Question bank for Compensation management

 Compensation management 

Question bank

2-Mark Questions

1. Define "Wage" and "Salary."
2. What is the main objective of Wage & Salary Administration?
3. What are wage differentials?
4. Name two factors that affect wage and salary levels.
5. When was the Workmen's Compensation Act enacted?
6. State one main feature of the Workmen's Compensation Act, 1923.
7. What is the purpose of the Payment of Gratuity Act, 1972?
8. Define "Gratuity" under the Payment of Gratuity Act, 1972.

5-Mark Questions

1. Explain the objectives of Wage & Salary Administration.
2. Discuss the concept of wage differentials and their significance.
3. List and briefly explain factors that affect wage and salary levels in an organization.
4. Describe the main features of the Workmen's Compensation Act, 1923.
5. What are the key provisions under the Workmen's Compensation Act, 1923?
6. Outline the scope and application of the Payment of Gratuity Act, 1972.
7. Discuss the main provisions under the Payment of Gratuity Act, 1972.

10-Mark Questions

1. Describe the meaning and importance of Wage & Salary Administration in an organization.
2. Discuss in detail the objectives and factors affecting wage and salary levels.
3. Explain wage differentials and analyze their impact on employee motivation and productivity.
4. Provide an overview of the Workmen's Compensation Act, 1923, including its key features and provisions.
5. Analyze the Payment of Gratuity Act, 1972, detailing its scope, application, and important provisions.
6. Compare and contrast the objectives of the Workmen's Compensation Act, 1923, and the Payment of Gratuity Act, 1972, in protecting workers' rights.