HRM3705 Compensation Management
University of South Africa
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HRM3705 SUMMARY STUDY NOTES (2022 EXAM PREP)
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---78mei 20222021/2022
- HRM3705 SUMMARY 
STUDY NOTES 
(2022 EXAM PREP) Strategic Compensation: A Component of Human Resource Systems 
Compensation refers to all forms of financial returns and tangible resources and benefits employees 
receive as part of an employment relationship. They are either: 
 Intrinsic—intrinsic compensation represents employees’ critical psychological states that 
result from performing their jobs. 
 Extrinsic—extrinsic compensation includes both monetary and nonmonetary rewards. 
C...
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$4.49 Meer Info
ExcelAcademia2026
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HRM3705 Assignment 2 Questions & Answers
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---6april 20222021/2022A+
- HRM3705 
Assignment 2 
Questions & Answers 
1.1. Identify [1 mark] and discuss [3 marks] Health Invention’s current organisational strategy 
according to the Miles and Snow (1978) classification. Provide an example from the case study 
to justify your answer [2 marks] 
1.2. In the case study it is indicated that Health Invention have decided to change their 
business strategy to maintain stable growth and to protect its current markets 
a. Identify [1 mark] and discuss [2 marks] Health Inventi...
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lectdenis
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HRM3705 Remuneration Management - Exam Prep & Revision
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---67oktober 20212021/2022A+
- Chapter 1: Remuneration Management 
Overview 
Remuneration Definition 
The financial & non‐financial extrinsic rewards provided by an employer for the time, skills & effort 
made available by the employee in fulfilling job requirements aimed at achieving organisational 
objectives. 
Remuneration includes both intrinsic & extrinsic rewards which employees receive for performing 
their jobs & both these elements encompass an organisations total remuneration system. 
Remuneration Componen...
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