Diploma for Performance and Reward Management System | Alison
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Advanced Diploma in Performance and Reward Management

Learn about the roles of performance and reward management systems in an organization with this free diploma course.

Leadership and Management
Free Course
This free diploma for performance and reward management course gives you some great insights into the concept of performance management systems from the key components, guiding principles, and characteristics of an ideal performance management system. You will learn about employee benefits and individual incentive level plans. By the end of this course, you will be better equipped at grading jobs. These are great skills, so get started, today!
  • Duration

    20-30 Hours
  • Certification

    Yes
  • Mobile Friendly

    Yes
  • Publisher

    NPTEL
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

Advanced Diploma in Performance and Reward Management is a free online course that begins by introducing you to the meaning of performance management as well as the key components and guiding principles of performance management. You will learn about the aims and objectives of a performance management system. You will also be familiar with the challenges in implementing a performance management system and the reasons behind a poorly implemented performance management system. You will be able to explain the outcomes of performance appraisal and the appropriate methods employed in managing underperformers.

The course then explains the concept of strategic reward management along with the significance of having fundamental values. You will gain an understanding of the purpose of reward strategy as well as the important link between the HR strategy, reward strategy, and the line management capability. Next, you will learn about important laws and regulations, the components of the Hay group engaged performance model, and the concept of the broad brush reward strategy.

Furthermore, you will get familiar with the significance of valuing and grading jobs as well as the determination of pay levels. You will be able to explain the relevance of employee benefits and pension schemes. This free online course will be of great interest to students, researchers, and anyone with an interest in organizational management. So, register for this course and start your next learning journey today.

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Modules

Overview of Performance Management and Reward Systems Management

The Role of Performance Management and Reward Systems Management

Implementation of a Performance System

Implementing Performance Management System (PMS) in an Organization

Performance Management in Employee Development

Overview of Reward Systems

Advanced Diploma in Performance and Reward Management - First Assessment

Rewards for Business Performance

Valuing and Grading Jobs

Rewarding Special Groups

Relevance of Employee Benefits

Developing and Implementing Reward Systems

Case Studies

Advanced Diploma in Performance and Reward Management - Second Assessment

Course assessment

Learning Outcomes

By the end of this course, you will be able to:


  • Define performance management
  • Explain the aims and objectives of a performance management system
  • Outline the guiding principles of performance management
  • Describe the concept of total reward
  • Analyze the complexity, choices and challenges in the global pay level 
  • Discuss the various approaches to rewarding special groups
  • Explain the highlights of the recommendations of the 7th Pay Commission in India
  • Outline the stages after the retirement of an employee
  • Explain the various stages of development and implementation program

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world. Your Alison Diploma is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Diplomas for completed Diploma courses:

Digital Diploma - a downloadable Diploma in PDF format, immediately available to you when you complete your purchase
Diploma - a physical version of your officially branded and security-marked Diploma, posted to you with FREE shipping
Framed Diploma - a physical version of your officially branded and security-marked Diploma in a stylish frame, posted to you with FREE shipping

All Diplomas are available to purchase through the Alison Shop. For more information on purchasing Alison Diplomas, please visit our FAQs. If you decide not to purchase your Alison Diploma, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Diploma pricing, please visit our Pricing Page.

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