Reward for Performance and Contribution from edX

Rewards are a fundamental aspect of human motivation, and the workplace is no exception. While traditional compensation packages are important, successful organisations are rethinking their rewards strategies to align with the needs of today's workforce.

This course delves deep into the world of rewards and recognition, going beyond the basics of salary and benefits. You'll explore how to design a strategic programme that not only attracts and retains talent but also fuels performance and fosters a positive work environment.

What you’ll learn:

Strategic rewards: Design a strategic rewards programme to motivate and retain top talent.
Exploring data: Analyse market data to inform your rewards strategy and stay competitive.
The right rewards: Make data-driven decisions about rewards and compensation packages.
Helping your team: Support line managers in making fair and consistent reward decisions.

This is a five-week, intermediate, self-paced course and delivered through engaging content, making it easy to fit into your busy schedule.

Enrol today and take your HR career to the next level!

What's inside

Learning objectives

Week 1: making rewards meaningful
Week 2: reward-based performance

Week 3: putting rewards into context
Week 4: the right value of every job

Week 1: making rewards meaningful
Week 2: reward-based performance
Week 3: putting rewards into context
Week 4: the right value of every job

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what should give you pause

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This is an intermediate-level course. It is designed for experienced professionals

This course is designed for HR professionals and HR managers

Other managers and executives may also take this course

Reviews summary

Strategic rewards for hr professionals

According to learners, this course offers a largely positive experience, particularly for HR professionals and managers looking to enhance their understanding of compensation and performance. Students find the content to be practical and highly relevant, especially in designing strategic rewards programs and applying data analysis for competitive strategies. While many appreciate the self-paced format and well-structured material, some recent feedback suggests a desire for more interactive elements and a deeper dive beyond foundational topics, especially for those with prior experience. Overall, it's considered a valuable resource for modernizing reward strategies.

Flexible learning structure fits busy professional schedules.

"The self-paced format worked well with my busy schedule."

"The engaging content makes it easy to fit into your busy schedule."

"I found the self-paced nature allowed me to learn at my own speed effectively."

Helps in developing strategic and data-driven reward programs.

"This course truly helped me refine our company's rewards strategy."

"Excellent course! ... It completely changed how I approach performance incentives."

"I liked the focus on data-driven decisions and how to make rewards meaningful."

Focuses on real-world applicability of reward strategies.

"The module on data analysis was particularly insightful, providing practical tools I could immediately apply."

"The content is practical, relevant, and well-explained. It gave me a fresh perspective..."

"I learned how to use practical tools and strategies that I could apply immediately to my work."

Debate on whether it truly moves beyond fundamental concepts.

"I was disappointed. The course promised to go 'beyond the basics' but much of it was fundamental."

"As someone with experience, some topics felt like a refresher, but there were still valuable insights."

"For experienced professionals, some modules might rehash familiar ground rather than push new boundaries."

Some desire more interactive elements and case studies.

"The content is relevant, but the delivery could be more engaging. ... I would have appreciated more interactive elements or forum activity."

"Some parts felt a bit theoretical, and I wished for more real-world case studies..."

"I felt the course could benefit from more dynamic discussions and practical exercises."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Reward for Performance and Contribution with these activities:

Review Compensation and Benefits Concepts

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Warm up with compensation and benefits concepts to build foundational knowledge for the course.

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Review notes from an undergraduate course in human resources or compensation management.
Review textbook chapters on compensation and benefits.
Complete practice problems or quizzes on compensation and benefits concepts.

Review basic rewards concepts

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By reviewing basic rewards concepts, you will recall key principles which will refresh your knowledge on the topic when you start the course.

Browse courses on Rewards

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Review chapters on rewards from your introductory HR textbook
Take a practice quiz on rewards concepts

Complete practice problems on reward calculations

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Completing practice problems on reward calculations will strengthen your understanding of how rewards are determined.

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Review the formula for total rewards
Solve practice problems on calculating bonuses and incentives

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Explore emerging trends in rewards management

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By exploring emerging trends in rewards management, you will stay current on the latest industry practices and research.

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Follow industry leaders on LinkedIn and read their articles on rewards trends
Attend a webinar on emerging trends in rewards management

Design a sample rewards and recognition programme

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By designing a sample rewards and recognition programme, you will apply the concepts you learn in the course to a practical scenario.

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Identify reward and recognition goals and objectives
Conduct a needs assessment to determine employee needs and preferences

Participate in a discussion group on rewards and performance management

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Participating in a discussion group on rewards and performance management will allow you to exchange ideas and learn from others' experiences.

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Join a discussion group on a platform like LinkedIn or Reddit
Participate in discussions and ask questions on rewards and performance management

Read 'The Future of Rewards' by David Green

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Reading 'The Future of Rewards' by David Green will provide you with valuable insights and perspectives on the latest trends and challenges in rewards management.

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Chapter summaries and discussion questions

Contribute to the open-source project 'Rewards Hub'

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Contributing to the open-source project 'Rewards Hub' will allow you to gain hands-on experience in rewards management and contribute to the community.

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Review the 'Rewards Hub' GitHub repository
Identify areas where you can contribute your skills and expertise

Career center

Learners who complete Reward for Performance and Contribution will develop knowledge and skills that may be useful to these careers:

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Reward for Performance and Contribution

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Reviews summary

Strategic rewards for hr professionals

Activities

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