Elements and Performance Criteria
- Update organisation’s remuneration strategy
- Identify the scope of remuneration and benefits plans in consultation with relevant stakeholders
- Research current practice, recent developments and legislative parameters for remuneration strategy
- Develop and refer remuneration and employee benefits options for consideration by relevant stakeholders
- Assist in presenting options and describing link to organisational strategic objectives
- Record agreed remuneration policies and incentive plans
- Coordinate remuneration and employee benefits strategy
- Determine occupational groups that are industrial agreement based
- Ensure organisation is competitive in its particular occupational group
- Align remuneration and benefits plans with performance management system
- Ensure remuneration and employee benefits are according to legal requirements and organisational policies and procedures
- Ensure incentive arrangements, if relevant, comply with the organisation’s remuneration strategy
- Review and update remuneration strategy