Total Reward Design and Management

Applications Open: 01 October 2024

Applications Close: 15 November 2024

Next Available Intake: January 2025

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1392 View More Details on Fees

Area of Interest: Management

Schemes: Alumni Continuing Education (ACE)

Funding: SkillsFuture

School/Department: S R Nathan School of Human Development

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Synopsis

This course aims to provide a broad understanding of reward policy and philosophy that is coherently designed to meet the organization’s strategic competitive advantage. Students will learn concepts of best pay practices, pay alignment, benchmark pay system, compensation strategy for special groups, international compensation for expatriates, government and union influences on reward practices.

Level: 3
Credit Units: 5
Presentation Pattern: EVERY REGULAR SEMESTER

Topics

Introduction to total reward design and management
Internal pay alignment
External pay competitiveness
Employee contributions
Extending the reward system
Managing the reward system

Learning Outcome

Illustrate the pay model concept
Recommend strategic objectives for total reward design and management
Judge the outcomes required from various strategic pay considerations at organizational level
Contrast concepts like best pay system, internal pay alignment, benchmarking pay, and performance based pay
Illustrate the reward policy choices at the organizational as well as international pay systems
Examine the impact of government policy, market forces and union roles in total reward design and management

Full-time Programmes Part-time Programmes / CET Courses

Singapore University of Social Sciences

Total Reward Design and Management