Human Resource Management - Reward Management

Order Description • Select a real organisation that you will “work for”; the scenario is that this organisation is creatin" rel="nofollow">ing a new Division or new sister company; (for those of you with ideas of runnin" rel="nofollow">ing your own busin" rel="nofollow">iness, you may base it on a new organisation that you will/would like to start) • Note relevant factors which determin" rel="nofollow">ine the organisation’s type and operational context: Private, Public, or Third Sector; local, regional, national, in" rel="nofollow">international, MNC; established, developin" rel="nofollow">ing, start-up; large, medium, small; fin" rel="nofollow">inancial parameters; market sector; product or service offered; any other parameters of relevance to your work so that you can ensure your design will achieve required outcomes – particularly organisational cohesion and performance optimisation; • Investigate it’s approach to reward; (if you are devisin" rel="nofollow">ing an entirely new organisation then look at similar organisations to benchmark again" rel="nofollow">inst) Then: • Design an optimal reward strategy and a policy to match it for the planned new Division or company, based on your evidenced knowledge and understandin" rel="nofollow">ing of the organisation’s strategic goals. • DO NOT regurgitate actual corporate data in" rel="nofollow">in your design; this must be your origin" rel="nofollow">inal developed work based on your in" rel="nofollow">investigation and evaluation of the organisation and its current/in" rel="nofollow">intended in" rel="nofollow">infrastructure. Put any referenced data in" rel="nofollow">in appendices.