Strategic Reward Management

  Review a current role (or job family) and produce a report recommending the approach to be taken by your organisation in regards to remuneration and rewards. Your report must include the following as a minimum: Introduction • A brief section providing the details of the organisation including size, sector, key products/services and any other pertinent facts. A critical appraisal of approach to reward, including;  The organisational approach to pay structures and pay progression within the organisation (AC 3.1, AC 3.3, AC 4.2)  The extent to which a ‘total-rewards’ approach has been adopted (AC 2.1)  The organisational approach to base and contingent pay (AC 2.2, AC 2.3) Justify a reward strategy for a specific job role or family, considering;  The fit to organisational strategy and job climate/macro factors (AC 1.2)  The ability to attract, motivate and retain appropriate employees (AC 1.4)  Legal and international consideration for pay and reward (AC 3.5, AC 4.1)  Equity, transparency and fairness considerations (AC 4.3, AC 4.4) Conclusion  A brief section with key recommendations for action by your organisation, presented as a table.