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BUS818Management Sciences2 Unitsintermediate

Reward and Compensation Management

This course, Reward and Compensation Management, equips learners with a foundational understanding of reward systems within organizations. It explores the aims, objectives, and elements of reward management, including total reward strategies and their impact on employee motivation. The course also covers job evaluation methods, performance management, and the legal considerations of equal pay. It is designed to develop the knowledge and skills required to effectively reward and compensate employees.

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150h
Study Time
13
Weeks
12h
Per Week
basic
Math Level
Course Keywords
Reward ManagementCompensationMotivationJob EvaluationTotal Reward

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Reward Management

2

Total Reward

3

Motivation Theories

4

Job Evaluation

5

Performance Management

6

Compensation Design

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Compensation Manager

Apply your skills in this growing field

HR Manager

Apply your skills in this growing field

Benefits Administrator

Apply your skills in this growing field

HR Consultant

Apply your skills in this growing field

Recruitment Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Human ResourcesManagement ConsultingFinancial ServicesTechnologyHealthcare

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1:

2h

Unit 1: The concept, aims and objectives of Reward management

2 study hours
  • •Read Unit 1: Understand the concept, aims, and objectives of reward management.
  • •Define reward management and its importance in organizational success.
  • •Analyze the principles of fairness, equity, consistency, and transparency in reward systems.
Week
2

Module 1:

2h

Unit 2: Value, system and components of reward management

2 study hours
  • •Study Unit 2: Explore the value, system, and components of reward management.
  • •Examine the relationship between reward value and employee motivation.
  • •Identify the key components of an effective reward system.
Week
3

Module 1:

2h

Unit 3: The elements of reward system

2 study hours
  • •Review Unit 3: Identify the elements of a reward system.
  • •Discuss the role of business strategy in shaping reward systems.
  • •Analyze the importance of performance management and financial rewards.
Week
4

Module 1:

2h

Unit 4: Strategies and levels of reward strategy

2 study hours
  • •Study Unit 4: Examine strategies and levels of reward strategy.
  • •Compare external competitiveness and internal equity in reward strategies.
  • •Discuss the use of job evaluation and achieving equal pay.
Week
5

Module 2:

2h

Unit 1: The nature and context of Total reward

2 study hours
  • •Read Unit 1: Understand the nature and context of total reward.
  • •Differentiate between transactional and relational rewards.
  • •Analyze the components of a total reward system.
Week
6

Module 2:

2h

Unit 2: Reasons and principles of total reward

2 study hours
  • •Study Unit 2: Explore the reasons and principles of total reward.
  • •Discuss the importance of fairness, equity, and transparency in total reward systems.
  • •Analyze the relationship between total reward and employee engagement.
Week
7

Module 2:

2h

Unit 3: Learning, Development and components of total reward

2 study hours
  • •Review Unit 3: Learning, Development and components of total reward.
  • •Discuss the role of learning and development in total reward.
  • •Analyze the components of a total reward system.
Week
8

Module 2:

2h

Unit 4: Work Environment

2 study hours
  • •Study Unit 4: Examine the impact of the work environment on total reward.
  • •Discuss the importance of core values, leadership, and employee voice.
  • •Analyze the relationship between work/life balance and employee satisfaction.
Week
9

Module 3:

2h

Unit 1: Concepts and types of motivation

2 study hours
  • •Read Unit 1: Understand the concepts and types of motivation.
  • •Differentiate between extrinsic and intrinsic motivation.
  • •Analyze the factors affecting motivation in the workplace.
Week
10

Module 3:

2h

Unit 2: Theories of motivation

2 study hours
  • •Study Unit 2: Explore the theories of motivation.
  • •Discuss Maslow's hierarchy of needs and Herzberg's two-factor model.
  • •Analyze the implications of these theories for reward management.
Week
11

Module 3:

2h

Unit 3: Motivation and financial incentives as they affect reward

2 study hours
  • •Review Unit 3: Motivation and financial incentives as they affect reward.
  • •Discuss the role of financial incentives in motivating employees.
  • •Analyze the relationship between money and motivation.
Week
12

Module 3:

2h

Unit 4: Motivation, Job satisfaction and Performance

2 study hours
  • •Study Unit 4: Examine the relationship between motivation, job satisfaction, and performance.
  • •Discuss the factors that contribute to job satisfaction.
  • •Analyze the impact of motivation on employee performance.
Week
13

Course Review

4h

Final Revision

4 study hours
  • •Review all modules and units.
  • •Work on assignments and prepare for final examination.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a study schedule allocating specific time slots for each module and unit.

2

Summarize key concepts and theories from each unit to aid recall.

3

Practice applying job evaluation methods to sample job descriptions.

4

Review case studies on successful and unsuccessful reward systems.

5

Focus on understanding the legal frameworks related to equal pay and discrimination.

6

Create concept maps linking motivation theories to reward management practices.

7

Review all Tutor-Marked Assignments (TMAs) and their feedback.

8

Practice answering past exam questions under timed conditions.

9

Prioritize studying peak difficulty units identified in the course guide.

10

Create flashcards for key terms and definitions.

11

Participate in online forums or study groups to discuss challenging concepts.

12

Allocate extra study time to areas where you feel less confident.

13

Take regular breaks during study sessions to maintain focus and prevent burnout.

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