7HR03 Strategic Reward Management

7HR03 Strategic Reward Management

The six main criteria that CIPD requires centres to use when marking the assignments are outlined below, but it may be that not all these criteria are present in every question.

(1) focus

(2) depth and breadth of understanding

(3) strategic application and professional advice

(4) research and wider reading

(5) persuasiveness and originality

(6) presentation and language

Assessment questions

Research suggests that by 2030 there will be more jobs than people.  In this talent-led market, reward strategies will become increasingly important to help organisations to stand out and attract and retain the very best candidates.

In response to this your local CIPD branch is holding a discussion event titled,

‘Are our reward strategies fit for purpose?’

As a member of the branch committee you have been asked to contribute to this discussion by addressing the following questions:

Question 1 (AC 1.2)

Drawing upon specific examples, discuss how the components of a reward strategy can vertically align with the organisation’s strategy and horizontally align with other people practices within an organisation.

Question 2 (AC 2.3 )

Critically evaluate one individual and one team/company-wide contingency-based pay scheme for the organisation and the employee.

Question 3 (AC 3.3)

Argue the case for and against using performance appraisals in the formulation of pay progression decisions.

Question 4 (AC 4.2)

Critically review the advantages and disadvantages of using different forms of job evaluation to help determine reward decisions.