COURSE OUTLINE THE OPEN UNIVERSITY OF TANZANIA FACULTY OF BUINESS MANAGEMENT DEPARTMENT OF LEADERSHIP AND GOVERNANCE MASTER OF BUSINESS ADMINISTRATION PROGRAMME OLG 613: PERFORMANCE AND REWARD MANAGEMENT by Chacha Matoka PhD. 1.0. Introduction This course is intended to provide students with skills for evaluating the performance and potential of individual employees. It will also equip them with skills of carrying out enumeration survey, designing and administering salary structures. 1.1 objective of the Course To be able to discuss the corporate policy statement on performance and Reward To be able to explain the role, uses and impact of performance management To be able to discuss the corporate policy statement on performance and Reward To be able to explain the role, uses and impact of performance management To be able to discuss the process of performance Management including the 3600 feedback To be able to identify and discuss the use of measures in performance Management To be able to discuss the Reward strategy and types of reward To be able to explain the responsibilities of reward management To be able to discuss the process of job evaluation and grading To be able to explain the methodology of remuneration survey cuss the process of performance Management including the 3600 feedback 2.0 Course content 2.1 Lecture One: The basis of performance management Subtopics 1. 2. 3. 4. 5. 6. 7. Performance management defined Aims of performance management Characteristics of performance management Understanding performance management Guiding principles of performance management Performance appraisal and performance management Views on performance management 2.2 Lecture Two: Contingent Pay – Pay Progression: Rewarding Performance, Competence and Contribution Subtopics 1. Contingent Pay – General Considerations 2. Individual Contingent Pay 3. Bonus Schemes 4. Executive Annual Incentive Schemes 5. Employee and Executive Share Schemes 6. Team Rewards 7. Gain sharing – Sharing in Corporate Success 8. Profit Sharing 9. Recognition Schemes 10. Shop-floor Incentive and Bonus Schemes 11. Sales force Incentive Schemes 12. Other Cash Payments and Allowances 2.3 Lecture Three: The process of performance management Subtopics 1. Performance management as a process 2. Performance management as a cycle 3. Performance agreements 4. Managing performance 5. throughout the year 6. Reviewing performance 7. Rating performance 8. Dealing with under-performers 9. Introducing performance management 2.4 Lecture Five: Fundamentals of Reward Management Subtopics 1. Overview of Reward Management 2. Total Reward and Engaged Performance 3. Strategic Reward 4. Reward Policies 5. The Psychological Contract 6. Motivation and Financial and Non-financial Rewards 7. Factors Affecting Levels of Pay 8. Age Discrimination 2.5 Lecture Five: Employee benefits, pensions and allowances Subtopics 1. Employee benefits 2. Occupational pension schemes 3. Allowances and other payments to employees 2.6 Lecture Six: The Evaluation and Development of Reward Processes Subtopics 1. Evaluation of Reward Processes 2. Development of Reward Processes 2.7 Lecture Seven: Employee Benefits and Pensions Subtopics 1. Employee Benefits 2. Flexible Benefits 3. Pensions 4. Tax Considerations 2.8 Lecture Eight: Managing Reward Processes Subtopics 1. 2. 3. 4. Reward Management Procedures Communicating the Benefits Developing and Introducing Reward Management Processes – The Use of Consultants 2.9 Lecture Nine : Reward management Subtopics 1. Reward management defined 2. The aims of reward management 3. The philosophy of reward management 4. The elements of reward 5. management 6. Total reward 7. Reward management for directors 8. and executives 9. Reward management for sales staff 10. Paying manual workers 2.9 LECTURE Ten: Strategic reward Subtopics 1. Reward strategy defined 2. Why has a reward strategy? 3. The structure of reward strategy 4. The content of reward strategy 5. Guiding principles 6. Developing reward strategy 7. Components of 8. an effective reward strategy 9. Reward strategy priorities 10. Examples of reward strategies 11. Implementing reward strategy 12. Reward strategy and line management capability 3.0. Assessment Timed Test = 30% Final examination= 70% 4.0. References Armstrong Michael and Baron Angela (2000), performance management, Jaico Publishing House, Mumbai Armstrong Michael (2006), performance Management, key strategies and practical Guidelines 3rd ed, Kogan Page, London Armstrong Michael (2005), Handbook for employee Reward Management and Practice 2 nd ed, Kogan Page, London Armstrong Michael & Murlis Helen (2007), Reward Management, A handbook of Remuneration strategy and Practice Revised, 5th ed, Kogan Page, London. Dessler Gary (2008), Human Resource Management 11th ed, Prentice Hall of India, New Delhi Gupta, C.B., (2008) Human Resource Management 9th ed, Sultan Chad &Sons, New Delhi Thorpe Richard & Homan Gill (2000), Strategic Reward Systems, Prentice hall Financial Times, New York Torrington Derek (2005), Human Resource Management 6th ed, Financial Times Prentice Hall, London