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Level 3 Foundation Diploma in Accountancy

Labour remuneration systems

AB302 · Management Information — Week 4 of 16

CourseAB302
Week4 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Labour remuneration systems

  1. Time-based pay structures
  2. Piecework and output systems
  3. Performance bonuses and commission plans
  4. Labour Cost - Part I
  5. Pay for Individual Performance
  6. What are Incentive Plans? 9 Types of Incentives Explained

What you will be able to do

  • 2.1 Explain labour remuneration methods.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain labour remuneration methods.

Study materials

Videos

  • Pay for Individual Performance · YouTube · GreggU · 3 min · for registered students
  • What are Incentive Plans? 9 Types of Incentives Explained · YouTube · Marketing91 · 14 min · for registered students
  • Financial Motivators | Methods of Financial Motivation Explained | Remuneration, Fringe Benefits etc · YouTube · Two Teachers · 19 min · for registered students

Further resources

  • Organizational Behavior, ch. 8.4–8.5: Reward systems and incentive plans · PDF · OpenStax, textbook chapter; pp. 234–250 · for registered students
  • Performance Pay and Productivity · PDF · NBER, article · for registered students
  • Personnel Economics: The Economist's View of Human Resources · PDF · NBER, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 3Week 5
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Accounting systems in business organisations
  • Week 2: Purpose of management information
  • Week 3: Management accounting versus financial reporting
  • Week 4: Labour remuneration systems
  • Week 5: Accounting for labour costs
  • Week 6: Analysing gross and net earnings
  • Week 7: ICT applications in management information
  • Midterm: Midterm evaluation
  • Week 9: Factors influencing ICT adoption
  • Week 10: Evaluating ICT in management information
  • Week 11: Integrated management information review
  • Week 12: Applying Management Information in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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