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CIPD Level 55HR03

CIPD 5HR03 Videos – Reward for performance and contribution

30 learning videos across 3 learning outcomes, one for each assessment criteria in 5HR03.

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 and rewarding performance

Learning Outcome 1

Learning Outcome 2

Job family structures and informal structure types

AC 2.1 – Explain differences between types of grade and pay structures.

Formal versus informal structures and types of formal grade structures

AC 2.1 – Explain differences between types of grade and pay structures.

Introduction to grade and pay structures and their purposes

AC 2.1 – Explain differences between types of grade and pay structures.

Introduction to contingent rewards and types of contingent pay

AC 2.2 – Explain how contingent rewards can impact individual, team and organisational performance.

Organisational impact and designing effective contingent reward systems

AC 2.2 – Explain how contingent rewards can impact individual, team and organisational performance.

Impact of contingent rewards on individual and team performance

AC 2.2 – Explain how contingent rewards can impact individual, team and organisational performance.

Financial performance-related benefits

AC 2.3 – Explain the merits of different types of benefits offered by organisations.

Protection, lifestyle, and family-friendly benefits

AC 2.3 – Explain the merits of different types of benefits offered by organisations.

Flexible benefits, individual differences, and resourcing

AC 2.3 – Explain the merits of different types of benefits offered by organisations.

Cash and Non-Cash Recognition Awards

AC 2.4 – Explain the merits of different types of recognition schemes offered by organisations.

Day-to-Day and Public Recognition

AC 2.4 – Explain the merits of different types of recognition schemes offered by organisations.

Introduction to Recognition Schemes and the Recognition Spectrum

AC 2.4 – Explain the merits of different types of recognition schemes offered by organisations.

Learning Outcome 3

Legislative Framework and Labour Market Dynamics

AC 3.1 – Assess the business context of the reward environment.

Theoretical Frameworks and Strategic Reward Positioning

AC 3.1 – Assess the business context of the reward environment.

Economic and Business Context of Reward

AC 3.1 – Assess the business context of the reward environment.

Measuring specific data types and developing insight

AC 3.2 – Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight.

Sources of benchmarking data for reward professionals

AC 3.2 – Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight.

Evaluating data quality and understanding statistical measures

AC 3.2 – Evaluate the most appropriate ways in which benchmarking data can be gathered and measured to develop insight.

Analytical vs non-analytical methods and point-factor evaluation

AC 3.3 – Explain approaches to job evaluation.

Job matching, levelling, and equal pay considerations

AC 3.3 – Explain approaches to job evaluation.

Introduction to job evaluation and formal vs informal approaches

AC 3.3 – Explain approaches to job evaluation.

Minimum Pay, Payslips, and Tax Obligations

AC 3.4 – Explain the legislative requirements that impact reward practice

Equal Pay Legislation and Compliance

AC 3.4 – Explain the legislative requirements that impact reward practice

Reporting Requirements and Transparency in Reward

AC 3.4 – Explain the legislative requirements that impact reward practice

View the full 5HR03 unit guide