BSBHRM505 Manage remuneration and employee benefits

Reference no: EM132449801

BSBHRM505 - Manage remuneration and employee benefits

Assessment overview

To achieve the requirements of the unit BSBHRM505 Manage remuneration and employee benefits, you are required to complete the four (4) mandatory assessment tasks included in this unit in chronological order.

By completing these assessment tasks, you will be assessed on your knowledge and your ability to:
• Develop remuneration strategies for different occupational groups
• Manage remuneration and benefits in accordance with all legislative and ethical requirements and operational policies
• Apply awards and agreements to remuneration processes
• Apply requirements of the Australian taxation office in relation to income tax, superannuation reporting, FBT and bonus payments.

Assessment 1 - Written Activities

Your task is to carefully read and consider each of the following eight (8) activities. Answer each in their correct order and submit your responses to your assessor. To complete this assessment task, you will need to access to a computer with an internet connection to conduct research as required.
You will also need to access and read documents from the list below, which are located on the located on the Global Star Enterprises (GSE) intranet > Policies & Procedures > Human Resources > General >
• ‘Code of Ethics'
• ‘Grievance and Dispute Policy and Procedure'
• ‘Remuneration and Benefits Policy'

Problem 1
Explain the remuneration principles of each remuneration model listed in the table.

Problem 2
For organisations to retain and attract staff, comply with legislation and be an employer of choice, they need to consider ethical practices when developing their remuneration strategies. Provide an overview of general ethical requirements, ethical obligations of Human Resource (HR) teams and ethical behaviours that pertain to remuneration and benefits strategies.

Problem 3
List five (5) mandatory and five (5) non-mandatory components that may form part of a benefits package.

Problem 4
List four (4) basic strategies that an employer could implement in becoming an employer of choice.

Problem 5
To complete this assessment, you will need access to the internet. Use the following website to complete this Problem

Research and identify which industrial instrument or modern award that would apply to each group listed in the table.

Problem 6
To complete this assessment task, you will need to access and read documents from the list below, which are located on the located on the Global Star Enterprises (GSE) intranet > Policies & Procedures > Human Resources > General >
• ‘Code of Ethics'
• ‘Grievance and Dispute Policy and Procedure'
• ‘Remuneration and Benefits Policy'
When you are in charge of managing remuneration and employee benefits, you must do so in accordance with organisational policies and procedures. Access the policies and procedures that will impact remuneration as GSE listed in the table below and provide a summary of each.

Problem 7
When you are managing employee remuneration and benefits you must you must ensure that you do so in line with legislative and regulatory requirements.
Conduct research online and identify legislation, regulations and standards that may impact remuneration strategies. Explain the key features of each legislation, regulation and standard.
Note: You may need to conduct research online to ensure you are referring to the most current legislation, regulation, standard and codes.

Problem 8

To complete this assessment, you will need access to the internet.

Conduct research online to determine the requirements of the Australian Taxation Office (ATO) pertaining to Fringe benefits tax (FBT) and bonus payments, income tax and superannuation reporting. For each component in the table, list the applicable ATO requirements.

Assessment 2 - Scenario

To complete this assessment task, you will need to analyse the following documents located on the Global Star Enterprises (GSE) intranet > Policies & Procedures >
• Human Resources > General > ‘Code of Conduct'
• Human Resources > General > ‘Code of Ethics'
• Human Resources > General > ‘Email and Online Communications Use Policy'
• Human Resources > General > ‘Internal Communication Guidelines'
• Human Resources > General > ‘Remuneration and Benefits Policy'
• Human Resources > General > ‘Retention of staff Policy'
• Human Resources > General > ‘Rewards and recognition Policy'
• Human Resources > General > ‘Salary Sacrifice Policy'
• Human Resources > Position Descriptions > ‘Sales Representative'
• Style Guides & Templates > General > ‘Email Template'

Scenario
For this assessment, you are Paul Fitzpatrick, a Remuneration Specialist working for Global Star Enterprises (GSE). It has been two (2) weeks since the remuneration strategies were implemented. You have been fielding a range of Problems from staff while they adjust to the new changes.

Problem 1
To complete this assessment task, you will need to access, follow and use documents from the list below, which are located on the Global Star Enterprises (GSE) intranet > Policies & Procedures >
• Human Resources > General > ‘Email and Online Communications Use Policy'
• Human Resources > General > ‘Internal Communication Guidelines'
• Style Guides & Templates > General > ‘Email Template'
As GSE does not have a formal domestic violence policy, to respond to Tina's email, you will need to review the award that applies to the staff member and the National Employment Standards. Based on the information you review, write an email to Tina which includes:
a. The number of days leave the staff member is entitled to
b. Whether the leave is paid or unpaid
c. Reference to the Employee Assistance Program (EAP)
Your email must be written using the GSE Email Template, applying your interpersonal skills and using professional language in accordance with the GSE ‘Email and Online Communications Use Policy'. Your email must be written using the correct format and must have accurate spelling, grammar and terminology.

Problem 2
To complete this assessment task, you will need to analyse the following documents located on the Global Star Enterprises (GSE) intranet > Policies & Procedures >
• Human Resources > General > ‘Email and Online Communications Use Policy'
• Human Resources > General > ‘Internal Communication Guidelines'
• Human Resources > General > ‘Remuneration and Benefits Policy'
• Human Resources > General > ‘Retention of staff Policy'
• Human Resources > General > ‘Rewards and recognition Policy'
• Human Resources > General > ‘Salary Sacrifice Policy'
• Style Guides & Templates > General > ‘Email Template'
As requested, you must review the contract Connie has prepared and make applicable changes. To do this, complete the following steps:
1. Access and read your remuneration plan
2. Review the contract and ensure the information is accurate, making changes as needed.
3. Add in the following information:
a. Commission rates for sales reps
b. Fringe benefit tax requirements
c. Additional superannuation contributions (including tax requirements)
d. Salary sacrifice options
4. Check the contract to ensure that it complies with legislative and organisation requirements
5. Save the updated contract as Updated_Contract-Robin_Price
6. Send the new contract to Connie via email which includes:
a. An overview of changes made
b. The importance of complying with legislation when developing contracts
c. Why including benefit information in the contract is important
d. Offer of assistance and guidance in the future if required
7. Save your email as YourName_BSBHRM505_A3_Q2
Upload your completed contract and email as two (2) separate documents below
Your email must be written using the GSE Email Template and using professional language which enhances the positive image of GSE, builds rapport and maintains positive working relationships and in accordance with the GSE ‘Email and Online Communications Use Policy'.

Problem 3
To complete this assessment task, you will need to access, follow and use documents from the list below, which are located on the Global Star Enterprises (GSE) intranet > Policies & Procedures >
• Human Resources > General > ‘Email and Online Communications Use Policy'
• Human Resources > General > ‘Internal Communication Guidelines'
• Style Guides & Templates > General > ‘Email Template'
Write an email response to Joe which includes:
a. The correct commission rate for the sales rep based on the current attainment percentage
b. An overview of the commission scale in place
c. An offer of assistance and guidance in the future if required
Your email must be written using the GSE Email Template, applying your interpersonal skills and using professional language in accordance with the GSE ‘Email and Online Communications Use Policy'. Your email must be written using the correct format and must have accurate spelling, grammar and terminology.

Assessment 3 - Scenario

Scenario
For this assessment, you are Paul Fitzpatrick, a Remuneration Specialist working for Global Star Enterprises (GSE). It has been six (6) months since the remuneration strategies were implemented. You will need to obtain feedback and review the market rates to see if the current strategies are meeting requirements.

Problem 1
To complete this assessment task, you will need to analyse the following documents located on the Global Star Enterprises (GSE) intranet > Policies & Procedures >
• Human Resources > General > ‘Code of Conduct'
• Human Resources > General > ‘Code of Ethics'
• Human Resources > General > ‘Email and Online Communications Use Policy'
• Human Resources > General > ‘Internal Communication Guidelines'
• Style Guides & Templates > General > ‘Email Template'

1. Access and use this template to develop your survey.
2. Develop survey Problems in accordance with the task parameters, conducting research online to obtain sample survey Problems as needed
3. Save your survey as YourName_BSBHRM505_Survey
4. Consult with managers and employees by sending the survey via email ([email protected]) which includes an overview of what is attached and how their feedback helps remuneration strategies at GSE.
Your email must be written using the GSE Email Template, applying your interpersonal skills and using professional language in accordance with the GSE ‘Email and Online Communications Use Policy'. Your email must be written using the correct format and must have accurate spelling, grammar and terminology.
5. Save your email as YourName_BSBHRM505_A4_Q1
Upload your survey and email as two (2) separate documents below.

Problem 2
To complete this assessment task, you will need to access, follow and use documents from the list below, which are located on the Global Star Enterprises (GSE) intranet > Policies & Procedures >
• Human Resources > General > ‘Email and Online Communications Use Policy'
• Human Resources > General > ‘Internal Communication Guidelines'
• Human Resources > Recruitment > ‘Hays Salary Guide'
• Style Guides & Templates > General > ‘Email Template'

As instructed, you must access the Hays Salary Guide on the GSE intranet and compare it with the latest guide on the Hays Website. Based on your analysis, write an email response to Sarah which includes:
a. An overview of your findings
b. Your recommendations for the current remuneration strategy
c. How GSE can ensure they remain an employer of choice
Your email must be written using the GSE Email Template, applying your interpersonal skills and using professional language in accordance with the GSE ‘Email and Online Communications Use Policy'. Your email must be written using the correct format and must have accurate spelling, grammar and terminology.

Problem 3

You have received an email response from Sarah:
As requested, you must amend your remuneration plan based on the changes in the market. To complete this task, you must:
1. Make applicable changes to Section 9 in your remuneration plan based on the instructions Sarah has provided, using ‘tracked changes'. For instructions on how to turn on tracked changes, click here.
2. Save your amended plan as ‘YourName_Remuneration_Plan_V3'

Attachment:- Manage remuneration and employee benefits.rar

Reference no: EM132449801

Questions Cloud

How many years would you predict it would take : How many years would you predict it would take for Tanzania's population to double?

Develop computer and internet security policies : Develop a computer and internet security policies for the organization that covers the following.

Environmental decisions-federal agencies : The courts have historically given the benefit of the doubt in environmental decisions to federal agencies tasked with administering the laws.

Describe how you would use the scientific approach : Describe how you would use the scientific approach for the following situation:

BSBHRM505 Manage remuneration and employee benefits : BSBHRM505 Manage remuneration and employee benefits Assignment Help and Solution - Develop remuneration strategies Assessment Writing Service

Determine the health of a terrestrial ecosystem : How can the local landholders and public policy contribute to preventing the degradation of the terrestrial ecosystem?

Dicuss JE consideration of goodwill regarding Dynamic and ZD : Identify the specific accounting issue that you believe needs to be initially addressed for JE's consideration of goodwill regarding both Dynamic and ZD.

Cryptography is used to protect confidential data : Cryptography is used to protect confidential data in many areas. Chose one type of cryptography attack and briefly explain how it works

Complete the virtual demographic lab : In this lab you will explore a fully functional simulation, based on real demographic data. You will examine important demographic trends through a series

User Account

All Pages