units

MGX5620

Faculty of Business and Economics

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Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelPostgraduate
FacultyFaculty of Business and Economics
OfferedCaulfield Second semester 2010 (Evening)
Coordinator(s)Dr Belinda Allen

Synopsis

This unit examines principles used in pay determination in Australia and internationally, and provides a practical foundation to understanding how the design of systems of pay (and other extrinsic rewards) and participation (and other forms of intrinsic reward associated with work) can enhance individual and organisational performance. Topics include pays systems, forms of employee participation including financial participation (eg: share ownership), participation in work allocation (autonomous teams) and other forms of involvement in decision making in the workplace (eg: workplace democracy), performance management and motivation.

Objectives

The learning goals associated with this unit are to:

  1. evaluate the effectiveness of various approaches to employee participation, reward management and performance management
  2. demonstrate an understanding of the economic, legal, social and cultural issues associated with employee participation and reward and performance systems
  3. identify and apply innovations in pay and participation practices
  4. analyse relationships between individual performance, employee participation and a variety of reward systems that seek to promote organisational performance.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%

Chief examiner(s)

Belinda Allen

Contact hours

3 hours per week