HRM40730 Reward Management

Academic Year 2021/2022

In most businesses, pay and pay-related issues (such as pension schemes) make up a substantial share of the total costs involved in running a business. Managing this aspect of human resources has become more complex as businesses look increasingly for value for money, have growing expectations of what employees can contribute to the business, and engage in competition for talent. This module examines critical areas of reward management from both a theoretical and a practice perspective, in such areas as the determination of basic and variable pay; the relationship between reward, motivation, engagement and high performance; the importance of non-financial rewards; and the composition of `total reward'. It also examines the links between the reward, HR and overall business strategies and the consequences of choices made in one or other of these areas.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module, students should have an understanding of the key components of a reward management system and their inter-relationships. In particular, students should have achieved an appreciation of the following: basic pay, pay progression, variable pay, profit sharing , benefits policy and non-financial rewards. The link between reward, motivation and performance. What is meant by a strategic approach to reward. How to assess and design pay and benefits surveys.

Student Effort Type Hours
Lectures

24

Small Group

12

Specified Learning Activities

102

Autonomous Student Learning

112

Total

250

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: < Description > Throughout the Trimester n/a Graded No

100


Carry forward of passed components
No
 
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Spring
     
Lecture Offering 1 Week(s) - 19, 20, 21, 22, 23, 24, 25, 28, 29, 30, 31, 32 Wed 10:00 - 11:50

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