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CIPD to launch new qualification in reward management

The Chartered Institute of Personnel and Development (CIPD) is launching a new advanced level qualification for HR, personnel and reward managers who want to learn about the latest developments in the field of reward.

The Advanced Certificate in Reward Management is being launched in recognition of the increasingly specialised nature of reward within the wider discipline of human resources management. It has been developed for professionals working in all sectors including private, public and not-for-profit.

"Reward is becoming the 'must have' for those with ambitions to rise to the top of the profession," said Charles Cotton, CIPD Reward adviser. "It is at the centre of many of the issues facing organisations, such as linking executive remuneration to organisational performance, providing affordable retirement programmes and rewarding employee contribution in a non-discriminatory way"

The CIPD's latest reward survey shows many organisations are adopting a strategic approach towards reward that looks at both the financial and non-financial aspects of what makes working a rewarding experience. They are carrying out reviews of the reward systems, their benefits packages and their pension schemes. As well as focusing on how their reward approaches are best communicated to staff and demonstrating the impact of interventions on the bottom line.

"Employers need to consider all aspects of reward to ensure they select a system to fit with overall business aims and objectives," said Robert Bennison, CIPD training manager. "This unique Certificate will demonstrate that there is no one best solution – it is essential to examine the environment, history and culture of an organisation in order to develop a scheme that fully meets the needs of both the organisation and its people."

An open evening for prospective students of the Advanced Certificate in Reward Management will be held on 17 November 2004. It will provide the opportunity to meet tutors and programme managers and an overview of Certificate modules and resources including:

• Base and Variable Pay
• Benefits, Pensions and Share Schemes
• Reward in Context
• CIPD Reward at Work resources and faculty

To book a place or to receive further information on the open evening visit www.cipd.co.uk/training

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