HRM09008 2023 Strategic Reward Management

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.

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.)

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

• Legislation
• Job evaluation
• Ethics
• Equity and fairness
• Gender pay gap