Question
a) Reward Management takes place within the context of the internal (corporate) and external environments which can exert considerable influence on reward strategy and policies.
a) Reward Management takes place within the context of the internal (corporate) and external environments which can exert considerable influence on reward strategy and policies. Analyse the impact of the internal and external environments in determining the reward management in an organisation. (20 MARKS)
b) Job evaluation is the systematic process for defining the relative worth or size of jobs within an organization. It provides the basis for designing an equitable grade and pay structure. It is a consistent measure of job worth that is understood and perceived as fair. Job evaluation is a method for measuring the value of work (composite of the skill, mental and physical effort, responsibility and working conditions involved in doing the jobs). Using relevant examples critically evaluate the following job evaluation methods: the ranking, classification, factor comparison and point methods. Your answer should include the strengths and weaknesses of the various job evaluation methods. (20 MARKS)
c) The force that starts, directs, and sustains goal-oriented activities is motivation. It is what motivates us to carry out our duties, whether it is to eat a snack or to stave off hunger or enrol in school to get a degree. Researchers have developed several different theories to explain motivation. Each individual theory tends to be rather limited in scope. However, by looking at the key ideas behind each theory, we can gain a better understanding of motivation as a whole. Assess what these theories have taught us about motivation and analyse any TWO (2) motivational theories that are important to an employees performance management. (20 MARKS)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started