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5HR03Reward for performance and contribution
Level 5: Associate Diploma in People Management
This unit focuses on the business factors that influence reward policies, as well as the
financial drivers of the organisation and the impact of reward costs. It explores the
role of people practice, and how it can help managers make professional reward
judgements. It also looks at the impact of rewarding performance.
CIPD Insight factsheets:
- The CIPD factsheet on strategic reward and total reward provides an overview of the various aspects that can be explored in terms of designing and developing a reward strategy.
- https://www.cipd.co.uk/knowledge/strategy/reward/strategic-total-factsheet#gref
- The CIPD factsheet ‘reward – an introduction’ provides an overview on the options organisations can use to reward people and recognise their contributions. CIPD reports:
- https://www.cipd.co.uk/knowledge/fundamentals/people/pay/reward-factsheet#gref
- The CIPD reward management strategy report includes a survey which focusses on the impact of COVID-19 and reward practices in the UK. CIPD Podcasts:
- https://www.cipd.co.uk/knowledge/strategy/reward/surveys#gref
- The CIPD changing landscape of reward podcast provides an overview of the role reward strategies play in attracting the best talent. It also looks at the innovative strategies organisations are developing to recognise their employees.
- https://www.cipd.co.uk/podcasts/changing-landscape-of-reward#gref
- The CIPD executive pay and the psychology of motivation podcast looks at the pay gap and whether reward packages are much of a motivator.
- https://www.cipd.co.uk/podcasts/executive-pay#gref