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Question 1:
(a) Define ‘Job Evaluation' and what are its pros and cons
(b) Explain the following Job Evaluation schemes: (i) Job Ranking (ii) Point-Factor Rating (iii) Job Classification (20 Marks)
Question 2:
(a) What is ‘Performance-Related-Pay' and what are its merits and demerits? (b) Explain three Performance- Related-Pay Schemes.
Question 3:
(a) Explain 360 degree Feedback and elaborate on its advantages and disadvantages.
(b) Describe the factors to be considered in developing 360 degree feedback system of appraising performance.
what are the best way to improve the compensation system in the firm?
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