HRMN 4831: Total Rewards
Students develop an understanding of the different rewards systems available to employers to attract, motivate and retain qualified employees. The topics include impact of rewards on attraction, retention and performance management; strategic framework for compensation; behavioural framework for compensation; components of compensation strategy; formulating rewards and compensation strategies; job evaluation; evaluating the labour market and individuals; designing base pay, performance pay and indirect pay plans; and implementing, managing, evaluating and adapting compensation systems.
Learning outcomes
- Recognize the impact of rewards on attraction, retention and performance management.
- Discuss the impact of the environment, business strategy and workforce on compensation.
- Evaluate the relationship of strategic and behavioural theories with compensation design.
- Describe the components of compensation strategy.
- Evaluate the relationship amongst the components of total rewards.
- Formulate a reward and compensation strategy.
- Describe the different options and rationale for compensating special groups.
- Analyze the content and base pay structure of jobs.
- Evaluate the labour market and the individual with regard to compensation.
- Design reward and compensation systems with appropriate pay plans.
- Describe how to implement, manage, evaluate and adapt a compensation system
Course topics
Module 1: Impact of Rewards on Attraction, Retention and Performance Management
Module 2: Strategic Framework for Compensation
Module 3: Behavioural Framework for Compensation
Module 4: Components of Compensation Strategy
Module 5: Formulating Rewards and Compensation Strategies
Module 6: Job Evaluation
Module 7: Evaluating the Labour Market
Module 8: Evaluating Individuals
Module 9: Designing Base Pay, Performance Pay and Indirect Pay Plans
Module 10: Implementing, Managing and Evaluating Compensation Systems
Required text and materials
The following material is required for this course:
- Long, R. J., & Singh, P. (2021). Strategic compensation in Canada (7th ed.). Toronto, ON: Top Hat.
Type: Textbook: ISBN: 978-1-77-412844-2.
Assessments
Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact exams@tru.ca with any questions about this.
To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory exam.
| Assignment 1: Employee Motivation Essay | 15% |
| Assignment 2: Case Study | 15% |
| Quiz | 15% |
| Assignment 3: Establishing Pay and Benefit Plans | 15% |
| Final Exam (mandatory) | 40% |
| Total | 100% |
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.
