CIPD Level 7 Advanced Specialist Unit: Strategic Reward Management

The unit focuses on the role of strategic reward in attracting, motivating and retaining people at work in order to direct the actions and behaviours of individuals, teams and the organisation towards the achievement of organisational goals. Different financial and non-financial benefits will be applicable depending on the organisational context, but these must always be fair and equitable. The unit contains the elements required to design, introduce, manage and evaluate effective and fair reward strategies and how the associated policies and practices link and impact on other people practices.

This is a specialist unit under the CIPD Advanced Diploma in Strategic People Management. You must complete all 8 units to get certified for the full Diploma.

You will examine the key factors that influence the design of reward policy. Understanding of organisational strategy and variables is key and you will critically justify the value of benchmarking and reward strategy choices. You will develop in-depth understanding of the total rewards approach and the impact of base and incremental pay and benefits in attracting and motivating employees. You will assess the benefits and challenges of performance appraisal and its links to pay progression. Finally, you will examine the ethical issues that may arise from forms of reward and how the principles of transparency and equity are the cornerstones of responsible and effective approaches to reward.

Learning outcomes

On completion of this module, learners will be able to:

• Understand effective reward strategies and policy frameworks.
• Understand the value of a ‘total rewards’ approach.
• Understand pay structures and approaches to establishing pay levels.
• Understand the importance of organisational approaches to compliant and ethical reward practice.

You may be an experienced people practitioner who cannot commit to the full CIPD Diploma programme or you may wish to undertake this unit to challenge yourself and deepen your understanding in a certain area of HR. Or you may be looking to get a taster for what to expect from a CIPD Level 7 Qualification.

Contact us and our friendly advisers would be happy to discuss your career goals and the assessment requirements and ensure this the right pathway for you.

You don’t need formal qualifications but ideally you will have a relevant degree or HR or line management experience.

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.

Studying towards the Advanced Diploma in Strategic People Management will ensure you fulfil your potential. Upon completion of this unit you will have completed one of the units needed to achieve the CIPD Level 7 Advanced Diploma in Strategic People Management, which can help you become a Chartered Member of the CIPD. You won’t receive the full qualification until all 8 units have been completed.