BINDURA UNIVERSITY
OF SCIENCE EDUCATION
FACULTY OF COMMERCE
DEPARTMENT
OF HUMAN RESOURCES MANAGEMENT
COMPENSATION:
MAY/JUNE EXAMINATION
2014
BS431
DURATION:3 HOURS
Instructions to candidates
1. Answer any four questions.
Information for candidates
1. All questions carry equal marks.
2. Start each full question on a new leaf.
3. No unauthorised items must be brought into the examination room.
Question One
a) Explain the following phrases as they apply to compensation.
i)
Wage curve
(S)
ii)
Wage survey
(S)
iii)
Wage structure
(S)
b) Comment on the rationale for using the total reward approach in compensation. (10)
[25 Marks]
Question Two
'Reward management is an integral part of Human Resources Management'. Discuss.
[25 Marks]
Question Three
Demonstrate how an equitable and fair salary structure is designed.
[25Marks]
Question Four
Critically examine the key components of a total compensation policy.
[25Marks
Question Five
a)
Outline five merits and five demerits of pay openness policy.
(10)
b)
Identify and explain any five advantages of a flexible benefit program.
(IS)
[25 Marks]
Question Six
Critically evaluate the effectiveness of performance related pay in achieving
compensation goals.
[25Marks]
End of paper
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