Response to the following questions use your own words and avoid plagiarism.
The count word is 3600 words.
Task: A written response
to the questions below
The HR director has asked you to create a written
response which will be circulated to the key stakeholders in the business.
It will focus on the approaches to reward and the role people professionals play in supporting line managers when developing reward packages. It will cover
methods of performance management and how to
support line management
decisions. You will need to include research around the area of reward
and performance management and link in business examples to support your research and show further
depth.
You will also need to gather
research which will provide the context for the different environments for
reward, what should be included in a reward package, and the legal requirements, these will help you create and develop your own package.
Your response must cover:
1)
An
evaluation of two principles of reward and an evaluation of why reward is important to culture and performance management. (AC1.1)
2) An explanation of how organisations can implement new policy initiatives and practices in relation to reward. (AC1.2)
3) An explanation of how both people and
organisational performance can impact its approach
to rewards. (AC1.3)
4) A comparison of the different types of benefits
offered by different organisations and the merits of them. (AC1.4)
5) An assessment of how extrinsic and intrinsic
rewards contribute to improved employee
contribution and sustained
organisational performance. (AC1.5)
6) An assessment of the
internal and external factors which influence the business context of the reward environment within Home
International. (AC2.1)
7) An evaluation of how unemployment and payroll data can be used to develop
insight when developing reward packages. (AC2.2)
8) An example of a reward package that you have
created for Home International. This
should include an appropriate reward package
supported with benchmarking data and an insight into job evaluation and the market rates
relevant to the roles within
Home International for example:
a)
Role 1: Manufacturing Operative
b)
Role 2: HR Administrator (AC2.3)
9)
An explanation as to the legal requirements in relation to pay and working time that might impact
reward practice. (AC2.4)
10)
An assessment of the effectiveness of two different approaches to performance management. (AC3.1)
11) A review of the role that people practice
professionals can take to support
line managers, to ensure consistent and appropriate reward judgements are made. (AC3.2)
12)
An explanation as to how line managers
can make reward judgements based on organisational approaches to reward. (AC3.3)
Your evidence
must consist of:
Written responses of approximately
3600 words