The MD has asked you to prepare a guidance document for colleagues regarding issues relating to the impact of reward approaches and packages.
The document must include:
Evaluate the principles of reward and its importance to organizational culture and performance management.
Evaluate the most appropriate ways in which data for reward and pay can be gathered and measured and develop insight from benchmarking data. Assess how benchmarking data can inform reward approaches.
Explain legislative requirements that impact pay and reward.
Prepare a guidance document or presentation for the board of a reward proposal for your organization.
The presentation slides and supporting notes.
An appraisal of competitors’ reward packages
Explain what rewards/benefits you will offer and why
Assessment of financial and non-financial implications to the organization, employees, and stakeholders
It is essential that you refer to academic concepts, theories, and professional practice for the tasks to ensure that your work is supported by analysis. Please ensure that any references and sources drawn upon are acknowledged correctly and supported by a bibliography
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