(Solution) CIPD 5HR03 business context of the reward environment. (AC 2.1)
Solution A PESTLE analysis tool seeks to understand various external environment factors that impact reward practices. These factors include economic change, sociological and technological development. Economic factors The economy of […]
(Solution) CIPD 5HR03 contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance. (AC 1.5)
Solution Rewards are extrinsic when they are earned from the outcome of a job or performance, for example, salary, promotion and bonuses (Malek et al., 2020). These reward are tangible […]
(Solution) CIPD 5HR03 different types of benefits offered by organisations and the merits of each that might be applied to Body Image. (AC 1.4)
Solution Employee benefits are forms of rewards that employee receive, but not in cash. The cash is catered by the employer, meaning the organisation will incur the costs (Cotton, 2022). […]
(Solution) CIPD 5HR03 how people and organisational performance can impact on the approach to reward. (AC 1.3)
Solution People performance is the ability of employees to complete their duties and responsibilities as required by their employer. Organisational performance is the ability of an organisation to achieve its […]
(Solution) CIPD 5HR03 how reward policy initiatives and practices are implemented. (AC 1.2)
Solution Reward policy initiatives are guidelines that help organisation to design and implement fair, transparent and equal rewards (Jin et al., 2020). Examples of reward policies within Body Image could […]
(Solution) CIPD 5HR03 importance to organisational culture and performance management (AC1.1)
Solution Importance to culture Principles of rewards impacts organisational culture by setting positive behaviours and attitudes within the organisation. If Body Image wants to create an innovative culture, then it […]
(Solution) CIPD 5HR03 principles of reward and its importance to organisational culture and performance management. (AC 1.1)
Solution Principles of rewards are approaches that Body Image can take to deal with reward practices and process. They are basis for effective reward policies and provide organisations with guidelines […]
(Solution) CIPD 5OS06 impact and importance that LMD initiatives have on organisational culture, strategy, reputation and performance. (AC 3.3)
Solution Culture A positive working culture does not happen spontaneously, but it must be created through different ways including LMD initiatives. Proper training is the most important way to improve […]
(Solution) CIPD 5OS06 range of stakeholders and the involvement they have in leadership and management development initiatives (AC 3.2)
Solution Stakeholder management describes the process of organising, monitoring and improving relationship with stakeholders (Carroll and Brown, 2022). Stakeholder’s management matrix provides a framework in which stakeholders are identified and […]