5HR03: Level 5 Unit 6 HR
Now looking at Task 2: A Briefing Paper to Inform Future Reward Approaches at Home
International. For this task you are required to create a briefing paper, which will be
used to inform future decisions around Home International's approaches to reward. This
document must summarise the research you have carried out around rewards, which
will then allow you to create your own reward policy for the organisation. You will need
to gather research for this task, which will help you provide the context for different
environments for rewards, what should be included in a reward policy, and the legal
requirements.
These will help you create and develop your own package.
AC 2.1 - Assess the different approaches to performance management. An assessment
of industrial trends and sector profiles linked to common reward packages and the
levels of business activities relating to the context of reward environment within Home
International. For this task you are looking at specific trends and profiles relating to
reward packages. This will involve you carrying out research around those different
areas. To secure a Low Pass, you will need to provide sufficient examples. To gain a Full
Pass, you need to have confident use of examples and High Pass will provide strong
examples that will support the answer well. The answer should be applied to the case
organisation and evidence of wider reading to inform the answer.
AC 2.2 - Review the role of people practice in supporting line managers to make
consistent and appropriate reward judgments. An evaluation of how unemployment and
payroll data can be used by Home International to develop an insight into
benchmarking reward data. An example of reward packages that you have created for
Home International should include the following: An appropriate reward package
supported with benchmarking data; a job evaluation scheme; the market rates relevant
to the roles within Home International. Again, you will need to have a look at wider
information around some of these areas such as pay and also job evaluation.
To secure a Pass, you need to make sure that you are including examples and definitely
be linking to wider research with links, to achieve a High Pass and normal Pass and a
Low Pass.
Assessment criteria 2.3 - Explain how line managers make reward judgments based on
organisational approaches to reward. You need to provide an explanation to the legal
requirements in relation to minimum pay and working hours that might impact Home
International's reward Practice.
Remember, this is a global organisation but you should have a focus on the UK side of
the business at this point. To have a look at the grading requirements for this, you need
to be having a look at information around working time and pay, and these need to be
provided within your examples.
To secure a Low Pass, a Pass and a High Pass, you must be including, again, those
examples to support your answer and having a look at current data. This is very
important when we are looking at the area of pay and working hours because this does
change.