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
