Reference no: EM133538527

Reward for performance and contribution

Level 5 Associate Diploma in People Management

Preparation for the Tasks:
At the start of your assignment, you are encouraged to plan your assessment work with your Assessor and where appropriate agree milestones so that they can help you monitor your progress.
Refer to the indicative content in the unit to guide and support your evidence.
Pay attention to how your evidence is presented, remember you are working in the People Practice Team.
Ensure that the evidence generated for this assessment remains your own work.

Assessment Brief:

Scenario
The board at GA Pensions has decided to undertake a review of its reward strategies across the whole company. It is aware that the way reward is currently being implemented is fragmented and is causing elements of dissatisfaction amongst employees which is affecting business as well as employee performance outcomes. In your role as Reward Advisor, the board has asked you to provide it with a report that gives it an understanding of the context and approaches to reward and how these might influence a range of organisational and psychological factors. It also needs you to clarify the role that people professionals have in supporting line managers to make reward decisions.

Task One -Report Section One
To complete the task, you should provide a written response to each of the points below, making appropriate use of academic theory and practical examples to expand your response and illustrate key points.
To help the reader, please make use of headings and assessment criteria references to signpost the assessment criteria being addressed.

Evaluate the principles of reward and its importance to organisational culture and performance management. (AC 1.1)

Explain how policy initiatives and practices are implemented. (AC 1.2)

Explain how people and organisational performance can impact on the approach to reward. (AC 1.3)

Compare two different types of benefits offered by organisations and the merits of each. (AC 1.4)

Assess the contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance. (AC 1.5)

Assess the business context of the reward environment. (AC 2.1)

Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight. (AC 2.2)

Explain how organisations use insight to develop reward packages and approaches. (AC 2.3)

Task One - Report Section Once

Evaluate the principles of reward and its importance to organisational culture and performance management. (AC 1.1)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 300 words

Explain how policy initiatives and practices are implemented. (AC 1.2)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 300 words

Explain how people and organisational performance can impact on the approach to reward. (AC 1.3)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 250 words

Compare two different types of benefits offered by organisations and the merits of each. (AC 1.4)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 300 words

Assess the contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance. (AC 1.5)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 250 words

Assess the business context of the reward environment. (AC 2.1)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 400 words

Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight. (AC 2.2)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 400 words

Develop organisational reward packages and approaches based on insight. (AC 2.3)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 400 words

Task Two - Report Section Two

This task requires you to provide understanding of the role that people professionals undertake in supporting line managers to make reward decisions.

Explain the legislative requirements that impact reward practice. (AC 2.4)

Assess different approaches to performance management. (AC 3.1)

Review the role of people practice in supporting line managers to make consistent and appropriate reward judgements. (AC 3.2)

Explain how line managers make reward judgements based on organisational approaches to reward. (AC 3.3)

Task Two - Report Section

Explain the legislative requirements that impact reward practice. (AC 2.4)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 300 words

Assess different approaches to performance management. (AC 3.1)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 400 words

Review the role of people practice in supporting line managers to make consistent and appropriate reward judgements. (AC 3.2)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 300 words

Explain how line managers make reward judgements based on organisational approaches to reward. (AC 3.3)
Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Word count: Approximately 300 words