Scribd
Upload
32 views2 pages

Comp Admin Prelim e

Uploaded by

Wycliffe Luther Rosales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
32 views2 pages

Comp Admin Prelim e

Uploaded by

Wycliffe Luther Rosales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

I.

Enumeration
1 – 6 ) Compensation may be used to/uses of Compensation
7 – 11) Components of a Compensation System
12 – 17) Different types of Compensation
18 – 22) Other objectives of Compensation

II. Problem Solving


Compute for the SSS/GSIS contribution, Philhealth contribution, HDMF contribution, Withholding Tax,
and Net Pay of the employee.

1) Basic Salary P 67,295.00/mo. 2) Basic Salary P 88,136.00


COLA 2,000.00/mo. PERA 2,000.00

3) Basic Salary P 21,000.00/mo. 4) Basic Salary P 10,000.00


PERA 2,000.00/mo. COLA 2,000.00

III. Essay
a) Differentiate direct and indirect compensation
b) Explain the four objectives of compensation
c) Discuss the two determinants of incentives
d) Define and explain the two important functions of compensation
e) What do you think is the importance of giving the proper compensation to an employee?

I. Enumeration
1 – 6 ) Compensation may be used to/uses of Compensation
7 – 11) Components of a Compensation System
12 – 17) Different types of Compensation
18 – 22) Other objectives of Compensation

II. Problem Solving


Compute for the SSS/GSIS contribution, Philhealth contribution, HDMF contribution, Withholding Tax,
and Net Pay of the employee.

1) Basic Salary P 67,295.00/mo. 2) Basic Salary P 88,136.00


COLA 2,000.00/mo. PERA 2,000.00

3) Basic Salary P 21,000.00/mo. 4) Basic Salary P 10,000.00


PERA 2,000.00/mo. COLA 2,000.00

III. Essay
a) Differentiate direct and indirect compensation
b) Explain the four objectives of compensation
c) Discuss the two determinants of incentives
d) Define and explain the two important functions of compensation
e) What do you think is the importance of giving the proper compensation to an employee?
Answers

I.
1. Recruit and retain qualified employees
2. Increase or maintain satisfaction
3. Reward and encourage peak performance
4. Achieve internal and external equity
5. Reduce turnover and encourage company loyalty
6. Modify practices of unions
7. Job description
8. Job Analysis
9. Job evaluation
10. Pay structures
11. Salary surveys
12. Base pay
13. Commissions
14. Overtime pay
15. Bonuses
16. Stock options
17. Travel/Meal/Housing allowance
18. Acquire qualified personnel
19. Retain current employees
20. Reward desired behaviour
21. Comply with legal regulations
22. Further administrative efficiency

SSS/GSIS PHIC HDMF W/tax Net Pay W/tax comp


Basic Salary 67295 581.3 437.5 100 10710.8 57465.4 66176.2
COLA 2000

Basic Salary 88136 7932.24 437.5 100 14732.78 66933.48 79666.26


PERA 2000

Basic Salary 21000 1890 262.5 100 0 20747.5 18747.5


PERA 2000

Basic Salary 10000 436 125 100 0 11339 9339


COLA 2000

You might also like