Evidence Criteria
Do the student’s answers do the following in sufficient depth (full sentences to paragraphs):
•outline remuneration principles or models and approaches
•explain the ethical practices relating to remuneration and benefits strategies
•outline various remuneration or employee benefits
•describe ways to position an organisation an 'employer of choice'
•outline award structures for industrial agreements
•summarise organisational policies and procedures affecting remuneration strategies
•identify relevant legislation, regulations and standards that may affect remuneration strategies
•list the requirements of the Australian Taxation Office in relation to:
income tax
superannuation reporting
Questions
1.List and describe two (2) principles used to determine employee remuneration in Australia today.
2. Describe what is meant by the following terms and how they are used in determining employee remuneration.
a. Hourly wage
b. Salary
c. Piecework rate
3. What is meant by ethical practice in the context of employee remuneration? Explain how this affects the way an employer determines what to pay their employees.
4. List and describe three (3) types of remuneration used in Australia today and give an example of what type of industry or role you might commonly find these used in.
5. List and describe three (3) types of benefits which are required by Australian law to be provided by employers to their employees.
6. Explain what is meant by the term, Employer of Choice. What does a business or organisation need to do to become an employer of choice?
7. Compare and contrast Employee Awards and Industrial (Enterprise) Agreements and explain how they work in relation to employee pay structure (see pages 372-375 of your textbook for further information)?
8. Describe what is meant by Product Markets and Labour Markets. How do these help employers to determine what they will pay their employees?
9. What is the name of the law that governs remuneration and employee benefits in Australia? What standards did this law enact and how do they affect employer remuneration strategies?
10. Describe what requirements the Australian Taxation Office (ATO) has in relation to:
a. Income Tax
b. Superannuation reporting
c. Fringe Benefits Tax
d. Bonus paymentsa
