Monash University Business & Economics handbook 1995

Copyright © Monash University 1995
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MGC5130

Wage determination - institutions, principles and methods

Not offered in 1995

One 3-hour session per week

Synopsis The subject is divided into three parts. The first deals with the basic institutions of formalised industrial relations in Australia, including their origins, structure and processes. The second part examines the centralised wage fixing system operated by industrial tribunals, including the history of wage-fixing principles, current wage principles, and the wage policies of unions, employers and governments. The third section examines workplace wage payment systems and incentive systems, including payments-by-results, time-rate systems, overtime control, shift-work systems, measured day-work, job evaluation, profit-sharing, performance appraisal, and systems for employment/labour cost flexibility. The primary object of the subject is to familiarise students with the practical operation of wage fixation at both the tribunal and enterprise levels, and the problems and prospects for integrating these two spheres of wage determination.

Assessment Written (assignments 4000 words): 40% * Take-home examination: 60%

Prescribed texts

Deery S J and Plowman D H Australian industrial relations 3rd edn, McGraw-Hill, 1991

Dufty N F and Fells R E Dynamics of industrial relations in Australia Prentice-Hall, 1989


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