Time discounting in late career financial and activity planning. A new career decision model of retirement activity and financial planning will be tested that combines hyperbolic delay discounting with exponential interest growth, while also examining the impact of risk framed in terms of changing goverment tax legislation and uncertain health. The role of expertise and simulated training in reducing time discounting will be examined, and results combined to form a late career web assistance pro ....Time discounting in late career financial and activity planning. A new career decision model of retirement activity and financial planning will be tested that combines hyperbolic delay discounting with exponential interest growth, while also examining the impact of risk framed in terms of changing goverment tax legislation and uncertain health. The role of expertise and simulated training in reducing time discounting will be examined, and results combined to form a late career web assistance program. Improving predictions of the decision to retire will benefit individuals, financial planners, investors and employing organisations.Read moreRead less
Outcome Trust: An Experimental Validation. Scholars have studied trust from a host of disciplinary perspectives. With such a diversity of scholarship, we find both a conflict over approaches and methods as well as the inevitable differences about the fundamental nature of the concept of trust. Bhattacharya, Devinney & Pillutla develop a remarkably robust operational model of trust that is a function of two factors, the uncertainty faced by the parties to a relationship and the conjectures they ....Outcome Trust: An Experimental Validation. Scholars have studied trust from a host of disciplinary perspectives. With such a diversity of scholarship, we find both a conflict over approaches and methods as well as the inevitable differences about the fundamental nature of the concept of trust. Bhattacharya, Devinney & Pillutla develop a remarkably robust operational model of trust that is a function of two factors, the uncertainty faced by the parties to a relationship and the conjectures they form about each other's actions. We propose to test this formulation rigorously, using experimental methods, thereby allowing us to broaden our understanding of the critical concept of trust.Read moreRead less
The relative impacts of sleep, wake and the internal body clock on human performance. The 24h society presents a number of challenges to the shiftworker. First, shiftworkers have to maintain a balance between the competing needs of work, family, leisure and social life. Second, shiftwork has been identified as a risk factor for obesity, diabetes and heart disease. Third, shiftworkers have an increased risk of injury and death at work. This project will use an innovative research protocol to prov ....The relative impacts of sleep, wake and the internal body clock on human performance. The 24h society presents a number of challenges to the shiftworker. First, shiftworkers have to maintain a balance between the competing needs of work, family, leisure and social life. Second, shiftwork has been identified as a risk factor for obesity, diabetes and heart disease. Third, shiftworkers have an increased risk of injury and death at work. This project will use an innovative research protocol to provide critical information about the independent and combined effects of sleep loss and body clock disruption on human performance. Work schedules designed on the basis of a better understanding of sleep loss and circadian disruption will result in healthier employees, safer workplaces, and reduced costs to the community.Read moreRead less
Competent but Less Likeable: Social Stereotypes and Strategic Choices in Negotiation. Women may be disadvantaged by the greater opportunities for negotiating employment conditions that Work Choices provides. Relative to their male peers, women receive lower starting salaries and smaller increases. This is costly for women, who leave the workforce with less financial security. The gender gap is also costly for organisations, who face increased dissatisfaction and turnover. Woman can improve the ....Competent but Less Likeable: Social Stereotypes and Strategic Choices in Negotiation. Women may be disadvantaged by the greater opportunities for negotiating employment conditions that Work Choices provides. Relative to their male peers, women receive lower starting salaries and smaller increases. This is costly for women, who leave the workforce with less financial security. The gender gap is also costly for organisations, who face increased dissatisfaction and turnover. Woman can improve their outcomes through negotiation, but the assertive tactics that improve their economic outcomes are likely to generate social reprisals in the workplace. This project will benefit employers and employees alike, by identifying strategies that assist women to improve their economic outcomes while buffering them from social reprisals.Read moreRead less
An international evaluation of work-family balance: Validation of the work-family balance measure and theoretical model. Work-family imbalance costs Australia $8 billion per annum, via staff absenteeism, turnover, and health costs. By employing two Australian and three international experts, this project will investigate the long-term process of work-family balance, identify effective employment policies, and produce a new balance measure for use by industry and government. This will lead to imp ....An international evaluation of work-family balance: Validation of the work-family balance measure and theoretical model. Work-family imbalance costs Australia $8 billion per annum, via staff absenteeism, turnover, and health costs. By employing two Australian and three international experts, this project will investigate the long-term process of work-family balance, identify effective employment policies, and produce a new balance measure for use by industry and government. This will lead to improved health, personal satisfaction and employment choices for working Australians, and hence higher productivity for industry. The research addresses the second national research priority: promoting and maintaining good health. The consequential contributions to knowledge will directly benefit Australia's regard within the global academic community.Read moreRead less
The role of organisational events and emotions in strategic decision-making. Australia's international competitiveness depends to a large extent on the effectiveness of its business organisations. This effectiveness depends, in turn, on the quality of top managers' decision-making. Thus, understanding the way that managers make decisions is of critical importance if we are to develop programs to improve the competitiveness of Australian business organisations. The Australian researchers involve ....The role of organisational events and emotions in strategic decision-making. Australia's international competitiveness depends to a large extent on the effectiveness of its business organisations. This effectiveness depends, in turn, on the quality of top managers' decision-making. Thus, understanding the way that managers make decisions is of critical importance if we are to develop programs to improve the competitiveness of Australian business organisations. The Australian researchers involved in this grant application have been at the forefront of the international movement to include the study of emotions in organisational research. In a series of four projects, they combine with a noted US scholar, who specialises in the study of organisational justice, to study the decision-making patterns of top managers.Read moreRead less
Leaders as motivators: A test of an integrated theory of leadership and motivation to predict employees' psychological health and productivity. The effectiveness of organisations depends upon the quality of its leaders. While research shows that certain leader behaviours can enhance psychological heath (increase job satisfaction, reduce stress) and productivity, it is not clear why this occurs. This proposal addresses this shortcoming by developing a model of leadership that places motivation ....Leaders as motivators: A test of an integrated theory of leadership and motivation to predict employees' psychological health and productivity. The effectiveness of organisations depends upon the quality of its leaders. While research shows that certain leader behaviours can enhance psychological heath (increase job satisfaction, reduce stress) and productivity, it is not clear why this occurs. This proposal addresses this shortcoming by developing a model of leadership that places motivation as a core process between the leader's behaviour and outcomes. The model is tested across new innovative research designs, including a study that tests an intervention to improve leadership effectiveness. The research will increase the understanding of workplace leadership and provide practical ways to improve employees' psychological health and productivity.Read moreRead less
Understanding reactions to diversity initiatives in organizations: An intergroup perspective. Current policy and legislation promote diversity in organizations,
however employees often react negatively to diversity initiatives
that assist specific groups (e.g., women). Explanations attributing
negativity to individual factors (e.g., self interest) or to broad
organizational culture are limited. Diversity initiatives highlight
differences between the beneficiary and non-beneficiary group(s) ....Understanding reactions to diversity initiatives in organizations: An intergroup perspective. Current policy and legislation promote diversity in organizations,
however employees often react negatively to diversity initiatives
that assist specific groups (e.g., women). Explanations attributing
negativity to individual factors (e.g., self interest) or to broad
organizational culture are limited. Diversity initiatives highlight
differences between the beneficiary and non-beneficiary group(s) and
a comprehensive model should incorporate an intergroup perspective.
It should also recognise the legitimising role of justice-based
concerns. In testing such a model, this project will contribute to
theories of intergroup relations and their interplay with social
policy, and to the development of strategies to manage workplace
diversity.
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Economic short-termism among Australian firms: A longitudinal investigation of managers' temporal perspectives and their relation to firm strategy and performance. The Business Council of Australia (2004) indicated its concern about the effects of short termism on Australia's future economic prosperity. We assess whether the attention managers give to the present and future when describing firms' strategies in annual reports has changed during 1992-2006. One of the key effects of short-termism ....Economic short-termism among Australian firms: A longitudinal investigation of managers' temporal perspectives and their relation to firm strategy and performance. The Business Council of Australia (2004) indicated its concern about the effects of short termism on Australia's future economic prosperity. We assess whether the attention managers give to the present and future when describing firms' strategies in annual reports has changed during 1992-2006. One of the key effects of short-termism is to reduce firms' focus on innovation. The project offers a direct, unobtrusive indicator of the time frame firms use to shape their strategies. Such evidence helps policy makers decide whether policy action is required; investors determine the seriousness of the problem in different business sectors, and creates a strong foundation for pursuing further research into the possible causes.Read moreRead less
The Dynamics of Trust in Negotiation: Implications for Strategy and Outcomes. Despite the benefits of cooperation, negotiators frequently choose competitive strategies. This reduces their ability to build enduring solutions that meet both negotiators' needs. In this project, we investigate the role of trust in fostering cooperation. Although trust is a pre-requisite for cooperation, negotiation research is yet to systematically explore how trust is built, sustained and violated. We test h ....The Dynamics of Trust in Negotiation: Implications for Strategy and Outcomes. Despite the benefits of cooperation, negotiators frequently choose competitive strategies. This reduces their ability to build enduring solutions that meet both negotiators' needs. In this project, we investigate the role of trust in fostering cooperation. Although trust is a pre-requisite for cooperation, negotiation research is yet to systematically explore how trust is built, sustained and violated. We test how first impressions establish trust and how patterns of communication sustain trust. We also test how salient events punctuate negotiations and alter trust. Our goal is to identify those processes that facilitate trust and cooperation in negotiation.Read moreRead less