This report, submitted as part of a CIPD assessment, explores the multifaceted aspects of reward and performance management within organizations. Task One delves into the impact of reward approaches and packages, examining principles such as fairness, consistency, equity, and transparency. It analyzes the implementation of reward policies, the influence of people and organizational performance on reward strategies, and the merits of various benefits, including extrinsic and intrinsic rewards. The report further investigates benchmarking data to inform reward approaches, covering business context, data gathering, and legislative requirements. Task Two focuses on performance management approaches, the role of people practices in supporting line managers, and how managers make reward judgments. The report incorporates figures and references to support its findings, demonstrating a comprehensive understanding of reward systems and their contribution to organizational culture and performance.