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(Solution) 5HR03 (AC2.2) Explain how contingent rewards can impact individual, team and organisational performance

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Solution Contingent Rewards Financial or non-financial awards given  upon meeting predetermined performance or outcome standards are known as contingent rewards.
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(Solution) 5HR03 (AC2.3) Explain the merits of different types of benefits offered by organisations.

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Solution Benefits vs Rewards Rewards are also referred to as non-salary remuneration and may be offered to the worker in
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(Solution) 5HR03 (AC2.4) Explain the merits of different types of recognition schemes offered by organisations

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Solution Recognition Schemes Recognition Schemes are formal structures implemented within workplaces to reward staff and encourage them for their hard
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(Solution) 5HR03 (AC3.1) Assess the business context of the reward environment

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Solution Reward management involves taking into account the business environment outside the organisation since its effectiveness and responsiveness may change
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(Solution) 5HR03 (AC3.2) Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight

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Solution Benchmarking is the act of comparing the performance indicators and practices of one organisation with those of other organisations
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(Solution) 5HR03 (AC3.3) Explain approaches to job evaluation

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Solution Formal approach: Factor comparison Factor comparison entails comparing jobs against a number of predetermined job related factors for instance
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(Solution) 5HR03 (AC3.4) Explain the legislative requirements that impact reward practice.

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Solution The legal complements that can be considered as relative to Eco-Insulate are the Equality Act 2010, the National Minimum
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(Solution) 5HR03 AC1.1) Explain the principles of reward and its importance to organisational culture and performance management.

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Solution The term “total reward” describes the benefits an employee receives from their job, which go beyond their base pay
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(Solution) 5HR03 AC1.2) Assess the contribution of extrinsic and intrinsic rewards to improving employee contribution and sustained organisational performance.

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Solution Extrinsic rewards External incentives refer to those that are provided from outside; they may include pay, incentives, and other
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(Solution) 5OS04 Question 1 (AC 1.1) major ways in which UK and Japanese workplace cultures differ from each other

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Solution Q 1: (AC 1.1) From Geert Hofstede’s cultural mapping research, major differences of UK and Japanese workplace cultures include
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(Solution) 5OS04 Question 10 (AC 4.2) personal attributes and competencies your companies should consider when selecting staff to work at the new parent company’s headquarters in Japan

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Solution When selecting staff to work at the parent company’s headquarters in Japan, the company should consider both personal attributes
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(Solution) 5OS04 Question 11 (AC 4.3) policies and practices your company should adopt for managing the repatriation of expatriate staff

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Solution To ensure a smooth repatriation process for expatriate staff returning from the UK or Japan, the company should adopt