5RWM I306002 CIPD Assessment Activity Title of unit/s Reward Management Unit No/s 5RWM Level 5 Credit value 6 Assessment method Group presentation Learning outcomes: 3 Understand key reward principles, policies and practices. 4 Understand the role of line managers in promoting a performance culture, in reward decision making and driving sustained organisation performance. Assessment brief/activity Assessment Criteria Your Chief Executive Officer has asked your team to make a presentation to the board that provides a critical review of the importance of equal pay in supporting the organisation’s reward strategy. As a team (3 to 5 people) you are required to produce and deliver a presentation of maximum 30 minutes duration with a further 15 minutes for questions. Referring to academic research and literature and examples of good practice within two different organisations, the presentation and supporting documentation should: 1. Evaluate the principles of rewards and importance of total rewards. 3.1 2. Identify and explain key equal pay policy initiatives and practices and how these can be implemented to support fairness and equity. 3.2, 3.3 3. Explain how line managers contribute and support fairness and equity in reward decision making. 4.1 4. Assess the extent to which fairness and equity in reward improve individual and organisational performance. 4.2, 4.3 Evidence to be produced/required A group presentation of maximum 30 minutes, with a further 15 minutes for questions. Supporting documentation to include: a copy of the presentation slides an individual statement of a maximum of two A4 pages which reflects on how the content of the presentation has met the task and includes citation of references. Tutor assessment notes of the observed presentation. The content rather than the process of the presentation is directly related to the assessment criteria. National Assessment Bank – Intermediate level – Version 3 August 2012 5RWM I306002 Guidance for Assessors for 5RWM (LO 3 & 4) This guidance is for assessors only and should not be handed out to candidates. Individual contribution should be assessed using the CIPD skills observation checklist (SOC) or similar, against the guidance below. Candidates should relate academic concepts, theories and professional practice to the way organisations operate, in a critical and informed way, and with reference to key texts, articles and other publications and by using organisational examples for illustration. All sources should be supported by citations presented in the format that the centre determines. It is important that candidates should have considered the stated audience of the board and aimed the content at this audience. Activity 1 AC 3.1 Activity 2 AC 3.2, 3.3 Activity 3 AC 4.1 Activity 4 AC 4.2, 4.3 Candidates should identify and evaluate the principles of rewards that inform the reward strategy in two organisations with which they are familiar and, where appropriate, identify the use of a total rewards approach. For the latter they should define a total rewards approach and how it is employed. Candidates should clearly show the relationship between the principles held and/or the total rewards approach and the reward strategy in the organisations. Candidates should identify the key equal pay policy and practices that they think will promote fairness and equity in the organisations for example job evaluation, and provide a rationale for these based on organisational practice and research. Candidates should demonstrate how these policies are/could be implemented within the organisational context. Candidates should evaluate the role of line managers in contributing to and supporting fairness and equity in the reward decisions they make particularly those associated with pay, for example, performance related pay. Again, reference should be made to best practice approaches and informed by up to date research together with benchmark examples from the two organisations under consideration. In their conclusions, candidates should provide an evaluation of the extent to which fairness and equity in reward policies and practice can improve individual and organisational performance. National Assessment Bank – Intermediate level – Version 3 August 2012