Topics covered include job evaluation, wage surveys, wage policies, individual and group incentive systems, legal issues in compensation, employee benefits, expatriate compensation, and executive compensation. MGMT11-301 Human Resource Management is an integral part of a managerial role in a line function and in many organisations it also forms a staff specialisation. This subject develops grounding in techniques of staff selection and recruitment, job evaluation, performance appraisal, staff development and manpower planning. MGMT11-301 Skills in negotiation are central to many aspects of a managerial role including bargaining over conditions of employment. Having developed a basic level of practical skill in negotiation, students will gain an understanding of processes and principles of collective bargaining as applied to the formulation of contracts of employment.
Strategic analysis includes methods of assessment of the competitive environment of an enterprise.
Strategic choice involves the selection among options provided from generic strategies of cost leadership and differentiation. Implementation will be discussed from the perspective of resource allocation at corporate and functional levels in an enterprise. The subject is designed to provide a student with an appreciation of organisational operations, which comprise the core activities of a manufacturing or service enterprise. Practical insight into the essentials of planning, design, layout and operation of work activities will be combined with skill in application of a range of management science models. Topics include needs assessment, preparation of behavioural objectives, application of principles of learning, and the design, delivery and evaluation of training programs.