NPTEL HR Analytics Week 11 Assignment Answers 2024
1. What does “compensation analytics” primarily focus on?
- Tracking employee attendance
- Analyzing and optimizing employee compensation structures
- Organizing company events
- Designing office layouts
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2. What is a “pay mix policy”?
- The number of employees in each department
- The combination of different types of compensation (salary, bonuses, benefits) offered to employees
- The schedule of employee evaluations
- The distribution of work hours among employees
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3. State True or False Pay increases can negatively affect employee morale if they are perceived as unfair.
- True
- False
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4. What is the formula to calculate the percentage change in the Consumer Price Index (CPI)?
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5. What action might be taken if an employee has a very low Compa-Ratio?
- Decrease their pay
- Maintain their current pay
- Consider a pay increase to bring their salary closer to the midpoint
- Reassign them to a different department
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6. State True OR False A Compa-Ratio of 1 indicates that the employee’s pay is exactly at the midpoint of the pay range.
- True
- False
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7. The midpoint in a pay range is determined by analyzing:
- Employee performance reviews
- Annual company profits
- Employee attendance records
- Compensation survey data
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8. What does KRA stand for?
- Key Resource Allocation
- Key Result Areas
- Key Revenue Analysis
- Key Recruitment Areas
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9. PMS, in HR terminology, refers to:
- Pay Management System
- Project Monitoring System
- Performance Management System
- Personnel Management Strategy
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10. One of the key objectives of compensation analytics is to ensure ___________ between employee pay and organizational goals.
- Alignment
- Disparity
- Inconsistency
- Segregation
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