units

MGX5620

Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelPostgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Management
OfferedNot offered in 2015
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.

Outcomes

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: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)