A: Develop a Remuneration Policy that outlines purpose, obj
A: Develop a Remuneration Policy that outlines purpose, objectives,… A:Develop a Remuneration Policy that outlines purpose, objectives, forms of remunerations, and conditions or performance milestones. A policy should be a succinct document with appropriate legislative references. Describe what it means to be an “Employer of Choice” and what the organisation should do to position itself aas a desirable workplace for the prospective employees.B:Develop and prepare a remuneration strategy and an action plan for implementation around the following headings/areas.IntroductionAims and objectivesCurrent remuneration trends (comparison of example roles/positions across the industry) Legislative parameters and contextsOrganisational context and strategic alignmentInternal consultation, stakeholders, and approval processesRemuneration strategies (e.g., that the organisation should do to retain the best workers and maintain market competitiveness)Market Rate Survey AnalysisPerformance expectations and link between incentives and performance Feedback, evaluation, and improvement guidelinesKey recommendations Business Management Human Resource Management BUS 301
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