Exploring Reward Essential Insights

Explore the key features of different reward types and their role in supporting organisations to attract, retain and motivate employees.

60-90 minutes

Online self-directed

Essential Insights

Overview

Free for CIPD members and Core Learning Subscribers.

Reward packages reflect an organisation’s culture and values, revealing what it chooses to (and chooses not to) reward through remuneration and/or benefits. Organisations need to ensure that workers are fairly rewarded, and in line with the context and culture, in order to motivate and engage them.

This course provides an ideal introduction to reward for anyone seeking an overview of the topic. It explains types of organisational reward and the importance of clearly articulating an insight-led strategy. It will help individuals understand reward calculations (including international reward approaches) and how the expertise of people managers can impact the effectiveness of the reward strategy. The course also explores future trends of reward, covering social responsibility in the current economic climate.

Learners will be able to apply the programme content in their role to identify the reward benefits available in their organisation, contributing ideas using a reasoned approach.

All CIPD Learning courses will automatically provide you with access to the CIPD Learning Hub, our online learning platform, for 24 months.

The hub will house your course content, as well as useful resources, tools, and a community of professionals that you can tap into to support your learning and continual development.

CIPD Members

You already have access to the features and benefits of the Core Learning Subscription, which includes this course, as part of your membership, access it here.

Objectives:

The purpose of this course is to:

• explain the different types of reward in organisations

• describe how to calculate reward

• explore future trends of organisational reward.

Is this course right for me?

This Essential Insights programme has been developed for anyone curious about reward strategy, as well as aspiring reward specialists. Students, line managers and people professionals will gain confidence in discussing why reward matters, the various types of reward and the importance of ensuring the reward strategy is culturally aligned.