In this course we discuss the key concepts and controversies in the design and implementation of strategic reward systems. We start with a brief overview of the relationship between the external environment, business strategy, HRM strategy and systems of reward management.  This leads to a conversation about the conceptual frameworks, theoretical debates and research informing management practice relative to both relational and transactional rewards.  Then we explore the issues of internal and external reward equity in a range of contexts and structure reward responses to address the strategic requirements facing an organization. 

This course serves to examine a range of reward-related factors that affect achievement of organizational success. 

Learning Objectives
  • Discover the relationship between the external environment, business strategy, HRM strategy and systems of reward management.
  • Identify theoretical debates and research informing research management practice.
  • Explore the how to structure reward responses to address the strategic requirements facing an organization

 

 

Last updated/reviewed: March 21, 2024

Included In Certifications

This course is included in the following Certification Programs:

11 CoursesHuman Resources Management (HRM) Certification

  1. Developing an Agile Organization
  2. Human Resources (HR) Strategy Development
  3. Using Data for Human Resources (HR) Decision Making
  4. Leading and Managing People
  5. Becoming an Employer of Choice
  6. Talent Management and Succession Planning
  7. Systems of Strategic Reward Management
  8. Training Design for Return on Investment
  9. Strategic Change Management
  10. Human Resources (HR) Influencing at the Board Level
  11. HR Strategy Development (Article)
4 Reviews (13 ratings)

Reviews

5
Anonymous Author
This course provided an excellent refresher for developing and aligning a total rewards system with organizational strategies. The facilitator shared a wide-ranging and comprehensive review of considerations as well as theoretical concepts, which I found very helpful as it's been a while since visiting these topics. Great supporting materials were also provided!

5
Anonymous Author
I did not expect as much content as what was covered. It was a bit overwhelming to keep up with all of the facts and details that were shared. However, the instructor did a wonderful job of covering all of the information with the audience.

5
Member's Profile
One of the more important topic in HRM. Gets into the mindset of an HR leader well.

5
Anonymous Author
Exploring the employer relationship in relation to rewards was eye opening.

Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Systems of Strategic Reward Management12:45
Systems of Strategic Reward Management
  The Context and Systems of Reward Management10:14
  The Gender Pay Gap9:30
  Theoretical Debates and Research 9:35
  Theories on 'Necessary' Reward10:05
  Rewarding the Employment Relationship9:03
  Addressing Strategic Requirements14:35
  Broadbands13:14
  Composition of Pay10:35
  Competence or Competency?10:03
CONCLUSION
  Conclusion5:15
CONTINUOUS PLAY
  Systems of Strategic Reward Management Full Video1:54:54
SUPPORTING MATERIALS
  Slides: Systems of Strategic Reward ManagementPDF
  Systems of Strategic Reward Management Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam