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Evidence Guide: BSBHRM528 - Coordinate remuneration and employee benefits

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBHRM528 - Coordinate remuneration and employee benefits

What evidence can you provide to prove your understanding of each of the following citeria?

Update organisation’s remuneration strategy

  1. Identify the scope of remuneration and benefits plans in consultation with relevant stakeholders
  2. Research current practice, recent developments and legislative parameters for remuneration strategy
  3. Develop and refer remuneration and employee benefits options for consideration by relevant stakeholders
  4. Assist in presenting options and describing link to organisational strategic objectives
  5. Record agreed remuneration policies and incentive plans
Identify the scope of remuneration and benefits plans in consultation with relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research current practice, recent developments and legislative parameters for remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and refer remuneration and employee benefits options for consideration by relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist in presenting options and describing link to organisational strategic objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record agreed remuneration policies and incentive plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Coordinate remuneration and employee benefits strategy

  1. Determine occupational groups that are industrial agreement based
  2. Ensure organisation is competitive in its particular occupational group
  3. Align remuneration and benefits plans with performance management system
  4. Ensure remuneration and employee benefits are according to legal requirements and organisational policies and procedures
  5. Ensure incentive arrangements, if relevant, comply with the organisation’s remuneration strategy
Determine occupational groups that are industrial agreement based

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure organisation is competitive in its particular occupational group

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Align remuneration and benefits plans with performance management system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure remuneration and employee benefits are according to legal requirements and organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure incentive arrangements, if relevant, comply with the organisation’s remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and update remuneration strategy

  1. Consult managers and employees about the effectiveness of the remuneration strategy
  2. Amend strategy and plans as necessary to meet organisational policies and legal requirements
Consult managers and employees about the effectiveness of the remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Amend strategy and plans as necessary to meet organisational policies and legal requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

develop a remuneration strategy for at least two different occupational groups.

In the course of the above, the candidate must:

manage remuneration and benefits according to all legislative and ethical requirements and operational policies

apply awards and agreements to remuneration processes

apply requirements of the Australian Taxation Office in relation to income tax, superannuation reporting, fringe benefits tax (FBT) and bonus payments.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

remuneration principles or models and approaches

ethical practices relating to remuneration and benefits strategies

common remuneration or employee benefits

ways to position an organisation to be an ‘employer of choice’

relevant industrial agreements

organisational policies and procedures affecting remuneration strategies

relevant legislation, regulations and standards that may affect remuneration strategies

relevant business ethical requirements

requirements of the Australian Taxation Office in relation to:

income tax

superannuation reporting

FBT and bonus payments.