This paper revolves around Reward Management, you are required to present a report covering the following aspects:
- Business context and use of Reward Intelligence.
- Principles, implementation of policies, and practices of Reward.
- Role of line managers in making reward decisions.
- Assess the context of reward environment and key perspective that inform reward decisions.
Learning outcomes:
1. Understand the business context of reward and the use of reward intelligence.
2. Understand key reward principles and the implementation of policies and practices.
3. Understand the role of line managers in making reward decisions. Assessment Brief Using your own organisation (or one with which you are familiar), investigate the reward environment and produce a written report in which you:
1. Assess the context of the reward environment and the key perspectives that inform reward decisions. In this section you should:
o Use an appropriate analysis tool to identify the internal and external factors.
o Analyse the particular impact of business drivers and related factors on reward decisions.
o Give examples of different ways of gathering and presenting reward intelligence.