Day-to-Day and Public Recognition
5HR03 – Reward for performance and contribution
This CIPD Level 5 learning video explores day-to-day and public recognition within unit 5HR03 – Reward for performance and contribution, specifically addressing assessment criteria AC 2.4 on recognition schemes. The video examines the distinction between formal and informal recognition approaches, comparing cash awards with non-cash alternatives such as gifts, vouchers, and tickets to understand their respective organisational value. By analysing how different recognition types motivate employee behaviour and contribute to performance management strategies, you'll develop the knowledge needed to evaluate and recommend appropriate recognition schemes for various workplace contexts.
Assessment Criteria 2.4
Explain the merits of different types of recognition schemes offered by organisations.
Indicative Content
Differences between formal and informal recognition; day-to-day recognition; public recognition; cash awards; value of cash awards; non-cash awards such as gifts, vouchers, tickets.
What You'll Learn
Video covering: Day-to-Day and Public Recognition
About 5HR03 – Reward for performance and contribution
This unit focuses on how internal and external business factors influence reward strategies and policies, the financial drivers of the organisation and the impact of reward costs and rewarding performance
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