Short Courses
The course introduces students to pay and reward management issues. It provides a definitive overview of the reward process detailing the key role that compensation plays in communicating values, promoting flexibility and maximising individual contributions to organisational objectives. This course examines the theories, practices and debates in contemporary reward and compensation systems management, with special reference to the trends advocating a move away from 'traditional' pay-for-position to performance-related remuneration at individual, work group and organisational levels.
Topics include: Introduction to compensation and rewards system; total compensation strategy; theories of motivation and rewards systems; internal pay structures; how to determine compensation salary levels.
By the end of this course, the student should be able to know:
- determinants and consequences of compensation.
- considerations in rewarding individual and team contributions
- key issues in managing employee reward systems
- develop appropriate reward and compensation policies.
- establish factors to consider when developing a compensation structure.
- identify links between compensation objectives and business strategy.
- discuss the role of compensation in attracting, motivating, and retaining a high-quality workforce.
