BSBHRM505

Upon successful completion of this unit, you will:

    • develop remuneration strategies for different occupational groups
    • manage remuneration and benefits in accordance with 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, FBT and bonus payments

Demonstrate knowledge of:

  • remuneration principles or models and approaches
  • the ethical practices relating to remuneration and benefits strategies
  • various remuneration or employee benefits
  • ways to position an organisation an ’employer of choice’
  • award structures for industrial agreements
  • organisational policies and procedures affecting remuneration strategies
  • relevant legislation, regulations and standards that may affect remuneration strategies
  • the requirements of the Australian Taxation Office in relation to:
    • income tax
    • superannuation reporting
    • FBT and bonus payments