BH2602/BH223
Total Rewards Management
_________________________________________________________________________________
Course Description and Scope
This course will cover the contemporary theories and practices on Total Rewards Management
from the perspectives of HR professionals. It will primarily focus on the process of designing an
internally aligned and externally competitive total rewards package to attract, retain and engage
talents. Besides this, the course will also cover topics like, performance management, Work-Life
Balance, expatriate compensation, and other related issues that might impact on total rewards
related decisions.
Course Learning Objectives
Learning Goals
Knowledge
acquisition
Problem
solving and
decision
making
Ethical
reasoning
Team work and
interpersonal
skills
Learning Objectives
 Understand how an organization manage the
employee pay and benefits related issues.
 Understand the theories and practices of
compensation and benefits management and
their impacts on employee attraction,
retention and engagement.
 Understand the process of designing and
implementing compensation and benefits
package for organizations.
 Understand how organizations maintain
competitive advantages through
compensation and benefits practices.
 Understand how compensation and benefits
related decisions are made using various
tools and techniques to remain competitive
in the market place.
 Learn how to act on values and ethics when
it comes to compensations and benefits
related decisions.
 Develop competencies needed to function
well in teams.
Assessment
Methods
Quiz
Quiz
Case Study
Assessment
rubric
Grading
rubric for
case
studies
Grading
rubric for
Project
work
Project
work
Case Study
Case study
Project Work
Grading
rubric for
case
studies
Grading
rubric for
ethical
reasoning
Grading
rubric for
Peer
evaluation
Course Assessments
Components
Project report (FastCat)
Project presentation (meet the management)
Marks
35
15
Individual/Group
Group
Group
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Class exercises (team work)
Mid-term assessment (MCQ)
End-Term assessment (MCQ)
Case Analysis (Individual)
Class participation (individual)
Total:
10
12
13
7
8
100
Group
Individual
Individual
Individual
Individual
Textbook
Basic Texts
MNG Milkovich, G. T., Newman, J. M. And Gerhart, B.
Compensation
10th Edition, McGraw-Hill, International Edition, 2011
(Call #: ISBN: 978-007-128945-3)
Case Book
MM Milkovich, George T. and Milkovich, Caroline
Cases in Compensation,
Milkovich & Milkovich, 10th Edition, 2009, Cornell University
(ISBN: 978-0-945601-07-04)
Proposed Weekly Schedule
Week
1.
2.
3.
4
5
6
7
8
Topic
1.0 Introduction
1.1 About the course
1.2 Administrative matters
1.3 Compensation and Benefits: An Overview
1.4 Total Rewards (TRs) Management
2.0 Process of designing a total rewards package
2.1 Internal Alignment
3.0 Designing a
Job-based structure
Job analysis
Job description
Job evaluation (JE)
Job Evaluation Steps
importance of each factor
3.2 Job Evaluation: Point Method
3.3 Example of a job structure
4.0 Person-based pay structure
4.1 Briefing on FastCat Phase I (internal alignment) of the project
5.1 External competitiveness
5.3 Demo on external benchmarking software (Phase II)
6.0 Employee Contribution
6.1 Performance Management
7.1 Employee Benefits
Mid-semester break
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9
10
11
12
13
14
9.1 Management: making it work Implementing and managing the newly designed
pay system
9.2 Managing employee pay and expectations
10.0 International Pay System
10.2 Briefing and demo on Phase III of the FastCat project.
11.0 Influence of outside agencies on TRs
11.1 Compensation and benefits practices in selected regional countries
12.2 W-L Balance
13.1 Course overview
14.1 Meet the management of FastCat
14.2 Celebrate!!!
Notes:
1. If deemed necessary, this schedule may be amended during the semester. You will be notified in
advance.
2. Class exercises/case studies will be posted on edveNTUre.
3. Assessment rubrics for assignments and the project will be posted on edveNTUre.
4. All hard copy submissions to be printed on both sides of the paper (Let’s try to save trees!)
5. Performance Management: You will learn more on performance management in the ‘Performance
Management and HR Metrics’ course (BH326)
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