CERTIFICATES AND QUALIFICATIONS
Delivery Completed over three academic years, the MSc in Business and Reward Management is the highest level payroll qualification in the UK, run by the CIPP in collaboration with the University of Derby. The majority of material will be studied at home and supplied through the student website. However, students will be required to attend tutorials at the University of Derby where they will have opportunities to apply the learning to work based scenarios during the periods of study.
Appreciating skills for career development and leadership l Employ reflective and personal development plan (PDP) processes to identify, review and record their own professional skills and career development needs l Critically evaluate the role of professional standards in their career development, recording and promotion of continuing professional development (CPD) and their importance in terms of working with others l Plan, deliver and evaluate self directed learning and development activities that address identified areas of academic, professional and/or personal objectives Strategic management of remuneration l Illustrate the use of appropriate methods and approaches to compare and contrast strategic management in dynamically complex environments, reviewing factors such as internal and external dynamics, the role of corporate strategy and resource allocation l Critically assess international change influences on business, including factors involving global business development, acquisition or disposal l Evaluate critical factors in the procurement and implementation of selected remuneration systems, (payroll or pension), including effective assessment and negotiation of third party supplier offerings l Recommend strategic solutions to dealing with a changed business situation, justifying the choices made and their link to business need Leading a dynamic organisation and its workforce l Critically evaluate the theoretical perspectives on behavioural processes within organisations and between people management and leadership outcomes l Demonstrate a critical understanding of the wider implications of management decisions and behaviour on organisations, teams and individuals l Apply knowledge of organisational theory and assess their role as a professional/leader/manager with a view to adding value to their organisation Developing a strategic approach to reward management l Critically evaluate and benchmark their own organisation’s compensation and benefits package, taking into account international or global dimensions to their business l Demonstrate critical awareness of the impact of changing legislation upon organisations and their employees; specifically in relation to their compensation and benefits package l Critique the changing focus on types of reward as a means of motivation and team integration l Apply learning to a strategic change context, justifying the recommendations made BA (Hons) in Applied B siness and Manage- ment (CIPP)
Strategic business finance for non-accountancy professionals l Analyse the fundamental concepts that underpin organisational financial management at a strategic level, including an appreciation of the key tools and techniques that can be used l Critically analyse the financially related information and performance metrics of an organisation and make suggestions for improvement Research methodologies l Formulate appropriate research aims and objectives and devise a methodological approach relevant to undertaking research into a business issue l Understand and apply a range of research and analytical techniques to devise a project proposal that meets the university’s ethical guidelines and approvals, through which the independent study can be implemented Managing international or global remuneration practice l Appraise the cultural impacts of developing and implementing global remuneration systems l Critically review a strategic approach to integrated reporting and processes, reflecting on the implications for performance management and financial control l Design and create an implementation plan for a remuneration process for overseas employees, critically evaluating the strategic and operational opportunities and risks Independent study (dissertation) l Utilise appropriate research methodology to investigate the problem or issue identified in their project proposal, reviewing pertinent literature and demonstrating strategic awareness of the issues related to the context and work based environment l Critically review the impact of the study against defined measures and provide conclusions and recommendations at a strategic level l Reflect on the personal learning gained from the process of undertaking a significant piece of independent research using the ideas and concepts from the course, identifying and planning for future personal development
* Now the Foundation Degree in Payroll Management ** Now the MSc in Business and Reward
39 Please note that the CIPP continually updates its products and services to ensure that they meet the needs of the industry, therefore content is subject to change without prior notification. Please visit cipp.org.uk for the most up to date information.
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