5HR03 AC 2.3 Explain the merits of different types of benefits offered by organisations. *Approx 400 words Employee benefits, which provide incentives in line with an organisation’s objectives, are an essential component of a comprehensive reward system. Flexible work schedules and performance-based compensation are two examples of these benefits. Performance-Related Pay (PRP) By establishing a […]

Explain how Organisations use Insight to Develop Reward Packages and Approaches (5hr03 AC 2.3) Organisations utilize insights to develop comprehensive reward packages and approaches that align with their strategic goals and meet the expectations of their employees. Employee Pay Grades and Pay Structures: organisations establish pay grades and structures to ensure fair and competitive compensation. […]