Introduction to reward systems and their strategic purposes

This CIPD Level 3 video from the 3CO04 Essentials of People Practice unit introduces reward systems and their strategic purposes, directly addressing assessment criteria AC 5.2 on explaining the relationship between reward and performance. The video explores the rationale behind different reward approaches, examining how they influence recruitment, retention, and employee motivation through both intrinsic and extrinsic factors. It covers key motivation theories including content theories such as Maslow, Alderfer, and Herzberg, alongside process theories from Adams, Vroom, and Latham and Locke, whilst demonstrating the connections between reward strategy and workplace productivity. By watching this video, you'll gain a comprehensive understanding of how reward systems function as a strategic tool for creating an employer of choice and driving organisational performance.

Assessment Criteria 5.2

What You'll Learn

Video covering: Introduction to reward systems and their strategic purposes

About 3CO04 – Essentials of people practice

This unit introduces the fundamentals of people practice, ranging from the employee lifecycle to policies, regulation and law. It further explores a diverse array of specialist subjects such as recruitment, talent management, reward and learning and development, essential to a career in people practice. Importantly, this unit enables practitioners to apply their knowledge and skills, building their confidence and ability to practise progressively.

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