cipd advanced award in reward management · • conducting remuneration committee meetings •...

CIPD Advanced Award in Reward Management

Modular programmefrom CIPD Training

Course overview

Who is this course for?

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CIPD Advanced Award in Reward Management Modular programme

Good reward management strategies are very powerful in helping to improve organisational performance. By aligning your reward approach with HR and business strategies, as well as employee needs, your organisation will recruit, retain and engage high quality staff that are best placed to meet business goals.

The CIPD Advanced Award in Reward Management will give you all you need to be your organisation’s reward management expert. You’ll gain relevant, in-depth technical knowledge of reward management and the skills to effectively develop tailored strategies and solutions that support your organisation’s needs.

This unique programme brings the CIPD’s research, knowledge and training expertise together with leading practitioners and consultants in the field, to provide you with a recognised qualification based on leading-edge thinking and highly practical approaches.

This postgraduate qualification is for if you’re a pay and reward specialist or an HR generalist looking to specialise in reward management and gain professional recognition in the field. Typically, you’ll have around three years’ HR experience.

Speak to one of our highly knowledgeable course advisors on +44 (0)20 8612 6202.

For advice or to book call us on +44 (0)20 8612 6202

What you’ll learnThese are the modules you’ll attend as part of this programme:

Module 1: Introductory Webinar (two hours)This workshop will help you understand the structure and requirements of the CIPD Advanced Award in Reward Management programme. It identifies the opportunities, challenges and sources of help and support available. It also covers general aspects of reward management.

By the end of the workshop, you’ll be able to:

• identify the key requirements of the programme• define the components of reward• analyse the links between reward, the organisation and the external environment• explain the factors that influence people to join or leave an organisation• identify the factors that create engagement and motivate employees to deliver high performance• evaluate the skills required of reward specialists.

Module 2: Reward in Context (two-day face-to-face workshop) This practical and interactive module uses case studies to deliver the specialist knowledge needed to align reward strategy with the business, HR and organisational strategy. It addresses the reward environment in which the organisation operates and looks at the resources required to manage reward schemes.

The workshop will cover:

• HR and Reward strategy• Business, HR and reward strategy• Guiding principles and reward philosophy• The impact of scale and sector• The psychological contract, motivation and engagement.

• Managing Reward• Market intelligence and awareness of competitive practice• Employment and discrimination law as it applies to reward programmes, including international differences• Line manager involvement and responsibilities• Diversity and equal pay.

• Communicating reward• Importance, levels and methods of communication• Employee and line management involvement.

• Change Management• Mergers and acquisitions• Due diligence and data rooms• Post-acquisition harmonisation• Public sector change processes in focus• Key change management considerations.



• Executive remuneration• As an influence on the pay environment• The role of the remuneration committee• The UK Corporate Governance Code, NAPF, ABI and RREV, European and international regulations• Annual report of the remuneration committee • Effective use of independent advisers• Conducting remuneration committee meetings• International and sector comparisons.

• Managing risk• Identifying the major risks in reward• Action plans to manage risk.

• The reward function• Alternative approaches to reward function design• Using reward consultants effectively• Career paths.

• Action planning.

Module 3: Base and Variable Pay (two-day face-to-face workshop)

How to structure and manage base pay; design variable pay programmes, and deliver ongoing financial support to your organisation.


• Job evaluation• Pay setting• Pay surveys• Pay progression and equal pay• Individual performance pay• Performance pay practice• Incentive pay• Sales incentives and commission schemes.

Module 4: Benefits, Pensions and Share Schemes (one day face-to-face workshop)

Gain the confidence, knowledge and skills to make an influential contribution to the management of your organisation’s benefit plans, pensions, and share schemes.


• Benefits strategy• Why do companies provide benefit plans?

• Benefit plans in focus• Company cars; insured risk benefits, and case studies

• Flexible benefits• Designing and implementing flexible benefit plans

• Understanding income tax, capital gains and social security taxes• Pensions• Share schemes• Long-term incentive plans (L-TIPs).




Module 5: Global Mobility (one day face-to-face workshop)

Explore the reward related challenges involved in managing a global workforce.


• Policy development• Assignment policy types and trends

• Expatriation compensation• Host and hybrid pay models• Assignment premia and allowances • Cost of living and currency conversion• Managing pay increases

• Tax and social security planning• Vendor management.

What you’ll gain from the programme

What commitment do you need to make?

On completion of the programme, you’ll be able to:

• assess and utilise all the key components of reward management, including contemporary approaches and developments

• diagnose reward issues and determine an appropriate fit between reward schemes and the business and wider external context

• apply reward knowledge and skills with confidence in public, private or voluntary sector settings• optimise the effectiveness of reward budget spending• ensure that pay systems are not discriminatory• develop the reward programme so that it is adaptable and does not become a source of

competitive disadvantage• analyse the relationship between the environment, strategy and systems of reward management• explore the conceptual apparatus and theoretical debates informing reward management• critically discuss traditional, contingent and knowledge bases for transactional and relational rewards• design internally consistent reward structures that recognise labour market and equity constraints• analyse executive and expatriate rewards in an international context.

To be awarded the CIPD Advanced Award in Reward Management, you must:

• attend the introductory workshop and four modules in the order they are listed above • complete an online quiz• successfully complete a 3,000 word assignment• complete independent learning.


Which accreditation will you achieve?

Unique features of this programme

Please note that on successful completion of the programme, you’ll be awarded the CIPD Level 7 Advanced Award in Human Resources and your CIPD Awarding Body certificate will reflect this. An accompanying transcript to the certificate will highlight the specific Award unit studied. Successful completion of a CIPD Award on its own does not lead to a level of CIPD professional membership as an outcome and therefore CIPD Membership is not mandatory to complete the Award. However, we do strongly recommend coming into Membership in order to benefit from the full range of CIPD resources available to members to aid you on the programme and thereafter. You can find details of membership (including fees) here.


Learn from some of the UK’s leading reward management experts – The tutors you’ll meet are reward management specialists who combine academic expertise with years of hands on business and industry experience. They’re passionate about their subject and have proven their ability to facilitate top-quality learning and provide the best possible learning experience.

Unlimited support from your dedicated personal tutor – When you start your programme, you’ll be assigned a personal tutor, who’ll provide support, guidance and encouragement throughout your studies.

‘The tutor was one of the best I’ve experienced. He’s a current practitioner so was able to give relevant context to the subject matter.’

Julia


Comprehensive additional resources – You’ll be given extensive online and offline resources that you can use both while you’re studying and once you’re back at work, including two free textbooks, factsheets, templates, research, surveys, practical tools, and more.

Access to our Virtual Learning Environment (VLE) – You’ll be provided with access to our online VLE, which includes additional learning resources, as well as tips and guidance on how to complete your assignment.

Practical and applicable – This programme focuses on providing you with the knowledge, skills and confidence to apply your learning back at work straight away.

https://www.cipd.co.uk/membership/become-member/fees

Why CIPD Training?

Run this programme in-house

How to enrol

• CIPD Training is one of the UK’s largest providers of HR and L&D training• Credibility and reputation – our high-quality programmes are backed by arguably the most

trusted name in HR and people development, dedicated to championing better work and working lives

• The best tutors – all courses are delivered by world-class practitioners and experienced subject specialists

• Put your learning into practice – take away valuable, practical insights that are applicable to your workplace straight away

• Variety of programmes – we have something for you wherever you are in your professional journey.

The CIPD Advanced Award in Reward Management can also be provided in-house. You choose where and when you want our trainers to deliver. We can also tailor the programme to suit your precise organisation needs. To speak to our customer services team about your particular requirements, call us on +44 (0)20 8612 6202.

For booking and payment questions call us on +44 (0)20 8612 6202 or email [email protected].

To book your place fill in a booking form.


‘The qualification has opened my eyes to the rest of the world again. You learn from the experiences of other people on the course and where they are going, and I think it pushes you again.’

Karen


https://promo.cipd.co.uk/qualifications-booking-form-reward-management-advanced-award/

cipd advanced award in reward management · • conducting remuneration committee meetings •...

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