BPA3202 Performance and reward management

This course aims at equipping learners with the basic knowledge on what reward and compensation management is all about. This chapter starts with an introductory discussion of the concept of reward management and its aims. This is followed by an assessment of how these aims can be achieved, a description of the elements of a reward system and an analysis of the factors that affect reward management. The chapter concludes with a survey of developments in reward management.

Course Objectives
The objectives of this course are: 

• to develop students ‘understanding of the concepts of Rewards and compensation management in an organization. 
• to help students develop and have underpinning knowledge and skills required to understand one of the complex management functions 
• to the basics Rewards and compensation structure and differentials.

Learning outcomes
Upon successful completion of this course, the student will have reliably demonstrated the ability to:

• Design an organization’s performance management process that is compliant with law and supports organizational mission and strategy.
• Compare and contrast various organizational performance management programs and best practices and define attributes of effective performance management systems.
• Employ job-related performance standards and performance indicators that reflect the employee’s range of responsibilities.
• Assess how increased employee involvement can contribute to effective performance and coach employees to identify career paths and resources available to support individual development.
• Identify and communicate appropriate actions with employees (e.g. training and development, wage increase, promotion, bonus etc.) based on their performance strengths and weaknesses.