Section outline

  • 1. Aim of the unit:

    The aim of this unit is to provide you with understanding of concepts, components, and design strategies of competitive total compensation and benefits programs which is aligned with employee performance

    2. Indicative content:

    This unit is designed to cover:

    1. Basic compensation concepts and the context of compensation practice

    2. Components of total compensation rewards and benefits management

    3. Management and evaluation of total compensation

    4. Compensation strategy, competitive salary structure and pay for performance

    3. Unit Learning Outcomes:

    At the end of this unity, you will be able to:

    1. Explain the meaning and importance of compensation and benefits

    2. Identify internal and external factors which determine total compensation rewards and benefits programs.

    3. Compare different ways to manage, evaluate and strengthen the pay-for-performance

    4. Time duration:

    You will cover the whole unit during the seventh week in the following way:
    • 3 hours of reading of materials;
    • 2 hours of attempting E-tivity 7.1.;
    • 1 hour of attempting E-tivity 7.2;
    • 1 hour of attempting E-tivity 7.3;
    • 2 hours of face to face under the guidance of a facilitator

    • E-tivity 7.1 Assignment
      Students must
      Mark as done

       Purpose

      The  e-tivity  7.1  helps  you to explain the meaning and importance of compensation and benefits

      Tasks:

       

      1. Go through this link related to Compensation Management  book,read  lesson1 to 2 from page 1 to 5  then after reading:  
      -   Discuss the basic purpose behind the establishment of  compensation and reward system  in the organizations?/5 marks
      - Comment on the following statement: "The goal of compesention is not only to attract people,but to retain them.
      2. Post your comment on the discussion forum of this e-tivity7.1. 
      3. Comment on the answers of at least 2 classmates with relevant feedback. /5 marks

    • E-tivity 7.2 Assignment
      Students must
      Mark as done

      Purpose

      This e-tivity allows you to identify internal and external factors which determine total compensation rewards and benefits programs.

      Tasks

       Read this book on Compensation Management from 34-38 and answer the given questions.

      1.  Identify the factors which determine total compensation rewards and benefits programs.
      2. Differenciante internal  to external factors

    • E-tivity .7.3 Quiz
      Students must
      Mark as done

      Purpose:

      This e-tivity allows you to compare different ways to manage, evaluate and strengthen the pay-for-performance

      Tasks

       Watch this video on

      and read carefully this book  on Compensation Management  from  page.1to16 and page 34 to 38 then attempt the provided quiz by choosing the right answer from different options: