Developing an organization’s reward package needs strategic approaches based on key internal drivers and external labor market insights. These key indicators signal that a company needs to implement a rewards system: When formulating a rewards system, consider the following external factors: Developing a Rewards System The answers to the questions below help HR to highlight … Read more
A policy initiative refers to the strategic actions taken by organizations to drive performance in different sectors. Businesses need HR policies that guide their rewards system if they are to improve employee productivity. It is best if you involve employees in the design and implementation stages of a rewards program. This participation makes the final … Read more
Government legislation greatly influences an organization’s reward system. Such regulations regularize and govern how much and how often a company can give or introduce employees to rewards respectively. In the UK, for example, companies must strictly adhere to the National Minimum Wage Act (1998), the Equality Act (2010) and the Working Time Regulations of 1998 … Read more
Line managers are an important link when organizations are designing and implementing rewards decisions. People practice supports these managers to make consistent and appropriate reward judgements. To better understand how people practice guides line managers to make exceptional reward strategies, follow this 8-point review. How People Practice Supports Line Managers to Make Reward Decisions 1: … Read more
According to ILO, wellbeing at work refers to every aspect of working life. These include the quality and safety of the physical working environment, how employees feel about their work and organization etc. As HR practitioner you understand the importance of creating a healthy working places and increased productivity. Therefore, it is important to create … Read more
What will you learn It is important for any person who wish to work as HR practitioner to understand principles of employment law and application in people practice. Under specialist employment law module learners are taught legal framework governing employment legislation, redundancy laws and employment rights. At the end of the module, students should understand … Read more
CIPD Level 5 Assignment Example: 5CO02 Evidence Based Practice What you will learn 5CO02 evidence based practice focuses on problem solving approaches utilized in HR and L&D that form critical base in decision making. Students are taught the importance of using qualitative and quantitative information analysis for decision making. Also, how organizations can create value … Read more