Performance Management & Reward Systems

This subject is not offered in 2013.

Approximately 2.5 hours of personal study per hour of class time is required to achieve a satisfactory level of performance

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For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

This subject will examine the range of human resource management systems that seek to measure employee work performance and the implications for the design and evaluation of reward systems. The focus is on the design and evaluation of performance and reward management systems for both managerial and non-managerial employees. In the first half of the semester we will examine a range of design and operational challenges with performance management systems and the second half of the semester we will examine reward systems, with a particular emphasis on performance pay plans and their implications for employees, managers unions and gloabal organisations.

On successful completion of this subject, students should be able to:

• Identify the key features of individual, group and organisational level reward systems and performance management systems;
• Explain relationships between individual performance and a variety of reward systems that seek to promote organisational performance;
• Analyse and evaluate the effectiveness of the various approaches to pay and performance management.

• Assignment(s) not exceeding 3000 words (50%)
• One 2-hour end-of-semester examination (50%)

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Critical thinking, which should be fostered by the application of theories relevant to performance management systems and to contemporary organisational practice;
• Problem solving, which should be developed by assignments that will require students to apply principles discussed in lectures and readings to their own or hypothetical situations;
• Oral and written communicaion, which should be developed in class discussion and in preparation of written assignements.