Question 1:

(a) What is a reward policy?
(b) What are the main components of a reward policy?

Question 2:

"The concept of the psychological contract is an important one to anybody involved with reward management because it is concerned with defining and meeting expectations concerning pay, performance and the development and application of competence and skills"

Critically examine this statement taking into account the changing nature of the psychological contract and its implications for reward management.

Question 3:

(a) What is the difference between job evaluation and job description?
(b) Describe any three methods used to evaluate jobs.

Question 4:

"A performance development plan can be used to further the mission of an organization and enhance the overall quality of the workforce"?

How far do you agree with this statement?

Question 5:

(a) List down the components of the Performance Management Cycle and comment on each one of them.

(b) What are the key principles in the design of performance appraisals schemes?