CIPD Level 7 Advanced Specialist Unit: Strategic Reward Management
This is one of eight units required for the Advanced Diploma in Strategic People Management.
Summary
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Overview
The unit focuses on the role of strategic reward in attracting, motivating and retaining people at work in order to direct the actions and behaviours of individuals, teams and the organisation towards the achievement of organisational goals. Different financial and non-financial benefits will be applicable depending on the organisational context, but these must always be fair and equitable. The unit contains the elements required to design, introduce, manage and evaluate effective and fair reward strategies and how the associated policies and practices link and impact on other people practices.
This is a specialist unit under the CIPD Advanced Diploma in Strategic People Management. You must complete all 8 units to get certified for the full Diploma.
Certification
CIPD Level 7 Advanced Diploma in Strategic People Management
Description
You will examine the key factors that influence the design of reward policy. Understanding of organisational strategy and variables is key and you will critically justify the value of benchmarking and reward strategy choices. You will develop in-depth understanding of the total rewards approach and the impact of base and incremental pay and benefits in attracting and motivating employees. You will assess the benefits and challenges of performance appraisal and its links to pay progression. Finally, you will examine the ethical issues that may arise from forms of reward and how the principles of transparency and equity are the cornerstones of responsible and effective approaches to reward.
Learning outcomes
On completion of this module, learners will be able to:
- Understand effective reward strategies and policy frameworks.
- Understand the value of a ‘total rewards’ approach.
- Understand pay structures and approaches to establishing pay levels.
- Understand the importance of organisational approaches to compliant and ethical reward practice.
Who is this course for?
You may be an experienced people practitioner who cannot commit to the full CIPD Diploma programme or you may wish to undertake this unit to challenge yourself and deepen your understanding in a certain area of HR. Or you may be looking to get a taster for what to expect from a CIPD Level 7 Qualification.
Contact us and our friendly advisers would be happy to discuss your career goals and the assessment requirements and ensure this the right pathway for you.
Requirements
You don’t need formal qualifications but ideally you will have a relevant degree or HR or line management experience.
Contact our expert team, who will be happy to offer advice on what is right for you and get you started on developing the knowledge and skills you need to help you on your way to achieving your career ambitions.
Career path
Studying towards the Advanced Diploma in Strategic People Management will ensure you fulfil your potential. Upon completion of this unit you will have completed one of the units needed to achieve the CIPD Level 7 Advanced Diploma in Strategic People Management, which can help you become a Chartered Member of the CIPD. You won’t receive the full qualification until all 8 units have been completed.
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Provider
Helping to shape the future of the people profession, one person at a time.
Watson Martin has been providing CIPD qualifications for individuals and corporate clients since 2004 and has supported thousands of candidates to successfully complete their qualifications. We are the only provider to offer all specialist units across all levels and all modes of delivery.
Candidates are supported throughout their studies by a dedicated adviser who has an unparalleled depth of HR knowledge and experience that brings the academic weight required for any learning project. The character and spirit of our team drives us to help our candidates achieve their goals and we are proud of our outstanding status and excellent pass rates.
Our approach to learning
- Learner centred delivery encompassing all study modes to ensure as much flexibility as possible to suit study patterns and circumstances.
- Individual support throughout the candidate journey from subject matter experts.
- Offering qualifications and a learning experience of the highest quality.
- Delivering great service and tailoring our approach to give candidates the best chance to succeed.
- Enabling learners to add value to their organisation through their studies.
- Providing wider opportunities for CPD through our Learning Bites series, guest speakers and information sessions.
What makes Watson Martin unique?
The only provider specialising in CIPD delivery - With over 100 years delivery experience and 334 years practitioner experience amongst the team.
The only provider to offer all units - Which in turn allows greater choice to suit different contexts and clients.
Shaping programmes around candidate needs - The flexibility to shape programmes to suit individual circumstances and ensure personalised support.
Curated and created content - Curated materials and in-house study guides developed by our team of experts.
One-to-one support throughout - With support and guidance from experienced HR/L&D practitioners regardless of the level and mode of study.
CIPD qualified experts - We don’t rely on associates to deliver our programmes. Our advisers are employed and the majority are either Chartered Members or Fellows of the CIPD.
Reviews
"Thank you to the Watson Martin team and especially Melanie for supporting me through the CIPD Level 7. I found the course easy to navigate and lots of information was provided, including on the VLE. Melanie was very helpful, advising on structure and content of the essays and ensuring I passed the modules. I felt I could always discuss with her and get something useful out of the discussions." Laura Martin
"Joseph is a very engaging and knowledgable trainer. The course was really interactive and a small group which I liked." Emilia Paul.
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Legal information
This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
