- BSBHRM505A - Manage remuneration and employee benefits
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBHRM505A Mapping and Delivery Guide
Manage remuneration and employee benefits
Version 1.0
Issue Date: April 2024
| Qualification | - |
Unit of Competency | BSBHRM505A - Manage remuneration and employee benefits |
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| Description | This unit describes the performance outcomes, skills and knowledge required to implement an organisations remuneration and benefit plans. It incorporates all functions associated with remuneration including packaging, salary benchmarking, market rates reviews, bonuses and the legislative aspects of remuneration and employee benefits.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.This unit describes the performance outcomes, skills and knowledge required to implement an organisations remuneration and benefit plans. It incorporates all functions associated with remuneration including packaging, salary benchmarking, market rates reviews, bonuses and the legislative aspects of remuneration and employee benefits.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
| Employability Skills | This unit contains employability skills.This unit contains employability skills. | ||
| Learning Outcomes and Application | This unit applies to human resources managers who have responsibility for overseeing the organisations remuneration process.This unit applies to human resources managers who have responsibility for overseeing the organisations remuneration process. | ||
| Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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| Prerequisites/co-requisites | |||
| Competency Field | Workforce Development - Human Resource ManagementWorkforce Development - Human Resource Management | ||
| Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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| Elements of Competency | Performance Criteria | |||||||
| Element: Develop organisation's remuneration strategy |
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| Element: Implement remuneration strategy |
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| Element: Review and update remuneration strategy |
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Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Evidence of the following is essential: compliance with all of the legal aspects of managing remuneration and benefits demonstrated capacity to research and apply remuneration strategies to different occupational groups and circumstances application of awards and agreements to structure remuneration processes knowledge of the requirements of the Australian Tax Office in relation to income tax, superannuation reporting, FBT and bonus payments. |
Context of and specific resources for assessment | Assessment must ensure: access to appropriate documentation and resources normally used in the workplace. |
Method of assessment | A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: assessment of written reports on remuneration models and approaches direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate review of research undertaken on current practice, recent developments and legislative parameters for the remuneration strategy review of remuneration options developed for consideration by relevant managers oral or written questioning to assess knowledge of legislation and the taxation system. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: other units from the Diploma of Human Resources Management. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
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Required skills |
interpersonal skills and ethics to communicate sensitively about remuneration and to observe confidentiality mathematical and technology skills to calculate costs to the organisation, to graph salary costs and to link salaries to budgets research skills to determine appropriate models of remuneration and benefits for particular occupational groups and individuals. |
Required knowledge |
leasing arrangements including novated leases models for bonus/incentive schemes including gain sharing/profit sharing relevant legislation remuneration principles/models and strategies requirements of Australian Tax Office in relation to income tax, superannuation reporting, FBT and bonus payments. award structures for industrial agreements. |
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. | |
Remuneration and benefits may include: | allowances annual leave bonuses/incentives competency-based progression employee share plans ex gratia payments expense reimbursement family/carer's leave fringe benefits leave without pay long service leave motor vehicle salaries and wages share options sick leave special leave study leave superannuation |
Market rates surveys may include: | data from remuneration specialists general community surveys industry salary benchmarking surveys conducted by the organisation |
Salary packages refers to: | payment arrangement where the total remuneration and benefits payable to an employee are calculated as total cost of employment (i.e. salary, allowances, motor vehicle, superannuation and fringe benefits) it does not include payroll tax or workers compensation insurance |
Incentive arrangements may include: | commission bonuses share plans share options gain sharing profit sharing |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
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| Analyse strategic and operational plans to determine the scope of remuneration and benefits plans | |||
| Undertake research on current practice, recent developments and legislative parameters for the remuneration strategy | |||
| Develop options for consideration by relevant managers | |||
| Present options showing the link to organisational strategic objectives | |||
| Ensure remuneration policies and incentive plans are agreed and documented | |||
| Research occupational groups to determine those which are industrial agreement based | |||
| Access/undertake market rates surveys regularly to ensure the organisation's required level of competitiveness for particular occupational groups is maintained | |||
| Align remuneration and benefits plans with performance management system | |||
| Ensure that employees receive at least their minimum entitlements in accordance with organisational policies and legal requirements | |||
| Ensure salary packages comply with organisational policies and legal requirements including fringe benefits tax (FBT) and superannuation | |||
| Ensure incentive arrangements, if included, comply with the organisation's remuneration strategy | |||
| Consult managers and employees about the effectiveness of the remuneration strategy | |||
| Amend strategy and plans as necessary to meet organisational policies and legal requirements |
Forms
Assessment Cover Sheet
BSBHRM505A - Manage remuneration and employee benefits
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
BSBHRM505A - Manage remuneration and employee benefits
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: