5HR03: Reward for Performance and Contribution-Report Writing - Management Assignment Help

Assignment Task

This unit focuses on how internal and external business factors influence reward strategies and policies, the financial drivers of the organisation and the impact of reward costs. It considers the importance of the role of people practice in supporting managers to make robust and professional reward judgements and the impact of rewarding performance.

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 assignment narrative and evidence.
• Pay attention to how your evidence is presented, remember you are a member of the People Practice team for this task.
• Ensure that the evidence generated for this assessment remains your own work.

You will also benefit from:

• Acting on formative feedback from your Assessor.
• Reflecting on your own experiences of learning opportunities and training and continuing professional development.

All tasks in this assignment should be applied to your own company or a case study company that you are familiar with or one that you can research

Task 1: Written Analysis Report to the Head of HR – 1600 WORDS

In light of the impact of the recent changes and developments in the world of work and the psychological contract you have been asked by the Head of HR to provide an analysis on the current drivers and constraints on reward systems and how these should be improved for your business (or an organisation case study of your choosing which you are familiar with through your research).

This must cover:

1.3 Explain how people and organisational performance can impact on the approach to reward

2.1 Assess the business context of the reward environment

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

2.3 Develop organisational reward packages and approaches based on insight

3.1 Assess different approaches to performance management

Task 2: Presentation Slide Deck for Training - 2300 WORDS

As part of your research into this subject, your HR Manager has also requested that you roll out some Line Manager training based on your findings and to help support and inform the line managers on best practice and the tailored nature of the reward packages and system that you have developed. This should include some justification as to the choices made and some explanation of the practicalities of the way these can be implemented by your Line Manager team. This must also cover:

1.1 Evaluate the principles of rewards and its importance to the organisational culture and performance management

1.2 Explain how policy initiatives and practices are implemented

1.4 Compare the different types of benefits offered by organisations and the merits of each

1.5 Assess the contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance

2.4 Explain the legislative requirements that impact reward practice

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

3.3 Explain how line managers make reward judgements based on organisational approaches to reward

Your training design should take the format of a set of slides with supporting notes or a WORD document with slide graphics. The factors considered in your design should be justified to show the relationship with the company context and implementation needs. It is essential that your report is aimed at the appropriate readers and is in a formal, professional business format.

It is essential that you refer to academic concepts, theories and professional practice for the tasks to ensure that your work is supported by detailed explanations. It is essential that your work fully explains the detail of the knowledge and understanding required. Please ensure that any references and sources drawn upon are acknowledged correctly and supported by in text citation and a bibliography.

Your evidence must consist of:

• A written analysis for the Head of HR (approx. 1600 words)

• A slide deck for line manager training (approx. 2300 words)

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