Postgraduate Course: Reward Management (CMSE11175)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course prepares you for all aspects of the human resources area that deal with reward - sometimes termed "pay and benefits" or "benefits and compensation" but, as we shall see, the area goes more widely than these simple titles suggest. It is a vital aspect of any HRM professional's work and at least sometime in you HRM career you can expect these issues to consume a large part of your daily activity. |
| Course description |
Aims, Nature, Context:
The course aims are to provide a survey of current understanding in the field of Reward Management. This to embrace both our theoretical understanding and practical application. The course will comprise a series of 10 teaching and learning sessions during which students will be encouraged to interact. There is a series of exercises accompanying the teaching and learning sessions. In addition, students are encouraged to undertake the multiple choice quiz which accompanies each session. These will help consolidate learning and understanding. The prior week's quiz is the subject of discussion at the beginning of each new session.
Syllabus:
Introducing Employee Reward Systems; Conceptual and Theoretical Frameworks
The Legal, Employment Relations and Market Context
Base Pay Structures and Relationships; Pay Setting, Composition and Progression
Variable Pay Schemes
Benefits and Pensions
Non-Financial Reward and Total Reward
Rewarding Directors and Executives
International Reward Management
Employee Reward within HRM
The course objectives are:
To acquaint you with the various aspects of HRM that relates to reward
To provide a working understanding of each dimension of reward that must be dealt with
To leave students with a working knowledge and a confidence to tackle these various areas.
Student Learning Experience:
Students will in addition to the material covered in lecture, have the opportunity to pursue a reward-related research topic on their own.
Tutorial/seminar hours represent the minimum total live hours - online or in-person - a student can expect to receive on this course. These hours may be delivered in tutorial/seminar, lecture, workshop or other interactive whole class or small group format. These live hours may be supplemented by pre-recorded lecture material for students to engage with asynchronously.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2021/22, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Seminar/Tutorial Hours 15,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
132 )
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| Additional Information (Learning and Teaching) |
Seminar/Tutorial hrs are the min total live hrs, online or in-person, students can expect to receive
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
40% coursework (group) - assesses all course Learning Outcomes
60% coursework (individual) - assesses all course Learning Outcomes
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| Feedback |
Formative:
Weekly Multiple Choice Quizzes on each week's material.
Feedback on in-class Reward Management tutorial-linked exercises.
Summative:
Feedback on group assignment.
Feedback on individual assignment. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Analyse the relationship between the environment, strategy and systems of reward management, critically evaluating the key issues in 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.
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Reading List
Stephen J Perkins and Sarah Jones (2020) Reward Management: Alternatives, Consequences and Contexts, CIPD - Kogan (Paperback) ISBN-10: 1789661773; ISBN-13: 978-1789661774. (4th edition, 2020).
Resource List:
https://eu01.alma.exlibrisgroup.com/leganto/public/44UOE_INST/lists/26181425420002466?auth=SAML |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills:
Analyse the relationship between the environment, strategy and systems of reward management.
Critically discuss traditional, contingent and knowledge bases for transactional and relational rewards.
Appreciate the importance of appropriate policies in areas out with the field of remuneration as means of enhancing performance.
Critically evaluate key issues in reward management.
Identify the ideological premises or theoretical assumptions underlying current reward and performance initiatives.
Subject Specific Skills:
Design internally consistent reward structures that recognise labour market and equity constraints
Analyse executive and expatriate rewards in an international context.
Discuss critically the efficacy of current managerial strategies in the areas of pay and performance.
Appreciate the complexities and limitations of seeking to enhance performance via reward systems.
Explain the divergence between policy and practice with respect to reward and performance management.
Appreciate that managerial goals pursued through reward and performance initiatives need not always correspond to the formal rationality of such initiatives
Discuss the issues among peers, both communicating their own ideas and critically assessing those of others;
Present a critical and well-structured account of the topics covered in an examination setting
Transferable Skills
Be able to competently communicate and exchange ideas in both large and small group settings;
Be able to critically evaluate evidence and present a balanced argument;
Be able to plan, organise and prioritise work effectively. |
| Keywords | HRM-RM |
Contacts
| Course organiser | Prof Brian Main
Tel: (0131 6)50 8360
Email: Brian.Main@ed.ac.uk |
Course secretary | Miss Lauren Millson
Tel: (0131 6)51 3013
Email: Lauren.Millson@ed.ac.uk |
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