This response should be written in essay style.
The case study addresses different stakeholder perspectives on the regulation and negotiation of reward.
Australia regulation provides that the Fair Work commission is required to review modern award minimum wages panel. The panel is required to conduct an annual wage review in each must come into operation on 1 Julay in the next financial year. Unless there are exceptional circumstances.
The Fire Work Act sets out some important process requirements for the review. They include provision of a reasonable opportunity for all persons and bodies to make written submissions, publication of the written submissions and a reasonable opportunity for submissions to be made in reply.
Traditionally these submissions reflect stakeholders views as to the relevance of minimum wage regulation.
The minimum wage panel has conducted its annual wage review from 2015-16. The introduction can be found at: fair work commission
https://www.fwc.gov.au/awards-and-agreements/minimum-wages-conditions/annual-wage-reviews/annual-wage-review-2015-16
to decision can be found at
– Official decision statement documents:
https://www.fwc.gov.au/awards-and-agreements/minimum-wages-conditions/annual-wage-reviews/annual-wage-review-201516-0
– Official decision statement video:
https://www.thestreamingguys.com.au/production/annual-wage-review-2015-16/
Details
Submissions of stakeholder to the 2014 – 2015 reviewed can found at : Fair Work Commission: post-budget submissions
https://www.fwc.gov.au/awards-agreements/minimum-wages-conditions/annual-wage-reviews/annual-wage-review-2014-15
in this case study, you are required to select, read and analyse following stakeholder submissions:
employee organisations:
_Australian council of trade unions.
Employee organisations
– Australian industry group
– Australian chamber of commerce and industry.
– Australian catholic council for employment relations
– Restaurants and catering Australia
Having analysed these document please answer the following questions:
Questions –what do the submissions of the Australian Council of Trade Unions (ACTU) and employer orgranizaations about reveal about their approach to minimum wage determination?
To what extent were these views reflected in the 2015 – 2016 minimum wage review decision of fair work coomission.
In your view, how do the respective stakeholders approaches to minimum wage determination align with contemporary management?
The key focus in this assessment is for student to discursively appraise the approach of particular stakeholder, as well as Fair work commission to reward management. It is anticipated that students will use the scholarly literature also to assist their understanding of, and approach to contemporary reward management.
You need to add minimum four references then what giving.
Use Harvard style referencing
1500 words
UK words
nots ——
more info
Framework for Minimum Wage Determination
Relevance of Theory
Who are the Key Organisations
Focusing on the Submission of the Employer Organisations: Read and think
Focusing on the extracted paragraphs, and answer the questions:
What would you identify as the major focus of the submissions of the nominated employer organisations?
What rationale do the employer organisations use to defend their positions?
What are your reflections about the employer organisations’ approaches to reward management?