Monday, December 16, 2024

HR Answers

 

A. Proposal for a Compensation Plan for Workers in a Hazardous Work Environment under The Workmen’s Compensation Act, 1923

The Workmen’s Compensation Act, 1923, provides compensation to workers in case of injury or death arising out of or in the course of employment. The compensation plan for workers in hazardous environments should include:

  1. Base Salary and Hazard Pay:

    • Workers should receive a base salary as per their role and skill level.
    • A hazard pay component (25%-50% of base salary) must be added, reflecting the risk level in their working environment.
  2. Insurance Coverage:

    • Mandatory group insurance for work-related injuries and diseases.
    • Coverage for medical treatment, rehabilitation, and loss of earning capacity.
  3. Compensation for Permanent Disability:

    • Based on the severity of the disability, compensation is calculated using the formula:
      • Compensation=60% of monthly wages× Relevant FactorCompensation = 60\% \ of \ monthly \ wages \times \ Relevant \ Factor
        (The "Relevant Factor" depends on the worker’s age.)
  4. Compensation for Fatal Accidents:

    • Immediate support to the worker’s family, calculated as:
      • Compensation=50% of monthly wages× Relevant FactorCompensation = 50\% \ of \ monthly \ wages \times \ Relevant \ Factor, with a minimum limit (₹1,40,000) and a maximum limit (₹14,00,000).
  5. Regular Safety Audits and Training:

    • Compensation for negligence due to the employer’s failure to provide a safe workplace should include punitive damages.
    • Provide safety training and ensure proper use of protective equipment to reduce hazards.

B. Salary Structure for IT Professionals Considering Wage Differentials

A well-structured compensation plan for IT professionals should account for:

  1. Basic Pay:

    • Determined by the industry standards, location, job role, and individual qualifications.
  2. Skill-Based Differentials:

    • Employees with in-demand skills (e.g., AI, cybersecurity, cloud computing) should receive higher pay.
  3. Experience-Based Differentials:

    • Entry-level professionals: ₹4,00,000 to ₹6,00,000 annually.
    • Mid-level professionals: ₹8,00,000 to ₹12,00,000 annually.
    • Senior-level professionals: ₹15,00,000 and above.
  4. Location-Based Differentials:

    • Higher pay for employees in metro cities due to the higher cost of living.
  5. Performance-Based Incentives:

    • Quarterly or annual bonuses linked to the achievement of individual and team goals.
  6. Allowances:

    • Housing rent allowance, transport allowance, and IT-specific allowances for technology upgrades.
  7. Perks and Benefits:

    • Health insurance, flexible working hours, stock options, and professional development programs.

C. Role of The Payment of Gratuity Act, 1972, in Retaining Experienced Employees

The Payment of Gratuity Act, 1972, ensures financial stability for employees after their long-term association with an organization, thereby helping retain experienced employees:

  1. Recognition of Loyalty:

    • Gratuity is a form of acknowledgment for dedicated service. Employees are more likely to stay when their loyalty is rewarded.
  2. Financial Security:

    • It provides a lump sum payment to employees upon retirement or resignation, creating a sense of financial stability and reducing turnover.
  3. Tenure-Based Motivation:

    • Gratuity is payable after 5 years of continuous service, encouraging employees to stay longer.
  4. Retirement Planning:

    • Employees view gratuity as part of their retirement benefits, promoting long-term retention.
  5. Employer Branding:

    • Organizations with transparent gratuity policies improve their reputation, attracting and retaining talent.

D. Adequacy of The Workmen’s Compensation Act, 1923, in Addressing Injured Workers’ Needs

The Workmen’s Compensation Act, 1923, has been instrumental in protecting injured workers, but it has certain limitations:

  1. Strengths:

    • Provides a legal framework to ensure timely compensation.
    • Covers a broad range of injuries, including occupational diseases.
    • Includes structured formulas for calculating compensation.
  2. Limitations:

    • Outdated Compensation Limits: The maximum compensation often does not align with current cost-of-living standards.
    • Limited Coverage: It applies only to certain categories of workers, excluding contractual or informal workers.
    • Delayed Processes: Lengthy legal proceedings delay benefits.
  3. Suggestions for Improvement:

    • Increase compensation limits to match inflation.
    • Extend coverage to all workers, regardless of employment type.
    • Simplify claim procedures for faster disbursement.
    • Integrate rehabilitation and counseling services for injured workers.

Tuesday, December 10, 2024

LEGAL ASPECTS IN HUMAN RESOURCE

 LEGAL ASPECTS IN HUMAN RESOURCE

Answer

A Write the name of authority by whom Factories act is administered

B Define the terms "Employer" and "Employee."                      

C Define Factory.                                                                        

D Define Working Hours.                                                           

E Name any two HR policy required  in an organization?      

F Name two important Health measures under the Factories Act,  1948.                                                                               

G State two rights of employees at the workplace.                    

H Define Cleanliness as per the factories act 1948   

   A List any two health facilities provided under the Factories Act, 1948.

B Define the terms "Employer" and "Employee."                      

C Define Factory.                                                                        

D Define Working Hours.                                                           

E Define cleanliness as per factories act                      

F Write the name of authority by whom Factories act is administered.                                                                  

G State two rights of employees at the workplace.                   

H Define “Sexual Harassment” as per the Women’s Sexual Harassment Act, 2013.     

A. List any two welfare facilities provided under the Factories Act, 1948.

B. Define the terms "Employer" and "Employee."                   

C. Define Factory.                                                                         

D .Define Working Hours.                                                           

E. Write the name of authority by whom Factories act is administered

F. Name two important measures under the Factories Act, 1948.                                                                        

G. State two rights of employees at the workplace.                    

H. Define Wages and Salary        

                                  

Answer (5 Marks Each)

A Write a short note on Local Complaints Committee

B Write a short note on the main features of the Sexual Harassment of Women at Workplace Act, 2013.

C Describe the significance of the Vishaka Guidelines.

D Discuss  the main objectives of the Factories Act, 1948.

E Explain the legal issues associated with HR management in organizations and their implications.

F Discuss the provisions related to safety in Sections 21 to 30 of the Factories Act, 1948.

G Briefly discuss the welfare facilities provided under the Factories Act, 1948.      

A What is the importance of HR policy in an organization?
B Summarize the main features of the Sexual Harassment of Women at Workplace Act, 2013.
C Describe the significance of the Vishaka Guidelines.
D Describe the main objectives of the Factories Act, 1948.
E Explain the legal issues associated with HR management in organizations and their implications.
F Discuss the provisions related to safety in Sections 21 to 30 of the Factories Act, 1948.

G Briefly discuss the welfare facilities provided under the Factories Act, 1948.      

A

Analyse the role of HR policies in preventing workplace conflicts.

B

Summarize the main features of the Sexual Harassment of Women at Workplace Act, 2013.

C

Describe the significance of the Vishaka Guidelines.

D

Describe the main objectives of the Factories Act, 1948.

E

Explain the legal issues associated with HR management in organizations and their implications.

F

Discuss the provisions related to safety in Sections 21 to 30 of the Factories Act, 1948.

G

Briefly discuss the health facilities provided under the Factories Act, 1948.                                              

                                                

 Answer (10 Marks Each)   

A Explain the importance of HR policy in an organization.               

B Examine the provisions of the Sexual Harassment of Women at Workplace Act, 2013 and their importance in protecting employees.                             

C Provide an overview of the key responsibilities of an employer under the Factories Act, 1948.   A Evaluate the impact of Section 46 (Canteens) on employee satisfaction.                                           

B Examine the provisions of the Sexual Harassment of Women at Workplace Act, 2013 and their importance in protecting employees.                             

C Provide an overview of the key responsibilities of an employer under the Factories Act, 1948.

A

Explain the importance of HR policy in an organization.                                   

D

Examine the provisions of the Sexual Harassment of Women at Workplace Act, 2013 and their importance in protecting employees

E

Evaluate the impact of Section 46 (Canteens) on employee satisfaction.                                            

                                                              

             


                  

COMPENSATION MANAGEMENT

 COMPENSATION MANAGEMENT

A Define "Wage Differentials" 

B Permanent disablement. 

C When was the Workmen's Compensation Act enacted?                

D State one main feature of the Workmen's Compensation Act      

E Define "Gratuity" under the Payment of Gratuity Act, 1972.        

F Define Partial Disablement.  

G State the meaning of wages.

H Define the term retirement.

A Define Appropriate Government

B What is Continuous Service?     

C Define "Wage" and "Salary."

D State one main feature of the Workmen's Compensation Act     

E Define "Gratuity" under the Payment of Gratuity Act, 1972.       

F Name two factors that affect wage and salary levels.

G State one main feature of the Workmen's Compensation Act.

H Define the term Superannuation.

A Define "Wage" and "Salary."

B What is the
C When was the Workmen's Compensation Act enacted?                
D State one main feature of the Workmen's Compensation Act      
E Define "Gratuity" under the Payment of Gratuity Act, 1972.        
F Define Partial disablement.
G Define Appropriate Government.
H Define the term Continuous services

5 marks QA

 A

Explain an overview of the Workmen's Compensation Act, 1923, including its key features and provisions.

B

List and briefly explain factors that affect wage and salary levels in an organization.

C

Outline the scope and application of the Payment of Gratuity Act, 1972.

D

Write a note on ‘Eligibility for payment of gratuity’ under the payment of gratuity Act 1972.

E

Discuss the concept of wage differentials and their significance.

F

Explain the objectives of Wage & Salary Administration

G

Outline the scope and application of the Payment of Gratuity Act, 1972.

A Discuss  an overview of the Workmen's Compensation Act, 1923, including its application. 

B List and briefly explain factors that affect wage and salary levels in an organization.

C Write a note on ‘Eligibility for payment of gratuity’ under the payment of gratuity Act 1972.

D Explain the scope and application of the Payment of Gratuity Act, 1972.

E Discuss the concept of wage differentials and their significance.

F Explain the objectives of Wage & Salary Administration with various types of disablement

G Describe the meaning and importance of Wage & Salary Administration in an organization.

A State the Powers of Inspectors under the payment of Gratuity Act,1972
B List and briefly explain factors that affect wage and salary levels in an organization.
C Explain the provisions of Gratuity Act, 1972 relating to nomination by an employee.
D Describe the main features of the Workmen's Compensation Act, 1923
E Discuss the concept of wage differentials and their significance.
F Explain the objectives of Wage & Salary Administration
G State the provision relating to the amount of compensation to be paid by the employer in case of accident resulting in death or any disablement.

10 marks QA

A

Describe the meaning and importance of Wage & Salary Administration in an organization.

D

Explain wage differentials and analyze their impact on employee motivation and productivity.

E

Compare and contrast the objectives of the Workmen's Compensation Act, 1923, and the Payment of Gratuity Act, 1972, in protecting workers' rights.

A Evaluate the effectiveness of The Payment of Gratuity Act, 1972, in providing financial security to employees.

C Explain wage differentials and analyze their impact on employee motivation and productivity.

D Propose a compensation plan for workers in a hazardous work environment under The Workmen’s Compensation Act, 1923.

A Develop a salary structure for IT professionals considering wage differentials.

B Assess the role of The Payment of Gratuity Act, 1972, in retaining experienced employees.

C Evaluate the adequacy of The Workmen’s Compensation Act, 1923, in addressing the needs of injured workers.

D Compare the objectives of The Workmen’s Compensation Act, 1923, and The Payment of Gratuity Act, 1972.




RETAIL MANAGEMENT QB

  UNIT II – MERCHANDISE PLANNING AND MANAGEMENT 2 Marks Questions (Remembering) Define merchandise planning. What is assortment plann...