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Task A Written Response
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 (+ or – 10%). Please use the assessment criteria as your headings.