IGNOU MMPH-007 Compensation and Rewards Management Solved Assignment 2025-2026

MMPH-007 Compensation and Rewards Management Solved Assignment 2025-2026

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MMPH-007 Compensation and Rewards Management

Course Code : MMPH-007

Course Title : Compensation and Rewards Management

Assignment Code : MMPH-007/TMA/JULY/2025

Coverage : All Blocks

Note: Attempt all the questions and submit this assignment to the Coordinator of your study centre. Last date of submission for July 2025 Semester is 31st October 2025and for January 2026 Semester is 30th April, 2026.

1. What are the public policy considerations in wage policies, state the practical difficulties, if any, in translating the lofty ideals into actions.

2. Delineate the major functions of the compensation programme. What is the overall objective of a compensation policy?

3. How minimum wage differs from need based minimum wage? What are the factors that are to be taken into account while fixing the minimum wage?

4. Write down the procedure of Job Evaluation. Explain the various methods of systems of Job Evaluation. Also write advantages and disadvantages of any two.

5. Why is VRS considered a soft option? How does it help overcome the legal hurdles in downsizing employee strength? Discuss how can a company go about VRS?

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