Unit 11

Question 1

Discuss the strategic importance of reward
management and recognition.

Answer 1

Reward management - focus on making fair reward systems to ensure that employee needs are met. (mainly monetary rewards and non-monetary rewards like talent development)
Reward strategy - the organisation’s plan to make reward policies to ensure that business goals and stakeholder needs are met.

Question 2

Explain the objectives of a reward system.

Answer 2

Attract and retain talented employees
Improve employee performance
Ensure legal compliance
Control labour costs
Ensuring fairness and equity between employees

Question 3

Discuss the external and internal factors that
influence remuneration. (10 6 and 4)

Answer 3

External:
Government policies
Labour unions
Labour market
Global pandemic
Economic influences

Internal:
Ability to pay
Employee needs
Job requirements

Question 4

Name and explain different pay policies

Answer 4

Pay level
Pay equity
Market rate
Market salary

Question 5

Discuss job evaluation and explain three popular methods used in South Africa.

Answer 5

Job evaluation is a process aiming to determine the worth of jobs in an organisation.
The Paterson system, Unit 11, page 17.
The peromnes system, Unit 11, page 18.
The Hay system, Unit 11, page 20.

Question 6

Describe the reward strategies for 5 special groups.

Answer 6

Executive management
Expatriate employees
Sales employees
Misc staff
Contractors

Question 7

Explain the latest trends that influence remuneration strategies.

Answer 7

Globalisation - allows people to work anywhere in the world.
Digital talent
Global pandemic
Remote work

Question 8

Study a case study for Rewarding and
Recognising Employees.

Answer 8

UNIT 11, PAGE 26.