HR4S014 - Reward Management 01 Sep 2019 - 31 Aug 2027 | Version 1
Associated Module Information
| Module Code: | HR4S014 | ||
|---|---|---|---|
| Module Title: | Reward Management | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Professional Development | ||
| Faculty Sub Group: | Professional Development | ||
| Module Leader: | Kevin Brown, Adam Poole | ||
| Module Team: | |||
| First Intended Intake: | SEP 2019 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 7 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | |||
| HECOS Code Weighting: | |||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 01 Sep 2019 |
| Valid To | 31 Aug 2027 |
Module Aims
The aim of this module is to provide an in-depth treatment of the key concepts and controversies in the design and implementation of employee reward systems, from an International perspective. The module emphasises the critical evaluation of current practice, drawing on theoretical frameworks from organisational behaviour and HRM, examining total reward in an organisational and international context and provide learners with the knowledge and understanding of environments in which reward professionals plan, implement and evaluate employee reward policies to support strategic organisational goals.
Students will develop an ability to think critically and creatively about reward-related factors that affect achievement of organisational success, within their own organisations and others. Including the xamination of the diverse approaches to reward management and be able to critically reflect on the strengths and limitations of these approaches in promoting individual and organisational performance in a fair, reasonable and equitable way. The foundations for pay and benefits management in modern organisations in the private, public and third sectors and how these traditions can be integrated into appropriate strategic designs that provide considerations of relative value and worth, individual and collective contribution and labour markets is examined.
Content Summary
Theoretical and normative approaches to reward management.
The strengths and limitations of approaches to reward in promoting individual and organisational performance in a fair, reasonable and equitable way.
The foundations for pay and benefits management in modern organisations in the private, public and third sectors
The relationship between traditional, contingent and developmental choices of rewards
The use of diagnostic and evaluative skills in designing flexible approaches to reward
The challenges of international and executive pay arrangements.
The relationship between the external environment,
business strategy, HRM strategy and systems of reward management.
Conceptual frameworks, theoretical debates and research informing reward management practice relative to both relational and transactional rewards; including The relevance of theory in reward management; Economic theories of reward: labour market, human capital, efficiency wage, agency, internal labour market, union mark-up, tournament; Social psychological theories of reward: the psychological contract, expectancy and equity; Institutional theories of reward: economic democracy and financial participation, collective bargaining and pay determination.
The strategic and regulatory requirements facing organisations
(This module is mapped to the following CIPD unit(s):
7 RWM – Reward Management)
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 12 |
| Seminar | 20 |
| Practical classes and workshops | 20 |
| Independent Study | 128 |
| Directed Study | 20 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Analyse the theoretical debates and conceptual frameworks which inform reward management and its relationship with the environment and strategic direction of organisations both locally and globally, and critically discuss traditional, contingent and knowledge bases for transactional and relational rewards. |
| LO2 | Critically evaluate key issues in reward management which contribute to the design of internally consistent reward structures that recognise labour market and equity constraints |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Written Assignment (CW) | Practical Written Work 1 | Pay Review (Details to follow), and/or Written production, and curation of an e-magazine that focusses on contemporary forms of reward, both financial and non-financial. | 0 | 6000 | 100 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Practical Written Work 1 | ✔ | ✔ | |