LEEDS BUSINESS SCHOOL

COURSEWORK ASSESSMENT
MODULE BAC 2644 - REWARD MANAGEMENT

COMPONENT 1 – A CRITICAL REVIEW OF

ASSIGNMENT CURRENT REWARD AND PERFORMANCE
DETAILS PRACTICE AT GOURMETBABY
(1,546 words)

STUDENT NAME PAVANJIT SINGH

STUDENT ID BAF09202002
BACHELOR IN ACCOUNTING AND FINANCE/
PROGRAMME/ YEAR YEAR 3

EMAIL ADDRESS BAF09202002@STUDENTS.AMCCOLLEGE.EDU.MY

DATE OF 12TH NOVEMBER 2021

SUBMISSION

MARKS

I declare that all material in this assignment is my own work except where there is clear acknowledgement
or reference to the work of others and I have complied and agreed to the University statement on
Plagiarism and Academic Integrity.

Signed: Pavan Date: 12st NOVEMBER

2021

*By submitting this assignment and cover sheet electronically, in whatever form, you are deemed to have made
the declaration set out above.

TABLE OF CONTENT
 Details Page Number

1.0) Introduction 2

2.0) Definition of Reward Management 3-4

2.1) Critical Evaluation of The Current Reward

System (Financial and Non-Financial 5-6
Reward)

3.0) Definition of Performance Management 7

3.1) Critical Evaluation of The Current

Performance System (Nature of the Current 8–9
System)

4.0) Conclusion 10

5.0) Bibliography 11

1.0) Introduction

GourmetBaby is established by a single mother named Mum Lucy. Firstly, she

was very active and spend many hours in the kitchen to prepare meals for her first
son named Ben. She invented a meal structure for her son to eat to promote a
healthy lifestyle and daily nutrients needed by her son. She uses fresh and 100%

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original product in preparing the meals. As the time flies, she works hustle every
day and been extremely busy when she been promoted as marketing manager in
a company. Time becomes limited for her as she cannot do anything much. She
look around for alternative way of making homemade meals and she looked in
various groceries stores. She felt disappointed as the food are processed and sold
in jars and need to be heated. She does not like and felt comfortable for giving her
son to eat processed food.

Besides that, her life has changed when her daughter came in this world. Her
name is Emma. She stopped working and decide to spend more time with her
family in precious way. After discovering more recipes and methods in preparing
fresh meal for her children, she posted on her blog, and she made decision to sell
her homemade baby food throughout the community. From small start-up
business to 10 years later, GourmetBaby has grown higher and been found in
many groceries’ freezer cabinets and shelves in United Kingdom.

2.0) Definition of Reward Management

Reward management is anxious about the procedures, plan, and cycles needed to
guarantee that the worth of individuals and the commitment they make to
accomplishing authoritative, departmental and group objectives is perceived and
compensated. It is about the strategy, execution and support of remuneration

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frameworks that intend to fulfil the necessities of the two associations and its
partners and to work reasonably, even-handedly, and reliably. [Armstrong, 2010]

It ought to be think about that reward the board is not restrict to monetary prizes,
pay and worker advantage however similarly worried about non-monetary prizes
like acknowledgment, erudition and advancement openings and expanded work
liability. [Armstrong, 2010]

The components of remuneration the board inside a business association are

generally the things that they use to draw in expected representatives into their
business which incorporates pay, rewards, motivator pay, advantages and worker
development openings like proficient turn of events and preparing openings.
Having a prize administration framework set up furnishes the business with many
benefits, particularly in little to medium size associations where the administrators
should have a decent connection with the representatives. Prize projects have
ended up being extremely fruitful in inspiring the exhibition of the association
overall. [UK Essays, 2021]

Prizes can be partitioned into two classes which are characteristic and outward.
Inherent honours are incorporated by things like honours, commendation, and
public acknowledgement, which give a pride yet are not adapted. While
extraneous prizes are truly given and can include worth like a reward or paid
occasion, for instance. Moreover, it can be separated into three sub-classes which
are advantages, improve and rewards. [DavidsonMorris, 2021]

I) Advantages
Advantages will often be incorporated into the workers
compensation; these incorporate annuities that they can guarantee
in the wake of arriving at a particular age. More up to date
components, for example, paid leave to take on an animal are being
presented by certain associations, as are non-monetary prizes.
II) Improve
Numerous representatives additionally wish to work on their general
situation, and those organizations who are turned on to such things
are beginning to perceive this. Ground-breaking organizations are

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 currently starting to incorporate offering time lenient gestures to learn
new dialects, join wellness classes, or cycle-to-work programs. It
likely has not got away from your notification that these sorts of
advantages are commonly valuable to you as business. More joyful,
better representatives are probably going to offer more to an
associations culture by carrying on with better lives both inside and
outside their workplace.
III) Rewards
Prizes allow you an opportunity to have advance in efficiency so that
cross sections with your business qualities and lifestyle. Rather than
giving monetary prizes or maybe an extra days occasion for
tremendous task finisher, ponder offering different motivators that
advance cooperation, or thought for others inside the working
environment, just as those impetuses that empower amount and
nature of work.

2.1) Critical Evaluation of The Current Reward System (Financial

and Non-Financial Reward)

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Reward Management Model Source, (Researchgate, Armstrong, 2021)

The prize system will characterize longer-term goals in such regions as pay
structures, unforeseen compensation, representative advantages, step to build
commitment and responsibility and embracing an absolute award approach.
[Armstrong, 2010]

Based on the case study, GourmetBaby offers wide range of intangible rewards
for the employees to enhance an enjoyable working environment. It consists of
annual family fun day, social clubs, GourmetBaby gym, ride to work scheme,
childcare vouchers, massages, and yoga and breakfast or Friday drinks. What can
be suggested is that GourmetBaby can collaborate with another gym to save the
cost and give free access to employees which are hardworking and work in
efficient way. With this method, it can enhance the workers to develop high quality
working skills and have great balanced diet by exercising. Other than that,

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breakfast or Friday drinks is not necessary to be included. This is because it does
not seem relevant for the rewards in terms of healthy lifestyle.

Besides that, base compensation might be communicated as a yearly, week by

week or hourly rate. The last option is some of the time called a period rate
arrangement of instalment. The base rate might be changed in accordance with
reflect expansions in the expense of living or market rates by the association
singularly or by concurrence with a worker’s guild. Pay that is connected
completely to the worth of the occupation rather than the individual is called work-
based compensation. [Armstrong, 2010)

GourmetBaby pays an annual pay review to the staff in ensuring that high
performance is rewarded by giving higher rewards for excellent performance. It is
a great choice chosen by GourmetBaby. It can enhance the staffs to work more
independently and show the integrity also love for work as a phrase ‘No Pain, No
Gain’. It can be related to workers on work-based compensation that is connected
completely to the worth of their profession.

GourmetBaby applies financial rewards as they segregate the amount of essential

between the staffs which can avoid them on having too high employee turnover
and poor performance. It is important to avoid the missing of equitable pay,
training and development opportunities and integration as it can results in
dissatisfaction among the employers and employees.

3.0) Definition of Performance Management

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 Execution is without a doubt regularly viewed as basically the results
accomplished: a record of a people achievements. Kane (1996) contends that
presentation is something that the individual abandons and that exists separated
from the reason. Bernardin et al (1995) trust that: Performance ought to be
characterized as the results of work since they give the most grounded linkage to
the essential objectives of the association, consumer loyalty, and financial
commitments. [Armstrong, 2010]

Borman and Motowidlo (1993) set forward the thought of logical execution, which
covers non-work explicit practices like participation, devotion, excitement, and
diligence and is separated from task execution covering position explicit practices.
As Fletcher (2001) refers to, context-oriented execution manages ascribes that go
past task skill and that cultivate practices that improve the environment and
viability of the association. [Armstrong,2010]

3.1) Critical Evaluation of The Current Performance System

(Nature of the Current System)

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The performance management process (Armstrong, 2017)

GourmetBaby does not have any formal performance review process on annual
basis. They conduct weekly one to one meeting in which they discuss and review
on the progress growth of the company. They conduct daily basis objectives and
lives in company values to enhance more approach in developing people at
GourmetBaby.

Based on the mechanisms to support and measure performance, GourmetBaby

conduct weekly basis meetings between the managers and staff on discussion of
th progress against individual objectives. GourmetBaby does not apply individual
objectives.

Other than that, GourmetBaby offers 2 days training programme in academy to

enhance the new staff to have clear background and picture of the progression
work and contribution in the workplace as well.

GourmetBaby has a good performance system in which they are able to track their
progress in well manner.

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4.0) Conclusion

Reward management plays an important role in the development of a company.

Reward management has a broad range of strategies, policies, and processes in

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 keeping the value of people and contribution of organizational achievement. On
the other hand, performance management is an important in the progress of a
company. Performance management can be defined broadly as GourmetBaby
applies the aspects.

In a nutshell, GourmetBaby has a great development nature in the company.

5.0) Bibliography

I) Armstrong, M. and Armstrong, M., 2010. "Armstrong's handbook of reward

management practice. 3rd ed. Michael Armstrong.

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II) Ukessays.com. 2021. The Importance of Reward Management. [online] Available
at: <https://www.ukessays.com/essays/business/the-importance-of-reward-
management-business-essay.php> [Accessed November 2021].
III) Davidsonmorris.com. 2021. [online] Available at:
<https://www.davidsonmorris.com/reward-management/> [Accessed November
2021].

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