Assess the effectiveness of reward systems

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Reference no: EM132343529

Resource Management

Unit Aims

The aim of this unit is to provide an overview of the human and physical resources needed in a range of organisations, including those in the primary, service and manufacturing sectors, and provide an understanding of the impact of efficiency on the organisations. Learners will use this knowledge to review the effective use of resources within an organisation.

Learning outcomes

1 Understand the key features of resource management

1.1 Analyse the differing resource requirements of organisations in different sectors of the economy

1.2 Outline key requirements relevant to resource management in organisations in different sectors of the economy

2 Understand the importance of the effective use of physical resources

2.2 Evaluate how the use of physical resources is monitored and managed

2.1 Evaluate the impact of resource wastage

2.3 Assess the costs of high profile technological failures

2.4 Assess the business case for the use of ethical and sustainable resources

3 Understand how to maximise the effectiveness of human resources

3.1 Assess the need for human resource planning in the workplace

3.2 Using motivational theories, analyse what motivates people

3.3 Evaluate the methods used to monitor and improve employee performance

3.4 Assess the effectiveness of reward systems in different contexts

4 Be able to review the effective use of resources

4.1 Monitor the use of physical resources against performance measures and procedures

4.2 Analyse data on employee performance

4.3 Report on the effective use of human and physical resources

4.4 Make recommendations to improve efficiency

Reference no: EM132343529

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