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:

  1. Long, R. J., & Singh, P. Strategic compensation in Canada (6th ed.). Toronto, ON: Nelson Education, (2018).
    Type: Textbook: ISBN: 978-0-17-665716-1

Assessments

Please be aware that should your course have a final exam, students 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 (Module 3) 15%
Assignment 2: Plastco Packaging (Module 5) 15%
Quiz: (Module 6) 15%
Assignment 3: Establishing Pay and Benefit Plans (Module 9) 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.

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