5HR03 Reward for Performance & Contribution

Table of content

Task One

AC 1.1 Evaluate the principles of reward and its importance to organisational culture and performance management.AC 1.2 Explain how policy initiatives and practices are implemented AC 1.3 Explain how people and organisational performance can impact on the approach to reward AC 1.4 Compare the different types of benefits offered by organisations and the merits of each AC 1.5 Assess the contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance AC 2.1 Assess the business context of the reward environment AC 2.2 Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight AC 2.3 Develop organisational reward packages and approaches based on insight

Task Two

AC 2.4 Explain the legislative requirements that impact reward practice AC 3.1 Assess different approaches to performance management AC 3.2 Review the role of people practice in supporting line managers to make consistent and appropriate reward judgements AC 3.3 Explain how line managers make reward judgements based on organisational approaches to reward Reference