Unit of competency Outline

Date retreived
22/07/2026 3:41 PM AWST

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Manage remuneration and employee benefits

Manage remuneration and employee benefits

Unit of competency
National Code
BSBHRM505
State Code
AUK49
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
09/04/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080303 - Human Resource Management
Original Release Date
15/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to implement an organisation’s remuneration and benefit plans. It incorporates all functions associated with remuneration, including packaging, salary benchmarking, market rate reviews, bonuses and the legislative aspects of remuneration and employee benefits.It applies to individuals who are human resource managers responsible for overseeing an organisation’s remuneration process.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
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
No information
No information
Replaces
State Code National Code Title Type
D4863 BSBHRM505B Manage remuneration and employee benefits Unit of competency
Replaced By
State Code National Code Title Type
OCF28 BSBHRM528 Coordinate remuneration and employee benefits Unit of competency