Reward System at SLM (Negotiation exercise not less than 1000 words + Report 1000 words)

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To develop critical and evaluative thinking by reviewing reward management and other HRM practices in the organisation – SLM Limited and to develop an understanding of contemporary reward theory and practice.

This assessment will be a case study/ role play exercise.Students, in groups of four, representing a management/HR team, will design a new incentive scheme for the case organisation (see case study document). You will then present your proposal to SLM and engage in convincing a second group, representing employees, of the value to SLM.In turn, the roles will be reversed.

. Working as a group you should: (Negotiation exercise)

  • Put forward recommendations for a suitable reward policy and structures at SLM Limited that are based on a critical evaluation of the current situation and will demonstrate good practice in serving the future needs of the business, its clients and its employees.
  • Hold negotiation meetings with union representatives, and explain and justify your recommendations to them, and answer any questions that they might have. In turn, the roles will be reversed.
  • Act as a group of union representatives for another student group putting forward proposal for SLM Limited, and raise any concerns that you might have.

Produce an INDIVIDUAL written report setting out: (Report)

  • your recommendations,
  • your key arguments as put to the union, and
  • An honest assessment as to the outcome of the meeting with the union.In the light of the meeting, how could your recommendations and arguments have been improved?

Note:

-0% plagiarism

-Harverd style referencing.