CIPD Advanced Award – Reward Management (7RWM)
*self funders only
Purpose and aim of module
This module examines total rewards in an organisational and international context and provides learners with the knowledge and understanding of environments in which reward professionals plan, implement and evaluate employee reward policies to support strategic organisational goals. They will acquire both theoretical and normative understanding 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.
Learners will be able to comprehend the relationship between traditional, contingent and developmental choices of rewards, the use of diagnostic and evaluative skills in designing flexible approaches to reward and the challenges of international and executive pay arrangements. Critical reflection on theory and practice from an ethical and professional standpoint and for continuous professional development is required.
This module is suitable for persons who:
- have responsibility for human resource (HR) decision making within an organisation at either operational, tactical or more strategic level
- are HR professionals in a team or HR functional management role who are seeking to enhance and develop their career
- have responsibilities for the HR function and activities within an organisation without a specialist function
- are independent or employed consultants who support organisations in meeting their goals
- have HR career and CIPD professional membership aspirations.
On completion of this module, learners will be able to:
- Analyse the relationship between the environment, strategy and systems of reward management.
- Explore the conceptual apparatus and theoretical debates informing reward management.
- Critically discuss traditional, contingent and knowledge bases for transactional and relational rewards.
- Design internally consistent reward structures that recognise labour market and equity constraints.
- Analyse executive and expatriate rewards in an international context.
- Critically evaluate key issues in reward management.
How is This Course Delivered?
You will work directly with one of our advisers as they support your development with one-to-one guidance tailored to your individual learning needs. Candidates will also have access to materials and resources on our Virtual Learning Environment (VLE).
How is This Course Assessed?
We are also flexible in the way we assess you. You can either complete an assignment or use one of work-based evidence templates.
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