CIPD Level 5 Associate Specialist Unit: Reward for Performance and Contribution
This is one of the seven units required for the Associate Diploma in People Management
Watson Martin
Summary
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Overview
This unit focuses on how internal and external business factors influence reward strategies and policies, the financial drivers of the organisation and the impact of reward costs. It considers the importance of the role of people practice in supporting managers to make robust and professional reward judgements and the impact of rewarding performance.
This is a specialist unit under the CIPD Associate Diploma in People Management. You must complete a total of 7 units to get certified for the full Diploma.
Qualification
CIPD Level 5 Associate Diploma in People Management
Description
You will evaluate the principles of reward and its importance to culture and performance management and how policies and practices are implemented. You will explain how people and organisational performance impacts approaches to reward and the different types of benefits offered by organisations. You will evaluate the most appropriate ways in which data can be gathered and measured and develop insight from benchmarking data. Additionally, you will develop reward packages and explain legislative requirements that impact reward practice. Finally, you will review the role of people practice in supporting managers to make consistent and appropriate reward judgements aligned to agreed approaches.
Learning outcomes
On completion of this unit, learners will:
- Understand the impact of reward approaches and packages.
- Be able to develop insight from benchmarking data to inform reward approaches.
- Understand the role of people professionals in supporting line managers to make reward decisions.
Who is this course for?
This unit is suitable for persons who:
- are aspiring to, or embarking on, a career in people management
- are working in a people practice role and wish to contribute their knowledge and skills to help shape organisational value
- are working towards or working in a people manager role
Requirements
You’ll need a passion for helping and developing others and whilst you don’t need formal qualifications, some HR or line management experience is beneficial. Contact our expert team, who will be happy to offer advice on what is right for you and get you started on developing the knowledge and skills you need to help you on your way to achieving your career ambitions.
Career path
Studying towards the Associate Diploma in People Management will help raise your credibility as an HR professional. Upon completion of this unit you will have completed one of the units needed to achieve the CIPD Level 5 Associate Diploma and upon completion of the Diploma you’ll be awarded CIPD Associate Membership. The full qualification is awarded when all 7 units are completed.
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