HRM09008 2023 Strategic Reward Management
This module focuses on the role of strategic reward in attracting, motivating and retaining people at work in order to direct the actions and behaviours of individuals, teams and the organisation towards the achievement of organisational goals. It covers the elements required to design, introduce, manage and evaluate effective and fair reward strategies and how the associated policies and practices link and impact on other people practices.
On completion of this module the learner will/should be able to;
Critically evaluate reward strategies and policy frameworks.
Evaluate the impact of reward strategies to attract, motivate and retain talent.
Analyse a range of approaches to reward including total rewards, contingent pay schemes, employee benefits, non-financial rewards and employee benefits.
Analyse pay structures and approaches to establishing pay levels.
Critically discuss the key legal requirements relating to pay and reward.
Critically evaluate the role job evaluation plays in formulating reward decisions.
Analyse the ethical and fairness issues around reward.
Teaching and Learning Strategies
Effective teaching and learning strategies will evolve as the module is delivered However, it is expected that lectures (live, virtual, and/or recorded), videos, guest speakers, group work, problem-based learning, enquiry based learning, reading, research, reflection, workshops and peer review will be core to this module.
Students will participate actively in their own learning and have the opportunity to reflect on their learning progress through Continuous Assessment (100%) throughout the semester. Assessments may vary from a quiz, research, essays, presentation, or other. Feedback will be provided on an ongoing basis.
Students will also have the opportunity to reflect on their learning progress throughout the semester through formative assessments such as in-class discussions, polls and quizzes.
Principles of Universal Design for Learning will be incorporated in the delivery of the module.
A range of Computer- Aided Learning packages are available to support this module (e.g. Moodle, Teams, Panopto etc.)
Module Assessment Strategies
In order to use the module and programme for the CIPD accreditation, students must pass all assessments within the module and must reach the pass mark in all modules.
Students will receive formative feedback such as in class discussions, polls and quizzes. Students will also receive summative feedback on assessments so that they can reflect on their progress and make adjustments in later assessments.
Depending on the learner group the assessments will vary and may be any of the following: group project, presentation (recorded/live or virtual), role play, open-book exam or essay, multiple choice quiz, case study, portfolio, reflective diary, podcast, infographic.
Some of the assessments may be shared with other modules to enhance student learning and assessment. If shared assessment is being used it will be clear to the students which elements of the assessment apply to which modules.
Assessments will be scheduled in conjunction with other modules being taught in the semester. This is so that assessments are spaced out to allow students to adequate time to meet all deadlines.
Actual assessments will be reviewed annually based on student and lecturer feedback and adapted as appropriate.
Repeat assessments will be developed to align with failed components.
1. Reward strategy and policy
- Factors influencing reward
- Strategic alignment
- Reward benchmarking
- Impact of reward to attract, motivate and retain
2. Total Rewards
- Total reward
- Base pay
- Contingent pay
- Employee benefits
- Non-financial rewards
3. Pay structures and approaches to establishing pay levels
- Pay structures
- Incremental pay scales
- Performance appraisal/ performance related pay
- Remuneration committees
- International considerations
4. Ethics and Fairness
- Job evaluation
- Equity and fairness
- Gender pay gap
Coursework & Assessment Breakdown
|Title||Type||Form||Percent||Week||Learning Outcomes Assessed|
|1||Project||Project||Assignment||60 %||Week 13||1,2,3,4,5,6,7|
|2||MCQ *2||Coursework Assessment||Multiple Choice/Short Answer Test||40 %||OnGoing||1,2,3,4,5,6,7|
Online Learning Mode Workload
|Online Lecture||Online||On Line Class||3||Weekly||3.00|
|Independent Learning||Not Specified||Independent Learning||6||Weekly||6.00|
Required & Recommended Book List
2023-01-31 Armstrong's Handbook of Human Resource Management Practice Kogan Page
ISBN 1398606634 ISBN-13 9781398606630
Gain a complete understanding of how to develop all the key areas of the HR function with this one-stop shop handbook by the UK's bestselling HRM author.
2019 Armstrong's Handbook of Reward Management Practice
ISBN 0749484365 ISBN-13 9780749484361
The definitive guide to improving performance through reward and recognition policies and processes by leading human resource management expert Michael Armstrong.
2018-11-29 Human Resource Management Red Globe Press
ISBN 9781352004021 ISBN-13 135200402X
"Macmillan International Higher Education."
2015-10-01 Managing Employee Performance & Reward Cambridge University Press
ISBN 9781107653535 ISBN-13 1107653533
This second edition offers a comprehensive coverage of employee performance and reward, presenting the material in a conceptually integrated way.
2020-01-03 Reward Management Cipd - Kogan Page
ISBN 1789661773 ISBN-13 9781789661774
Gain a thorough understanding of the theory, context and practice of reward management with this CIPD textbook.
2022-05-31 Reward Management Kogan Page
ISBN 1398605298 ISBN-13 9781398605299
Equip yourself with the knowledge and skills to plan, implement and assess an effective reward strategy with this essential guide from the HR Fundamentals series.
2015-03-06 Strategic Reward and Recognition
ISBN 0749472529 ISBN-13 9780749472528
Non-monetary incentives and recognition programmes are an area of employee motivation that is often overlooked. Yet, as Fisher's book reveals, a strategic focus on non-cash rewards can generate significant return on investment in terms of employee engagement, performance improvement and financial results. In the present economic context, with companies pushing to deliver more for less, it is a particularly pertinent issue. Strategic Reward and Recognition brings together theory and practice to guide HR professionals, consultants and senior leaders in developing the most effective programmes for their organizations. It features examples of good practice from all over the world, from different sectors and from both large and small organizations, providing coverage of digital as well as in-person schemes.
People Management; Human Resource Management Journal; Personnel Review; Human Resource Management Review; International Journal of Human Resource Management; Human Resource Planning; Human Resource Development International, Hays Journal,
Book, journal, website, and other resources may alter and extend as the programme progresses. Core texts are available as e versions through the library as are access to many online resources.
Book, journal, website, and other resources may alter and extend as the programme progresses.