Strategic Talent and Reward Management

Human Resources

Unit Code
Level 7
Distance Learning
Class Room
Unit Code
Level 7
Distance Learning Fee
Face to Face Fee
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Total Fee £1600

£2360 (£1600 during the tuition waiver period)

Please see the Tuition Fee section to see if you are eligible for a scholarship.
Course Overview

This module aims to equip students with an advanced understanding of the intricacies of talent and reward management from a strategic perspective. Recognising talent as a pivotal asset, the curriculum delves deep into the methods to identify, nurture and retain high-potential individuals. Emphasis is placed on the integration of talent management strategies with broader organisational goals, ensuring that talent development and succession planning are aligned with long-term business objectives. The module also addresses the complexities of reward management in today's dynamic work environment.

Students will explore the nuances of designing compensation packages that not only attract and retain talent but also incentivise optimal performance and drive business outcomes. By examining case studies and real-world scenarios, students will gain insights into the challenges and best practices associated with both talent and reward management. They will also assess the ethical implications and the role of fairness in compensation decisions. By the end of the module, students will have developed a comprehensive understanding of how strategic talent and reward management can become a competitive advantage for modern organisations.

Course Content

Foundations of Talent Management

  • Understanding Talent Management
    • Definition of Talent in The Organizational Context and Its Strategic Role in Achieving Business Objectives
    • The Evolution of Talent Management Practices
  • Talent Identification and Acquisition
    • Sourcing Strategies for High-Potential Individuals
    • Effective Recruitment and Selection Methods
    • Integrating Diversity and Inclusion in Talent Acquisition
  • Talent Development and Retention
    • Creating a Culture of Continuous Learning and Development
    • Career Pathing and Succession Planning
    • Retention Strategies for High-Potential Employees

Reward Management Systems

  • Components of Reward Management
    • Intrinsic and Extrinsic Rewards
    • Designing Competitive Compensation Packages
    • Benefits, Bonuses, and Non-Monetary Incentives
  • Performance and Reward Alignment
    • Linking Performance Management with Rewards
    • Designing Effective Performance Appraisal Systems
    • Balancing Individual and Team Performance Rewards
  • Legal and Ethical Considerations in Reward Management
    • Fairness and Equity in Compensation
    • Legal Frameworks and Compliance Issues
    • Ethical Dilemmas in Reward Management

Strategic Alignment of Talent and Rewards

  • Aligning Talent and Business Strategies
    • Organizational Goals and Workforce Planning
    • Aligning Talent Management with Business Objectives
    • Role of HR in Strategic Planning and Execution
  • Designing Integrated Talent and Reward Systems
    • Creating Cohesive Strategies for Talent Development and Rewards
    • HR Analytics for Informed Decision-Making
    • Customizing Talent and Reward Strategies for Diverse Workforce Needs
  • Change Management in Talent and Reward Strategies
    • Managing Organizational Change and Transformation
    • Communicating and Implementing New Strategies
    • Overcoming Resistance and Fostering a Culture of Adaptability

Advanced Compensation Strategies

  • Designing Effective Compensation Packages
    • Components of a Total Compensation Strategy
    • Balancing Base Pay, Bonuses, and Long-Term Incentives
    • Competing in The Market with Attractive Compensation offers
  • Global Compensation Considerations
    • Navigating Compensation in a Global Workforce
    • Addressing Geographical Pay Differentials and Managing Expatriate Compensation and Benefits
  • Evaluating Compensation Strategies
    • Measuring the Effectiveness of Compensation Packages
    • Benchmarking Against Industry Standards
    • Continuous Improvement in Compensation Design

Talent Management in a Dynamic Environment

  • Adapting to Workforce Trends and Dynamics
    • The Impact of Generational Shifts
    • The Gig Economy and Remote Work Trends
    • Technology and Digital Transformation in Talent Management
  • Innovation in Talent Development
    • E-Learning and Digital Platforms for Development
    • Culture of Innovation and Continuous Improvement
    • Fostering Leadership and High-Potential Programs
  • Challenges in Talent Management
    • Skills Gaps and Future Workforce Needs
    • Managing Talent Mobility and Turnover
    • Building Resilience and Agility in Talent Strategies

Ethical and Fairness Considerations in Talent and Reward Management

  • Promoting Fairness in Talent Processes
    • Transparency and Fairness in Selection and Development
    • Unconscious Bias and Discrimination and Building an Inclusive Culture that Values Diversity
  • Ethics in Reward Management
    • Pay Equity and Fairness
    • Managing Executive Compensation and Public Scrutiny
    • Ethical Standards in Reward Decisions
  • Sustainability and Social Responsibility in Talent and Reward Management
    • Integrating Corporate Social Responsibility in Talent Strategies
    • Sustainable Practices in Reward Management
    • Aligning Talent and Reward Management with Ethical Standards

Measuring Success and Impact of Talent and Reward Strategies

  • Metrics and Analytics in Talent and Reward Management
    • HR Metrics and Analytics for Informed Decisions
    • Evaluating the Roi of Talent and Reward Initiatives
    • Big Data for Predictive Insights in Talent Management
  • Communicating Value and Impact
    • Effectively Communicating the Success of Talent and Reward Strategies
    • HR Successes with Business Outcomes
    • Storytelling withData to Engage Stakeholders
  • Continuous Improvement and Innovation
    • Culture of Feedback and Continuous Learning
    • Strategies Based on Feedback and Market Changes
    • Driving Innovation in Talent and Reward Management
Learning Outcome & Assessment Criteria

1.  Understand the strategic significance of talent management in modern organisations

  1. Analyse the key components of strategic talent management and their impact on organisational success
  2. Compare and contrast various talent management strategies employed by leading organisations
  3. Investigate the challenges faced by organisations in identifying and nurturing talent
  4. Evaluate the effectiveness of different talent management strategies in relation to specific organisational objectives

2.  Appraise the complexities and components of reward management systems

  1. Examine the various elements of compensation packages and their alignment with organisational goals
  2. Discuss the ethical implications of reward management decisions
  3. Differentiate between intrinsic and extrinsic rewards and their role in employee motivation
  4. Reflect critically on the balance between fairness and competitiveness in reward management strategies

3.  Design talent and reward management strategies that support organisational objectives

  1. Formulate talent development plans that cater to the unique needs and aspirations of high-potential individuals
  2. Propose reward management systems that attract, retain and incentivise top talent
  3. Analyse the impact of various reward strategies on employee performance and organisational outcomes
  4. Recommend adjustments to talent and reward strategies based on evolving business landscapes and employee feedback

4.  Evaluate the interplay between talent management and reward strategies in driving organisational success

  1. Investigate the role of talent management in shaping reward management decisions
  2. Assess the influence of reward systems on talent attraction, retention and development
  3. Justify the integration of talent and reward strategies in the broader organisational strategy
  4. Reflect on real-world case studies to draw conclusions about the success or failure of specific talent and reward strategies
  • The assessment strategy for this course is designed to test all the learning outcomes.
  • Learners must demonstrate successful achievement of all learning outcomes to pass the course.
Assessment Marking Criteria


Citizens of the following countries are eligible for a 50% scholarship upon writing a personal statement. All scholarships are to be approved by the Academic Board. The list of countries are: Sri Lanka, Indonesia, Philippines, Bhutan, Morocco, Vietnam, Papua New Guinea, Laos, Cambodia, India, Nigeria, Ghana, Bangladesh, Laos, Myanmar, Pakistan, Nepal and South Africa. Please talk to your student counselor and ask for the Coupon Code to get the 50% Tuition Waiver.

  • The assessment criteria for a pass will be presented with the summative exercise.
  • Further information and guidance on the assessment will be made available through the tutor.
Unit Pass Requirements

To pass the unit a 40% overall grade must be achieved.

Frequently Asked Questions
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