About this Course

This unit addresses the skills and knowledge required to develop and manage remuneration and benefits system of an organisation. It covers  the development of a competitive remuneration and benefits strategy and supporting employees to implement the strategy.  

1. Assess remuneration strategy requirements

2. Facilitate implementation of remuneration strategy 

3. Monitor the remuneration strategy

Learning Outcomes

1. Assess remuneration strategy requirements

• Analyse internal and external factors to identify trends and their impact on the organisation strategies, people management/human capital functions and remuneration strategies
• Consult stakeholders to clarify expectations of the remuneration strategy and confirm alignment with strategic goals
• Review trends and measures data to determine the remuneration strategy

2. Facilitate implementation of remuneration strategy

• Support implementation of the remuneration strategy by facilitating the development of policies and acquiring resources
• Communicate remuneration strategy to encourage buy-in from stakeholders 
• Support employees  to implement the remuneration strategy

3. Monitor the remuneration strategy

• Identify criteria to evaluate the performance of remuneration strategy
• Support the development of processes and systems to gather measurement data and feedback
• Monitor external influences and trends that may impact on remuneration strategy
• Analyse data to approve refinements to the remuneration strategy

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