Singapore University of Social Sciences

HCM537 Total Rewards Strategy focuses on total rewards: the universe of incentives that motivate performance in organisations, from tangible rewards such as pay and benefits to more intangible ones such as skills development and finding personal meaning in work. The course will offer a strategic perspective, teaching students to design and implement reward systems that are aligned with both human capital and overall business strategy. The course will cover job analysis and evaluation for the purpose of determining pay scales towards a cost effective, equitable and competitive compensation structure. The use of variable and contingent rewards as a strategic means of aligning individual and group efforts towards organizational results will also be covered. As with other courses in the MHCM programme, HCM537 will begin by focusing on the Singapore context before zooming out to consider compensation practices in the wider region.