Question 1:

(a) It is widely believed nowadays that a reward strategy should be concerned with the direction of the organization should follow in developing the right mix and levels of financial and non-financial rewards in order to support the business strategy. Give 10 issues a reward strategy should deal with?

(b) "A reward strategy is characterized by diversity and conditioned both by the legacy of the past and the realities of the present." Briefly discuss.

Question 2:

Explain the different steps involved in the process of strategy formulation.

Question 3:

Discuss the resource-based approach to strategic HRM and explain its merits.