In the contemporary context, the nature of the organisation has fundamentally changed from what it was more than half a century ago. Research has shown that with the advancement of human resources, creating healthy work environments and focusing on the welfare of the staff has become crucial for effective performance and reducing turnover. Our distance education program in MBA in Human Resource management gives students a thorough understanding of the mechanics and importance of reward management, especially in contemporary contexts, where the way organisation hierarchies are built are steadily changing to allowing organisations to customise their systems and processes.
In this course, students will learn the theories that form the basis of performance and reward management, which is a critical requirement for any professional looking to make a career in human resources. Get a deeper and rarefied understanding of different aspects of reward management which include, but are not limited to, incentives, compensations, employee benefits, performance analysis and implementation of reward systems. A multi-disciplinary field of work, reward management includes the integration of cost analysis, organisational management and behavioural sciences to understand what kind of incentives motivate employees to work. Learn how to use, create and implement human resources tools that allow you to create reward and compensation systems that not only retain employees but act as a recruitment tool to attract talent. A good reward management professional is an asset to the organisation and plays an incremental role in building its culture.
Reward management systems are in place in different types of organisations like governmental, multinational corporations, small businesses or even non-profit organisations. Familiarise yourself with different organisational contexts, each of which may require different strategies. With this course and the support of an experienced faculty, you will be able to develop tools to analyse progress, performance, merits and demerits of compensation models, individual incentives and effectiveness of reward management tools.