About this Course

This unit addresses the skills and knowledge required to develop, implement and maintain remuneration plans and processes across the organisation. It covers benchmarking remuneration processes and reviewing the effectiveness of current remuneration processes.

1. Develop processes for the delivery of remuneration 

2. Facilitate implementation of remuneration processes

3. Monitor and review remuneration processes

Learning Outcomes

1. Develop processes for the delivery of remuneration

• Research current trends on remuneration plans and processes to understand current job market
• Develop a pay structure which reflects organisation and labour market conditions
• Develop processes and procedures which support the pay structure
• Identify key stakeholders to gain commitment and approval of the remuneration processes and procedures

2. Facilitate implementation of remuneration processes

• Provide support to address skill gaps of employees implementing remuneration processes
• Develop a detailed action plan for maintaining remuneration processes
• Communicate the remuneration system to stakeholders to maintain support

3. Monitor and review remuneration processes

• Develop processes and systems for gathering measurement data and feedback
• Analyse measurement data and feedback to establish performance against required criteria
• Review best practices in remuneration to identify potential improvements
• Recommend refinements or modifications to remuneration process

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