Types of reward management approach

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Reference no: EM133330740

Assignment:

Key concept The aim of this activity is to analyse and debate reward strategies that can be utilised by HR in organisations. This is to explore the different approaches to reward strategies and impacts of them on employees' motivation, engagement and performance within organisations. Ensure you are applying the theory and considering the impacts for both employees and employers.

Task:

In groups, you will be allocated a type of reward management approach (of either intrinsic or extrinsic rewards) and should consider the following questions;

- What are possible advantages of the reward approach?

- What are possible disadvantages of the reward approach?

- What are the implications for the employee of the reward approach?

- What are the implications for the employer of the reward approach?

You should then debate your groups" perspective and answers to the questions, this will allow you to analyse different reward strategies within organisations and the role they play in in?uencing employees and their associated performance. By debating the advantages. disadvantages and associated implications of reward management approaches it is important to explore the employer and employees impacts of reward management as this aids in your understanding and applicability of the approaches for both employers and employees.

Reference no: EM133330740

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