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This course aims to provide students with a comprehensive understanding of Global Resourcing, Talent and Reward Management.

After the successful completion of this course, you will understand the following;

Relationship between Talent Performance and Reward Management:

• Impact of reward management on performance.
• Relationship between talent and performance management.
• Performance management cycle.
• Goal setting theory.
• Expectancy theories.
• External and Internal Factors influencing reward management.
• Linking HRM Strategy with Reward Management.
• Linking Reward management with L&D Strategy.

Understanding the Performance and Reward Management System:

• Reward management System.
• Design of reward system.
• Reward management process.
• Relationship with strategic planning.
• Impact on employee and organisational performance.
• Benchmark Data.
• Barriers to effectiveness.

Effective Talent Sourcing and Retention:

• War for Talent and talent Types.
• Competency-based Management.
• Four Stages of Competence.
• Competency Architecture.
• Recruitment and Retention.
• Succession Planning and its Process

Employee Reward Management and Payment Systems:

• The Fundamental Purposes of Reward Management.
• Influential Theories of Work Motivation and their implications for the Design of Reward Systems.
• Individual performance-related pay (PRP) systems.
• Contemporary approaches in Reward Management.

Introduction to Talent Management:

• The concept, purpose and benefits of Talent Management.
• The Financial Value of Talent Management.
• The Talent Management Process.