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Monash University awarded Best Use of Technology by AHRI
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The Australian HR Institute has awarded Monash University "Best Use of Technology", thanks to the successful utilisation of strategic analytics to address gender pay gaps. Within the first year, Monash significantly reduced disparities and set ambitious pay equity targets.
The HR analytics program has provided crucial insights, as well as fostered a culture of performance, transparency, and accountability.
New Staff Code of Conduct policy
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Monash University has introduced a new Staff Code of Conduct policy suite to promote a safe, respectful, and inclusive work environment. This policy outlines expectations for ethical conduct, integrity, accountability, and respect among staff, aligning with the University's core values. It includes procedures for reporting and responding to unacceptable conduct, supporting the existing Equity, Diversity and Anti-discrimination Policy, and the upcoming Sexual Harm Prevention and Response Policy.
The initiative aims to foster a positive ethical culture where staff feel valued and supported.
Global staff engagement survey
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Professor Sharon Pickering, Vice-Chancellor and President of Monash University, shared the results of the 'Your Say' staff engagement survey, which had a 65% participation rate. The survey revealed high levels of pride and understanding of work contributions among staff, as well as a positive view of the University's inclusive culture. Immediate actions, such as addressing parking costs, have been taken in response to feedback.
Future steps include improving communication, collaboration, and innovation, with briefings planned for leadership and local executive leaders to discuss results and responses. The 'Your Say' survey aims to enhance Monash as a workplace, aligning with its mission of social and technological transformation.
Monash University 2023 financial results
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Monash University's 2023 Annual Report, tabled in the Parliament of Victoria, highlights the financial recovery post-COVID-19, with a consolidated surplus of $33.3 million in 2023. Despite challenges such as a shortfall in international student revenue, the University's financial performance improved due to strong investment portfolio returns. However, the underlying result, excluding investment portfolio returns, shows an operating deficit of $145.3 million, indicating the need for increased student enrolments and careful expenditure management to achieve sustainable financial health.
The university remains committed to strategic investments to support its Impact 2030 goals, focusing on student experience and research excellence.
Monash University reaches new enterprise agreement with NTEU
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Monash University has successfully concluded a staff ballot on a proposed enterprise agreement for its Australian campuses, with 93.27% of votes in favour, and reached a new enterprise agreement with the National Tertiary Education Union (NTEU) for academic and professional staff. These agreements, pending approval and endorsement, aim to enhance working conditions, promote decent work and economic growth, and reflect Monash's commitment to addressing global challenges:
Professional development enhancing work at Monash
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Monash University is enhancing management skills, recruitment processes, and inclusivity in the workplace: