NMIMS Compensation & Benefits June 2021 Solved Assignment

Compensation & Benefits 1. Mr. Roy is the HR manager of your organization. He does not understand the need for job descriptions when the company periodically restructures its operations and activities, including frequent changes in product lines. In fact, the company recruits multi-skilled professionals. Critically comment on the HR manager&rsquos argument from the perspective of compensation management. 2. Suppose that you are the HR manager at a firm with 40 employees. Currently, the company offers only the legal minimum number of days for vacation and paid holidays and the legally mandated benefits. Develop a list of other benefits that you believe should be offered, along with your reasons for suggesting them. 3. Malini Sharma started her chain of 10 wedding boutiques approximately five years ago. She presently operates within South Delhi and has been enjoying record profits. Sharma&rsquos wedding boutiques provide full-service amenities to future brides, including wedding planning services, custom fittings, and locating hard-to-find wedding dresses. Sharma&rsquos customer service philosophy is that customers are number one and must be satisfied with their purchases. However, recently there has been a rise in complaints regarding the lack of friendly service being provided, and three long standing employees have threatened to leave unless their compensation is adjusted in response to servicing Sharma&rsquos very demanding clients. Currently, she pays all of her staff the same base salary without any benefits. She feels this approach promotes equity and eliminates any perception of favoritism between employees regarding compensation. But now she has decided to rethink her compensation philosophy and needs your help. a. What are the specific problems with Sharma&rsquos current compensation program b. Discuss the types of compensation programs and plans available to Sharma to motivate and retain her existing staff.