Dr Rebecca Campbell MAR.5.15

This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MIM), Global MSc in Management (MBA Exchange), MBA Exchange, MSc in Human Resources and Organisations (Human Resource Management/CIPD), MSc in Human Resources and Organisations (International Employment Relations/CIPD) and MSc in Human Resources and Organisations (Organisational Behaviour). This course is available with permission as an outside option to students on other programmes where regulations permit.

The aim of the course is to introduce the main theoretical models relating to employee and executive reward and to relate these to current pay practices. By the end of the course it is intended that students will be able to:

1. Describe the main economic, psychological and sociological theories relating to pay, reward and performance management;

2. Discuss current pay practices in both the private and public sectors, including variations between different countries, and evaluate these in light of the theoretical models;

3. Communicate effectively about pay and reward matters in a variety of professional and academic styles.

15 hours of lectures and 15 hours of seminars in the WT.

Students are expected to prepare for, and contribute to, the seminars. Seminars will include group work, preparing and giving presentations, case analyses, small group discussions, and self-assessment exercises. Students on this course will have a reading week in Week 6, in line with departmental policy.

1. Practice exam at the end of WT (take-home). At the end of the term students will be provided with a revision document that will provide practice exam questions to help them revise along with a list of key topics and key readings on which to focus.

2. Group presentation. All groups will be given the opportunity to meet with their class teacher one week prior to their case presentation to discuss their presentations and to be given verbal feedback. Students will also be given group feedback on presentations they do in week 7.

Course text books

Jones, E., and Perkins, S. (2020) Reward Management, Alternatives, Consequences and Contexts. CIPD, London (earlier editions are acceptable); White, G and Druker, J (2008) Reward Management – a Critical Text. Second edition. Routledge..

General reading

Gerhardt, B and Rynes, S (2000) Compensation in Organizations, Current Research and Practice. San Francisco, Jossey Bass. 

Gomez-Mejia, L., Berrone, P., & Franco-Santos,M. (2010) Compensation and Organizational Performance – Theory, research and Practice. M.E. Sharpe

Hallock, K. (2012) Pay – Why People Earn What They Earn (and What You Can Do Now to Make More). Cambridge University Press. 

Pepper, A. (2015) The Economic Psychology of Incentives. Palgrave Macmillan..

Pepper, S. (2006) Senior Executive Reward – Key Models and Practices. Gower Publishing. 

Trevor, J. (2011) Can Pay Be Strategic? Palgrave Macmillan.

Exam (50%, duration: 2 hours) in the spring exam period.
Class participation (10%) and group presentation (40%) in the WT.