Академический Документы
Профессиональный Документы
Культура Документы
Instructions to Student
1. Remember to keep a copy of all submitted assignments.
2. All work must be typed.
3. Please note that you will be evaluated on your writing skills in all your assignments.
4. All work must be submitted through Turnitin2 and the full Originality Report should be
attached to the final assignment. The disciplinary procedure will be applied if you are found
guilty of plagiarism, poor writing skills or if you have applied incorrect or insufficient
referencing.
1
Under no circumstances will assignments be accepted for marking after the assignments of other students have been marked and returned to the students.
2 Refer to the PIHE Policy for Intellectual Property, Copyright and Plagiarism Infringement, which is available on myLMS.
Assignment Format
Students must follow the requirements when writing and submitting assignments as follows:
Use Arial, font size 12.
Include page numbers.
Print submissions on both sides of the page.
There is no maximum word limit.
Ensure any diagrams, screenshots and PowerPoint presentations fit correctly on the page and
are referenced.
Use the accurate referencing method throughout the assignment.
Include a bibliography based on the applicable referencing method at the end of the
assignment.
Include the completed Assessment/Project Coversheet (available on myLMS).
Check spelling, grammar, and punctuation.
Run the assignment through Turnitin software.
Attach the Turnitin report indicating the similarity %. (Make sure that the correct report is
attached.)
3 Available on myLMS.
Additional reading is required to complete this assignment successfully. You need to include the
following additional information sources:
Printed textbooks/e-books
Printed/online journal articles
Academic journals in electronic format accessed via ProQuest or other databases
Periodical articles e.g. business magazine articles
Information or articles from relevant websites
Other information sources e.g. geographic information (maps), census reports, interviews
Note
It is crucial that students reference all consulted information sources, by means of in-text
referencing and a bibliography, according to the applicable referencing method.
Learning Objective
The purpose of this assignment is to allow the student the opportunity to research, study, and
learn important theoretical knowledge regarding policies in the workplace. Human Resource
Management 3A is filled with concepts in the Human Resources Arena regarding compensation
and remuneration where policies are crucial to regulate compensation. COHR311 students need
to familiarise themselves with the concept “policy” and gain practical experience regarding the
writing of a specific company policy.
Assignment Topic
Writing a remuneration and compensation policy for Pearson Institute of Higher
Education
A proper human resource management policy should contain clear guiding statements and
principles on how to optimally employ, develop, utilize, and conserve the workforce of the
organisation. It is essential to develop clear policy guidelines regarding the whole spectrum of
human resource management to ensure consistency and fairness in how employees and other
working people are dealt with. (Nel et al. 2016:342-343) “As we all know, people are not robots
and all people behave and act differently. Managers should thus be mindful of employee needs
and adjust the remuneration and incentives offered to meet employees’ individual needs. One of
the challenges organisations face today is to remunerate employees in such a way that they are
motivated yet without impacting negatively on the profitability of the organisation.” (Coetzee et al.
2016)
Scope
When answering the assignment, you need to focus on the quality, rather than the quantity of
the content.
You need to analyse the questions before you start the answers. A contents’ table must be
drawn before you start with the assignment.
You must avoid generalisations and meaningless statements. Be specific.
You are free to use bullet points, charts and graphs (where appropriate), headings and
subheadings, etc. However, writing full paragraphs are mostly preferred.
You should reference at least ten sources that you have referred to in preparing your report.
Fifteen sources from fifteen separate websites, articles, or books. Five pages from the same
Technical Aspects
You are required to produce one document per group. Each document should include a word
count, table of contents, introduction, conclusion and bibliography plus a Turnitin report that
shows the percentage (%) of similarities.
There is no maximum length of this assignment. It must be done on A4 pages (including the
front page, table of contents and the list of references). The assignment must be typed in Arial
12 font, in 1.5 spacing.
Note: a mark total will be allocated for every aspect specified for the overall assignment (see
the table at the back of this document, called “Mark Allocation”). This assignment should be
presented as follows:
Front page with a title (topic of your assignment), your student numbers, names and
surnames.
Table of contents (list of headings and page numbers) – separate page. This needs to be
typed in ‘table format’, with the lines being hidden.
The “INTRODUCTION” will start on a separate page which explains the purpose and scope
of the assignment.
The rest of your assignment will follow from the introduction, with no extra spaces between
paragraphs and please do not type each headline on a separate page! This will include
the conclusion, which should be in line with the introduction and communicate your new
insight(s) after completion of this assignment.
The list of references, which is an alphabetical list of sources you consulted, must be at the
end of your assignment, on a separate page. Note: The list of references is not numbered,
but must be indicated on the table of contents, as well as the relevant page number.
Study the example below and access the complete document on the web before completing the
assignment that follows.
https://www.wbho.co.za/wp-content/uploads/2014/07/WBHO-Remuneration-
Policy.pdfhttps://www.sheffield.ac.uk/polopoly_fs/1.29489!/file/DressCodePolicy.pdf
https://www.google.com/search?q=remuneration+policy&rlz=1C1GCEU_enZA821ZA821&oq=
remuneration+policy&aqs=chrome..69i57.12779j0j7&sourceid=chrome&ie=UTF-8
The board defines remuneration philosophy and aligns business strategy and objectives with the overall
goal of creating shareholder value. To ensure fair and responsible remuneration practices, we seek a
balance between employee and shareholder interests while supporting entrepreneurial drive. We
simultaneously strive to maintain a balance between risk and reward.
individual, divisional and Group perspectives. Key principles that shape our policy are:
a critical success factor for the Group is its ability to attract, retain and motivate the talent required to
achieve operational and strategic objectives. Both short- and long-term incentives are used to this
end.
delivery-specific short-term incentives are viewed as strong drivers of performance. A significant
portion of senior management’s reward is variable and is determined by the achievement of realistic
profit targets together with an individual’s personal contribution to the growth and development of
their immediate business, the applicable division and wider Group. When warranted by exceptional
circumstances, special bonuses may be considered as additional awards.
as a consequence of the Group’s dynamic and fast-moving nature, management are often
redeployed to take on new challenges and address poor performing divisions. In such cases,
subjective criteria may need to be applied when making an evaluation.
long-term incentives align the objectives of management and shareholders for a sustained period.
3. GOVERNANCE
Board responsibility
The board carries ultimate responsibility for remuneration policy. The committee operates in
accordance with a board-approved mandate. The board may, when required, refer matters for
shareholder approval; for example, new and amended sharebased incentive schemes and non-
executive board and committee fees. During the year, the board accepted the recommendations made
by the committee. In terms of the recommendations set out in the King III report on governance,
remuneration policy is submitted to shareholders for a non-binding vote.
The committee:
3.1. reviews Group remuneration philosophy and policy
3.2. reviews the recommendations of management on fee proposals for the Group chairman and non-
executive directors and determines, in conjunction with the board, the final proposals to be
submitted to shareholders for approval
3.3. determines all the remuneration parameters for the chief executive and executive directors
3.4. agrees the principles for senior management increases and cash incentives in both South African
and off-shore operations
3.5. agrees incentive scheme allocations and awards for executive directors and all option allocations
for senior management
3.6. settles long-term incentive allocations and awards for executive directors and other qualifying
senior managers. The chief executive and financial director attend meetings by invitation. Other
members of executive management can be invited when appropriate.
No individual, irrespective of position, is present when their performance is evaluated and their
remuneration is discussed. To determine the remuneration of executive and non-executive directors
and certain senior executives, the committee reviews relevant market and peer data and considers
performance reviews. To retain flexibility and ensure fairness when directing human capital to those
areas of the Group requiring focused attention, subjective performance assessments may sometimes
be required when evaluating employee contributions. The committee assesses market practice relating
to share-based incentive plans and considers market-related information in its review of board and
4. EXTERNAL ADVISORS
The committee utilises the services of PricewaterhouseCoopers (PWC) as independent advisors on an
ad hoc basis. During the year, PWC supplied market data and advice on market practice and
governance and provided performance analyses on certain CSP performance measures.
5. COMPOSITION
NON-EXECUTIVE DIRECTORS
Terms of service
Non-executive directors are appointed by the shareholders at the AGM. Interim board appointments are
permitted between AGMs. Appointments are made in accordance with Group policy. Interim appointees
retire at the next AGM, when they may make themselves available for re-election. Non-executive
directors are required to retire on the third anniversary of their appointment and may offer themselves
for re-election. As appropriate, the board, through the nominations committee, proposes their re-
election to shareholders. There is no limit on the number of times a non-executive director may seek re-
election.
Non-executive directors do not receive short-term incentives nor do they participate in any long-term
incentive schemes except where non-executive directors previously held executive office and they
remain entitled to unvested benefits arising from their period of employment. The company does not
provide pension contributions to non-executive directors. Management reviews non-executive directors’
fees annually. After discussions with the committee, recommendations are made to the board, which in
turn proposes fees for approval by shareholders at the AGM.
Full details of the non-executive directors’ fees for the year ended June 30 2012 are
shown on page 84 of the annual integrated report. Details of the proposed nonexecutive directors’ fees
for the year ended June 30 2013 are shown on page 11 of the notice of annual general meeting 2012.
EXECUTIVE DIRECTORS
Executive directors receive a remuneration package shaped by a total-cost-to-company philosophy
(including basic remuneration and retirement/medical and other benefits – all on a defined contribution
basis) and, like other senior management, qualify for shortand long-term incentives. Executive directors
participate in the Long-Term Incentive Plan (‘CSP’) which is driven by performance criteria. For their
part, senior management participate in the Group option scheme.
The table below summarises the main components of the reward package for executive
and industries, the remuneration of executive directors varies according to local conditions. Details of
each executive director’s remuneration are fully disclosed in our annual integrated report (refer to page
83).
No employees receive remuneration in excess of any executive directors as disclosed in our annual
report and therefore no further information is provided on this issue.
End of Question 1
Quality of Content
Page numbers
Table of contents
Overall
Headings and sub-headings 35
Presentation
Numbering
Length
Language and grammar
Total / 160
The objectives are there but The objectives are complete and
The objectives are too not specific enough, lacks from five or more sources. The
Criterion 9 1.7 The objectives
few/incomplete/no source. more detail and/or from less objectives are clear and detailed
than three sources. and specific.
1.9 Reward The reward components for The reward components for The reward components for
Criterion 11 components: cleaners are incomplete/no cleaners are too few / only cleaners are complete / five or
a. Cleaners sources are referenced/no three sources are referenced more sources are referenced /
Correct referencing Sources are not correctly Some sources are correctly All sources are correctly
Criterion 23
of different sources referenced. referenced. referenced.
Few sources are Fair number of sources are Good number of work is
Number and quality
Criterion 24 consulted/poor quality of consulted/fair quality of consulted/good quality of
of works consulted
sources. sources. sources.
Criterion 25 Text referencing No/hardly any text referencing Average text referencing Good/outstanding text referencing
Good/outstanding quality of
Criterion 26 Quality of content Poor quality of content Fair quality of content
content
Headings and Headings and sub- headings Headings and subheadings are
Criterion 28 No headings and subheadings
subheadings incomplete/wrong correct/complete.
Correct plagiarism
Criterion 31 No report attached Incorrect report attached Correct report is attached.
report
Total: _______/160
Percentage: ________