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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.
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.
Start Course NowModules
Overview of Performance Management and Reward Systems Management
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Overview of Performance Management and Reward Systems Management - Learning Outcomes
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Introduction to Performance Management
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Key Concerns for Performance Management System
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Reward Systems
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Prerequisites for a Performance Management Process
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Effective Performance Plan
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Overview of Performance Management and Reward Systems Management - Lesson Summary
The Role of Performance Management and Reward Systems Management
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The Role of Performance Management and Reward Systems Management - Learning Outcomes
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Strategic Planning
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Linking Performance Management to Strategic Planning
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Environmental Analysis
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Strategy
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Effective Performance Management System
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The Role of Performance Management and Reward Systems Management - Lesson Summary
Implementation of a Performance System
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Implementation of a Performance System - Learning Outcomes
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Performance Dimensions
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Measuring Results and Behaviours
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Communication Plans
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Appeals Process
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Frame of Reference Training
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Implementation of a Performance System - Lesson Summary
Implementing Performance Management System (PMS) in an Organization
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Implementing Performance Management System in an Organization - Learning Outcomes
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The Need for PMS
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Traditional Methods of PMS
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Modern Methods of PMS
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Modern Methods of Assessment
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Performance Appraisal Outcomes
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Implementing Performance Management System in an Organization - Lesson Summary
Performance Management in Employee Development
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Performance Management in Employee Development - Learning Outcomes
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Learning Opportunities
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Qualities of a Good Coach
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Financial and Non-Financial Rewards
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Small Group Incentive
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Relational Rewards
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Performance Management in Employee Development - Lesson Summary
Overview of Reward Systems
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Overview of Reward Systems - Learning Outcomes
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Total Reward and Engaged Performance
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Strategic Reward
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Laws and Regulations
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Global Reward Management
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Allowances
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Overview of Reward Systems - Lesson Summary
Advanced Diploma in Performance and Reward Management - First Assessment
Rewards for Business Performance
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Rewards for Business Performance - Learning Outcomes
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Theories of Pay Level
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Incentives
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Individual Level Plan
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Employee Benefits
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Flexible Benefits
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Future Trends
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Rewards for Business Performance - Lesson Summary
Valuing and Grading Jobs
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Valuing and Grading Jobs - Learning Outcomes
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Pay Levels
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Job Evaluation
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Job Evaluation Methods
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Market Rate Analysis
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Equal Pay Structures
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Valuing and Grading Jobs - Lesson Summary
Rewarding Special Groups
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Rewarding Special Groups - Learning Outcomes
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Rewarding Directors and Executives
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Executive Pay
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Schemes for Rewarding Executives
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Rewarding Sales and Customer Service Staff
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Rewarding Knowledge Workers
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Rewarding Manual Workers
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Rewarding Special Groups - Lesson Summary
Relevance of Employee Benefits
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Relevance of Employee Benefits - Learning Outcomes
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7th Pay Commission
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Post-Retirement
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Retirement Benefits
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New Pension System
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Atal Pension Yojana
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Relevance of Employee Benefits - Lesson Summary
Developing and Implementing Reward Systems
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Developing and Implementing Reward Systems - Learning Outcomes
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New Reward System
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Stages of Development and Implementation Program
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Components of Reward Management
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Cost of Development and Implementation
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Evaluating Reward Management
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Developing and Implementing Reward Systems - Lesson Summary
Case Studies
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Case Studies - Learning Outcomes
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Conflict of Interest
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Performance Appraisal
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Adobe Systems
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Case Studies - Lesson Summary
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.
