Performance and Reward Management
Indian Institute of Technology, Kharagpur and NPTEL via Swayam
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Overview
The course will help the students to learn various facets of performance and reward management ranging from its meaning and strategic importance to its implementation and implications for an organization.
INTENDED AUDIENCE: Any interested student
PREREQUISITES: Basic understanding of business managementINDUSTRY SUPPORT: Performance and Reward management are two important pillar of people management in organization. So this course will have strong industry support.
Syllabus
COURSE LAYOUT
Week 1: Understanding meaning of Performance management and reward systems management with an performance management processWeek 2: Developing an understanding as to why performance management and reward management are of strategic importance and their role in strategic planningWeek 3: Implementation of a performance management system; defining performance and choosing a measurement approach and understanding meaning of resultsWeek 4: Implementing a performance management system in your organizationWeek 5: Role of performance management in employee development, addressing performance management skills and teamrewardManagementWeek 6: Overview, reward system, understanding total, strategic and international reward Week 7: Understanding linkage between performance management and reward, an overview of various types of reward; financial reward, non-financial reward; contingent pay scheme bonus scheme; team pay; rewarding for business performance;recognition schemeWeek 8: Valuing and grading jobs, understanding pay levels, job evaluation schemes, equal pay, market rate analysis, designing of grade and pay structureWeek 9 :Rewarding special groups, rewarding directors and senior executives, sales and customer service staff, knowledge workers,manual workersWeek 10:Understanding relevance of employee benefits and pension schemes, employee benefits, flexible benefits, pension schemeWeek 11: Developing and managing reward systems, evaluating reward management, responsibility for rewardWeek 12: Understanding the implications for Performance and Reward Management in the present organizational dynamics with case studiesTaught by
Prof.Susmita Mukhopadhyay
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