Scenario///

co-Insulate UK is a medium sized private sector organisation that manufactures eco-friendlythermal insulation in the UK. The Managing Director (MD), who started the company in the mid-1970s has set up a meeting with you to discuss concerns regarding increased turnover of skilledand non-skilled employees.

During the meeting you are made aware that there is no incentive scheme in operation and there isan expected level of performance broadly related to the notion of measured day work. Standardtimes exist and are maintained by the Finance and Administration Department.

Most employees receive 28 days paid holidays per year. All employees are included in the non-contributory pension scheme however, its generally known that special schemes operate for seniorstaff only.

The MD is aware that the overall culture and performance of the company is quite negative andthat its time to look at offering forms of reward incentives, benefits and recognition to stimulatepositive change.

In your capacity as a reward specialist practitioner, he asks you to put together a report for thesenior management team that will give them knowledge and understanding of the principles andcomponents of reward and pay, including how these might influence organisational, psychologicaland cultural factors. In addition, he would also like them to gain an understanding of jobevaluation and market rates.

Report

To complete the report, you should include written responses to each of the 10 points below,making appropriate use of academic literature, legislation, surveys, data intelligence, researchand good practical examples to substantiate your response and illustrate key points. Pleaseensure that you use reputable sources as indicated on the unit reading list and that all citedsources are correctly acknowledged and presented in full in a bibliography at the end of yourreport.

With reference to the above scenario:

1. 1) Explain the principles of reward and its importance to organisational culture andperformance management. (AC 1.1)
2. 2) Assess the contribution of extrinsic and intrinsic rewards to improving employeecontribution and sustained organisational performance. (AC 1.2)
3. 3) Explain the differences between types of grade and pay structures. (AC 2.1)
4. 4) Explain how contingent rewards can impact individual, team and organisationalperformance. (AC 2.2)
5. 5) Explain the merits of different types of benefits offered by organisations. (AC 2.3)

Level 5 Associate Diploma

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Level 5 Associate Diploma

1. 6) Explain the merits of different types of recognition schemes offered by organisations. (AC2.4)
2. 7) Assess the business context of the reward environment. (AC 3.1)
3. 8) Evaluate the most appropriate ways in which benchmarking data can be gathered andmeasured to develop insight. (AC 3.2)
4. 9) Explain approaches to job evaluation. (AC 3.3)

10)Explain the legislative requirements that impact reward practice. (AC 3.4)

Your evidence must consist of:

• A report, referring to the above scenario, with written responses to each of the 10instructions above.
• Approximately 3900 words in total, refer to CIPD word count policy.

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Assessment Criteria Evidence Checklist

You may find the following checklist helpful to make sure that you have included the requiredevidence to meet the task. This is not a mandatory requirement as long as it is clear in yoursubmission where the assessment criteria have been met.

Level 5 Associate Diploma

Task 1 Report Section OneAssessment criteria

EvidencedY/N

1.1

Explain the principles of reward andits importance to organisationalculture and performancemanagement.

1.2

Assess the contribution of extrinsicand intrinsic rewards to improvingemployee contribution and sustainedorganisational performance.

2.1

Explain differences between types ofgrade and pay structures.

Explain how contingent rewards canimpact individual, team andorganisational performance.

2.2

2.3

Explain the merits of different typesof benefits offered by organisations.

2.4

Explain the merits of different typesof recognition schemes offered byorganisations.

3.1

Assess the business context of thereward environment.

3.2

Evaluate the most appropriate waysin which benchmarking data can begathered and measured to developinsight.

3.3

Explain approaches to jobevaluation.

3.4

Explain the legislative requirementsthat impact reward practice

WRITE MY PAPER