IOP3706 Assessment 5 2024
QUESTION 1.1
Discuss the main purpose/s of reward and remuneration
(6)
QUESTION 1.2
Discuss the external factors that influence remuneration and reward
(5)
QUESTION 1.3
Discuss the internal factors that influence remuneration and reward
(4)
QUESTION 1.4
Highlight the purpose of job evaluation and salary surveys in the design of a remuneration
system (4)
QUESTION 1.5
Overall, drawing from your knowledge of reward and remuneration within the context of
personnel psychology; what advice would you give to Kevin Blake on how he can possibly
resolve the challenges identified by the human resource consultant?
(6)
Answers
Question 1.1
The purpose of reward and remunerations is used to achieve goals organisational goals
• Recruiting high quality employees and retaining their services
- Employees tend to choose jobs that give a higher salary.
QUESTION 1.1
Discuss the main purpose/s of reward and remuneration
(6)
QUESTION 1.2
Discuss the external factors that influence remuneration and reward
(5)
QUESTION 1.3
Discuss the internal factors that influence remuneration and reward
(4)
QUESTION 1.4
Highlight the purpose of job evaluation and salary surveys in the design of a remuneration
system (4)
QUESTION 1.5
Overall, drawing from your knowledge of reward and remuneration within the context of
personnel psychology; what advice would you give to Kevin Blake on how he can possibly
resolve the challenges identified by the human resource consultant?
(6)
Answers
Question 1.1
The purpose of reward and remunerations is used to achieve goals organisational goals
• Recruiting high quality employees and retaining their services
- Employees tend to choose jobs that give a higher salary.