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Evidence Guide: BSBHRM505 - Manage remuneration and employee benefits

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBHRM505 - Manage remuneration and employee benefits

What evidence can you provide to prove your understanding of each of the following citeria?

Develop organisation’s remuneration strategy

  1. Analyse strategic and operational plans to determine the scope of remuneration and benefits plans
  2. Undertake research on current practice, recent developments and legislative parameters for remuneration strategy
  3. Develop options for consideration by relevant managers
  4. Present options showing the link to organisational strategic objectives
  5. Ensure remuneration policies and incentive plans are agreed and recorded
  6. Ensure organisation is positioned as an employer of choice and regarded as a desirable workplace
Analyse strategic and operational plans to determine the scope of remuneration and benefits plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake research on current practice, recent developments and legislative parameters for remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop options for consideration by relevant managers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present options showing the link to organisational strategic objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure remuneration policies and incentive plans are agreed and recorded

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure organisation is positioned as an employer of choice and regarded as a desirable workplace

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement remuneration strategy

  1. Research occupational groups to determine those which are industrial agreement based
  2. Access or undertake market rates surveys regularly to ensure the organisation’s required level of competitiveness for particular occupational groups is maintained
  3. Align remuneration and benefits plans with performance management system
  4. Ensure employees receive at least their minimum entitlements according to organisational policies and legal requirements
  5. Ensure salary packages comply with organisational policies and legal requirements, including fringe benefits tax (FBT) and superannuation
  6. Ensure incentive arrangements, if included, comply with the organisation’s remuneration strategy
Research occupational groups to determine those which are industrial agreement based

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access or undertake market rates surveys regularly to ensure the organisation’s required level of competitiveness for particular occupational groups is maintained

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Align remuneration and benefits plans with performance management system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure employees receive at least their minimum entitlements according to organisational policies and legal requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure salary packages comply with organisational policies and legal requirements, including fringe benefits tax (FBT) and superannuation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure incentive arrangements, if included, comply with the organisation’s remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and update remuneration strategy

  1. Consult managers and employees about the effectiveness of the remuneration strategy
  2. Amend strategy and plans as necessary to meet organisational policies and legal requirements
Consult managers and employees about the effectiveness of the remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Amend strategy and plans as necessary to meet organisational policies and legal requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop organisation’s remuneration strategy

  1. Analyse strategic and operational plans to determine the scope of remuneration and benefits plans
  2. Undertake research on current practice, recent developments and legislative parameters for remuneration strategy
  3. Develop options for consideration by relevant managers
  4. Present options showing the link to organisational strategic objectives
  5. Ensure remuneration policies and incentive plans are agreed and recorded
  6. Ensure organisation is positioned as an employer of choice and regarded as a desirable workplace
Analyse strategic and operational plans to determine the scope of remuneration and benefits plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake research on current practice, recent developments and legislative parameters for remuneration strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop options for consideration by relevant managers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present options showing the link to organisational strategic objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure remuneration policies and incentive plans are agreed and recorded

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure organisation is positioned as an employer of choice and regarded as a desirable workplace

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Develop organisation’s remuneration strategy

1.1 Analyse strategic and operational plans to determine the scope of remuneration and benefits plans

1.2 Undertake research on current practice, recent developments and legislative parameters for remuneration strategy

1.3 Develop options for consideration by relevant managers

1.4 Present options showing the link to organisational strategic objectives

1.5 Ensure remuneration policies and incentive plans are agreed and recorded

1.6 Ensure organisation is positioned as an employer of choice and regarded as a desirable workplace

2 Implement remuneration strategy

2.1 Research occupational groups to determine those which are industrial agreement based

2.2 Access or undertake market rates surveys regularly to ensure the organisation’s required level of competitiveness for particular occupational groups is maintained

2.3 Align remuneration and benefits plans with performance management system

2.4 Ensure employees receive at least their minimum entitlements according to organisational policies and legal requirements

2.5 Ensure salary packages comply with organisational policies and legal requirements, including fringe benefits tax (FBT) and superannuation

2.6 Ensure incentive arrangements, if included, comply with the organisation’s remuneration strategy

3 Review and update remuneration strategy

3.1 Consult managers and employees about the effectiveness of the remuneration strategy

3.2 Amend strategy and plans as necessary to meet organisational policies and legal requirements

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Develop organisation’s remuneration strategy

1.1 Analyse strategic and operational plans to determine the scope of remuneration and benefits plans

1.2 Undertake research on current practice, recent developments and legislative parameters for remuneration strategy

1.3 Develop options for consideration by relevant managers

1.4 Present options showing the link to organisational strategic objectives

1.5 Ensure remuneration policies and incentive plans are agreed and recorded

1.6 Ensure organisation is positioned as an employer of choice and regarded as a desirable workplace

2 Implement remuneration strategy

2.1 Research occupational groups to determine those which are industrial agreement based

2.2 Access or undertake market rates surveys regularly to ensure the organisation’s required level of competitiveness for particular occupational groups is maintained

2.3 Align remuneration and benefits plans with performance management system

2.4 Ensure employees receive at least their minimum entitlements according to organisational policies and legal requirements

2.5 Ensure salary packages comply with organisational policies and legal requirements, including fringe benefits tax (FBT) and superannuation

2.6 Ensure incentive arrangements, if included, comply with the organisation’s remuneration strategy

3 Review and update remuneration strategy

3.1 Consult managers and employees about the effectiveness of the remuneration strategy

3.2 Amend strategy and plans as necessary to meet organisational policies and legal requirements