MGT3RPM Remuneration and Performance Management - Assessment Task 3

Assessment Task 3 – Individual Report

Based on the topics covered this semester, write a report on the design of an appropriate remuneration management program for one of the scenarios listed above.
Choose only ONE of the scenarios above.
Also, please note that the report must be written independently and by you alone.
The required report needs to have an executive summary (not included in the word count), introduction, main body and conclusion.
The report should cover, but not be limited to, the following elements:

1. Identify the internal and external environment, which might affect the organisation’s key performance requirements and key success factors.
2. Address key issues within the organisation relating to motivation (e.g. financial and non- financial incentives) and equity.
3. Provide an assessment of other possible problems the organisation might face in the management of remuneration.
4. Suggest options for addressing these issues, identifying each option’s strengths and weaknesses.
5. Discuss the implementation details of your preferred option, including what type of remuneration plan you would recommend.
6. Provide references. You are required to use the Academy of Management referencing style. You must use at least six academic refereed journal articles.

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