Unit of Competency
Manage Remuneration and Employee Benefits BSBHRM505A

The manage remuneration and employee benefits course is a unit of competency (BSBHRM505A) in the nationally recognised Diploma of Human Resources Management. The course is designed for those engaged in an organisation’s remuneration and employee benefits systems or strategy.The course is based on the management and operation of an organisation’s total remuneration system and the strategies on which it is based. Remuneration and employee benefits are a critical component of human resources management and has a vital impact on organisational performance and culture. Employers in both public and private sectors needs a system which does not stifle motivation and productivity. At the same time the impact of finances, the law, confidentiality and market forces all need to be considered by the organisation.Human resources practitioners need to implement policies and strategies for different occupational groups and circumstances as well as ensure consistency and equality.Individual and group feedback will be utilised to ensure that all forms of salary packaging and employee benefits are explored..

Learn about:

• researching remuneration systems
• developing organisational strategies
• remuneration packaging procedures
• review and updating remuneration
• improving remuneration systems
• effectiveness of employee benefits
• use of third parties
• legal implications
• impact on productivity and morale
• differences between public and private sector
• documenting agreements

Content

Topic 1. Developing remuneration systems

• Strategic and business plans
• Remuneration systems
• Researching remuneration practices
• Developing options
• Presenting effective remuneration ideas
• Documenting agreed policy and procedures

Topic 2. Implementing remuneration policy and strategy

• Award and agreement based occupational groups
• External competitiveness and internal consistency
• Remuneration and performance
• Legal requirements
• Salary packaging and fringe benefits
• Employee incentive plans

Topic 3. Improving remuneration strategy

• Remuneration strategy effectiveness
• Seeking staff feedback
• Improving policy and procedures

Award

A Certificate of Attendance will be issued at the completion of the course.

A Nationally Accredited Statement of Attainment will be issued to those who successfully complete the workplace based project as part of the Diploma of Human Resource Management.

Duration of Course

Two Days 9.00am - 4.30pm

Course Fee (GST Free)

Fee Member AUD $570
Fee Non Member AUD $670

Course Venue

AFEI
Level 2, 97-99 Bathurst Street
Sydney NSW 2000

Other Details

Fee includes assessment for accreditation, morning & afternoon teas, light lunch and course materials.

Course ID Date(s)