Explain performance- related-pay schemes, HR Management

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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.


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