HRM5055 – Comprehensive Reward Systems: Designing Effective Compensation Models

HRM5055 is designed to provide students with a deep understanding of compensation systems within organizations, with a focus on both direct and indirect rewards. The course examines how effective compensation strategies can help attract, retain, and motivate employees, improving overall organizational performance.

Course Overview:

In this course, students will learn how to design reward systems that align with organizational goals while motivating employees to perform at their best. The course covers essential components of a compensation system, including:

Base pay and variable pay models.
Incentives and bonuses for performance-based rewards.
Benefits packages, including healthcare, retirement plans, and other perks.

Students will explore the strategic value of compensation and its impact on employee satisfaction, engagement, and retention. Special attention will be given to the importance of equity and fairness in pay decisions and the legal considerations involved in compensation management.

Key Learning Outcomes:

Understand the components of a comprehensive compensation package.
Learn how to design reward systems that motivate and retain top talent.
Gain an understanding of total rewards strategies, including incentives, benefits, and workplace perks.

By the end of the course, students will be equipped to design compensation packages that not only attract talent but also foster long-term organizational success.

HRM5060 – Sourcing and Managing Talent in the Workplace: Developing Effective Workforce Strategies

HRM5060 provides a thorough exploration of talent acquisition, workforce planning, and performance management. This course prepares students to address the challenges of sourcing and managing talent effectively in today’s competitive job market.

Course Overview:

Students will learn how to create effective talent management strategies, including recruitment, onboarding, and talent mobility programs. The course also covers strategies for ensuring that organizations hire the best-fit candidates, develop them into strong performers, and manage their career progression. Key topics include:

Workforce planning and forecasting talent needs.
Recruitment strategies, including diversity and inclusion efforts.
Performance management systems for ongoing development and feedback.

Additionally, students will gain insight into how to manage employee performance, assess skill gaps, and provide opportunities for employee growth and advancement.

Key Learning Outcomes:

Understand the principles of talent sourcing, from recruitment to onboarding.
Learn how to develop and implement workforce planning strategies.
Master techniques for performance management and employee development.

By the end of this course, students will have a comprehensive understanding of how to attract, develop, and retain talent while ensuring alignment with organizational objectives.