BSBHRM505: Assignment on Managing Remuneration and Benefits

This assignment, completed for the BSBHRM505 unit at Gateway Business College, focuses on managing remuneration and employee benefits. It addresses various aspects, including analyzing strategic and operational plans for remuneration scope, researching factors affecting remuneration strategy, developing and presenting remuneration options, understanding incentive plans and policies, and strategies for achieving employer-of-choice status. The assignment also covers researching industry agreements, accessing market rate surveys, aligning remuneration with performance management, ensuring employees receive minimum entitlements, and evaluating remuneration and benefits plans. It includes activities that require students to research, analyze, and provide detailed explanations on each of these topics, demonstrating a comprehensive understanding of remuneration and employee benefits management.

Assessment Cover Sheet
Student name: Student ID:
Unit code & name: BSBHRM505 Manage remuneration and employee benefits
Qualification: BSB50615 – Diploma of Human Resources Management
Trainer name:
Date Due: 18.04.2019
Date submitted :
1st Attempt Result
(For the assessor) Competent Not Yet Competent
Assessor signature Date:
2nd Attempt Result
(For the assessor) Competent Not Yet Competent
Assessor signature Date:
3rd Attempt Result
(For the assessor) Competent Not Yet Competent
Assessor signature Date:
Comments
(must be included if
result is Not
Satisfactory)
Declaration:
 I hereby declare that no part of this assignment or product has been copied from any other student’s work or from any
other source except where due acknowledgement is made in the assignment.
 No part of the assignment/product has been written / produced for me by any other person except where
collaboration has been authorised by the trainer/assessor concerned
 I am aware that this work may be reproduced and submitted to plagiarism detection software programs etc.
for the purpose of detecting possible plagiarism (which may retain a copy on its database for future
plagiarism checking)
 I have read and I clearly understand GBC assessment, course progress and intervention policies.
Student signature: ______________________________________
Note: The assessor may not mark this assignment if the above declaration is not ticked and signed

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Assessment instructions
Overview
Assessment methods can be: Written tests Direct observation Product-based methods e.g. reports, role plays, work samples Questioning/ Interview Workplace simulation
All assessment tasks should be completed in the class room, unless approved by the assessor. Prior to commencing the
assessments, your trainer/assessor will explain each assessment task and the terms and conditions relating to the assessment
tasks. Please consult with your trainer/assessor if you are unsure of any questions. It is important that you understand and
adhere to the terms and conditions, and address fully each assessment task.. Your trainer/assessor will remain available to
support you throughout the assessment process.
Written Assessments
Written assessment tasks are used to measure your understanding and underpinning knowledge of the overall unit of
competency. While undertaking any written assessment tasks, please ensure that you type the following criteria in the space
provide in the columns: Address each question including any sub-points as per the instructions provided with each question in the column Demonstrate that you have researched the topic thoroughly Cover the topic in a logical, structured manner Your assessment tasks are well presented, well referenced
Please note:
All the written assessments are closed book When you have completed a written task you should print the assessment guide and submit it to your assessor No hand written or supplementary work will be accepted without the permission of the assessor.
Assessment Results
The result of each task will be either ‘satisfactory’ or ‘not satisfactory’. If unsatisfactory, you will be given the opportunity
for reassessment. Unsatisfactory written assessments will be returned to you for resubmission.
Competency outcome
Once you have satisfactorily completed all the tasks for this unit you will be awarded “Competent” (C) or “Not yet Competent”
(NYC) for the relevant unit of competency.
Additional evidence
If GBC, at its sole discretion, determine that it require additional or alternative information/evidence in order to determine
competency, you must provide us with such information/evidence, subject to privacy and confidentiality issues. GBC retain this
right at any time, including after submission of your assessments.
Assessment appeals process
If you feel that you have been unfairly treated during your assessment, and you are not happy with your assessment and/or
the outcome as a result of that treatment, you have the right to lodge an appeal. You must first discuss the issue with your
trainer/assessor. If you would like to proceed further with the request after discussions with your trainer/assessor, you need to
lodge your appeal, in writing, outlining the reason(s) for the appeal.
Special needs
Candidates with special needs should notify their trainer/assessor to request any required adjustments as soon as possible.
This will enable the trainer/assessor to address the identified needs immediately . If you feel you are not yet ready to be
assessed or that this assessment is unfair, please contact your assessor to discuss your options. You have the right to formally
appeal any outcome and, if you wish to do so, discuss this with your trainer/assessor.

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Table of Contents
Assessment Schedule ........................................................................................................................ 3
Activities .......................................................................................................................................... 4
Activity 1A ............................................................................................................................................ 4
Activity 1B............................................................................................................................................. 6
Activity 1C ............................................................................................................................................. 6
Activity 1D ............................................................................................................................................ 7
Activity 1E ............................................................................................................................................. 8
Activity 2A ............................................................................................................................................ 9
Activity 2B........................................................................................................................................... 10
Activity 2C ........................................................................................................................................... 11
Activity 2D .......................................................................................................................................... 12
Activity 2E ........................................................................................................................................... 13
Activity 2F ........................................................................................................................................... 15
Activity 3A .......................................................................................................................................... 16
Activity 3B........................................................................................................................................... 17
4. Skills and Knowledge Activity ......................................................................................................... 18
5. Major Activity ................................................................................................................................. 20

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Assessment Schedule
Week 1 Activity 1
Week 2 Activity 2
Week 3 Activity 3
Week 4 Skills & Knowledge Activity,
Major Activity

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Activities
Activity 1A
Estimated Time 30 Minutes
Objective To provide you with an opportunity to analyse strategic and operational plans to
determine the scope of remuneration and benefits plans.
Write your
answer in the
space provided
as per the
instructions
given.
ACME Industries is an Australian owned company selling forklifts, small trucks and
spare parts to industry. We deliver value to customers and investors through our
highly trained, motivated, and expert workforce.
Vision
ACME Industries believes in developing and unlocking the potential of its people to
allow the company to become the leading supplier of forklifts, small, medium and
large trucks in Australia.
Company values
● Performance excellence
● Value for investors, customers and employees
● Personal and professional development
● Diversity
● Sustainability
a) Review the extract of a strategic plan for the case study organisation. Identify
three different operational plans that could be used in achieving the staff-related
goals stated in the strategic plan.

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b) Consider the items in the list below and identify three options in which they can
be used to help the case study organisation achieve its strategic objectives and
operational plans. Each of your three options should be linked to at least one of the
strategic objectives/ operational plans Allowances Leave Bonuses or incentives Competency-based progression Employee share plans Flexible work arrangements Leave without pay Salaries and wages

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Activity 1B
Estimated Time 15 Minutes
Objective To provide you with an opportunity to undertake research on current practice,
recent developments and legislative parameters for remuneration strategy.
Write your
answer in the
space provided
as per the
instructions
given.
Describe how an organisation’s remuneration strategy may be affected by each of
the following factors: (each answer should be approximately 20 words)
a. Current practice
b. Recent developments
c. Legislative requirements
Activity 1C
Estimated Time 15 Minutes
Objective To provide you with an opportunity to develop options for an organisation’s
remuneration strategy, for consideration by relevant managers and to present
options showing the link to organisational strategic objectives.
Write your
answer in the
space provided
as per the
instructions
given.
a) Explain the process involved with developing option(s) for an organisation’s
remuneration strategy, beginning with the research step and ending with the
submission of the options to the relevant manager for consideration.
(30-50 words)

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Activity 1D
Estimated Time 15 Minutes
Objective To provide you with an opportunity to ensure remuneration policies and incentive
plans are agreed and recorded.
Write your
answer in the
space provided
as per the
instructions
given.
a) Describe three reasons why an organisation could use an incentive plan (15-
20 words)
b) Why do remuneration policies and incentive plans need to be agreed on by
both staff and higher management within an organisation? (20 words)
c) In what type of documents should an organisation’s Remuneration Policy be
recorded and why is it important? (20 words)

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Activity 1E
Estimated Time 15 Minutes
Objective To provide you with an opportunity to ensure organisation is positioned as an
employer of choice and regarded as a desirable workplace.
Write your
answer in the
space provided
as per the
instructions
given.
a) Describe why it would be desirable for an organisation to be regarded as an
employer of choice? (20 words)
b) Describe three different measures an organisation can take to achieve employer
of choice status. For each one, explain what the measure is, how it works and how it
benefits the staff and the business.

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Activity 2A
Estimated Time 30 Minutes
Objective To provide you with an opportunity to research occupational groups to determine
those which are industrial agreement based.
Using the
information in
the Learner
Guide section
2.1. choose an
occupational
group that has
an industry
agreement
applied to its
remuneration
requirements
and write your
answer in the
space provided.
Research the applicable Award and any other industry agreements that are relevant.
Information on industrial agreements and minimum remuneration levels can be
found on the Fair Work Australia website
http://www.fairwork.gov.au/pay/minimum-wages/pay-guides#l. You may also be
able to gather the required information from relevant unions for the industry, or
from workplace literature.
Write a 100-150 word summary describing the Award.

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Activity 2B
Estimated Time 15 Minutes
Objective To provide you with an opportunity to access or undertake market rates surveys
regularly to ensure the organisation's required level of competitiveness for
particular occupational groups is maintained.
Write your
answer in the
space provided
as per the
instructions
given.
a) How would you access information on market rate surveys relating to the
occupation groups within an organisation? (30 words)
b) Give three examples of how information from the survey could be used to
maintain an organisation’s competitiveness?

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Activity 2C
Estimated Time 20 Minutes
Objective To provide you with an opportunity to align remuneration and benefits plans with
performance management system.
Write your
answer in the
space provided
as per the
instructions
given.
a) Describe an example of how an organisation could align its remuneration and
benefits plan with organisational performance. (30 words)
b) Describe an example of how an organisation could align its remuneration and
benefits plan with individual employee performance. (30 words)

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Activity 2D
Estimated Time 15 Minutes
Objective To provide you with an opportunity to ensure employees receive at least their
minimum entitlements according to organisational policies and legal
requirements.
Write your
answer in the
space provided
as per the
instructions
given.
What steps should be taken to ensure that an employee receives their minimum
remuneration at each pay date? (30 words)

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Activity 2E
Estimated Time 30 Minutes
Objective To provide you with an opportunity to ensure salary packages comply with
organisational policies and legal requirements, including Fringe Benefits Tax (FBT)
and superannuation.
Activity
Refer to the
ASIC
Moneysmart
website and
Write your
answer in the
space provided
as per the
instructions
given.
https://www.moneysmart.gov.au/tools-and-resources/calculators-and-
apps/employer-contributions-calculator
a) What is the Superannuation Guarantee Contribution (SGC) and what is the
current SGC rate (10-20 words)
b) Using the superannuation’s calculator, calculate how much superannuation
an organisation would have to pay for an employee on an overall annual
salary of $63000.
c) Give an example of a fringe benefit.
d) How is fringe benefit tax calculated?

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e) Use the information below to calculate the fringe benefit rate for a full-time
employee with a wage rate of $20 per hour.
The company operates 5 days per week for 8 hours per day for 52 weeks per
year—a total of 2,080 hours per year.
The employee is entitled to 15 days of paid vacation, 8 paid holidays, and 5 paid sick
days, amounting to 28 days of 8 hours each, or 224 hours per year that the
employee is paid when not on the job.
The employer pays the following annual costs for the employee: $7,200 of the
employee's health, life and disability insurance; $2,000 for the employee's
retirement benefits; $1,100 for worker compensation insurance; $210 for
unemployment insurance; and $3,182 (2,080 hours X $20 X 7.65%) for the
employer's portion of the Social Security and Medicare taxes.
f) Refer to the NSW Office of State Revenue website:
http://www.osr.nsw.gov.au/taxes/payroll
What is the current payroll tax and threshold in NSW?

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Activity 2F
Estimated Time 15 Minutes
Objective To provide you with an opportunity to ensure incentive arrangements, if included,
comply with the organisation's remuneration strategy.
Write your
answer in the
space provided
as per the
instructions
given.
Scenario:
An employee’s recent payment records include a bill from a restaurant that showed
that the employee had claimed a family discount on their bill.
Family discounts were replaced by standard discount cards two years ago that
granted the employee a 20% discount.
a) Why doesn’t this incentive comply with the organisation's remuneration strategy?
(30-50 words)
b) What steps would you take to resolve the issue? (20-50 words)

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Activity 3A
Estimated Time 15 Minutes
Objective To provide you with an opportunity to consult managers and employees about the
effectiveness of the remuneration strategy.
Write your
answer in the
space provided
as per the
instructions
given.
a) What method(s) can an organisation use to consult managers and staff about the
effectiveness of the remuneration strategy?
b) Choose one consultation method and describe why it may/ may not be an
effective method.

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Activity 3B
Estimated Time 15 Minutes
Objective To provide you with an opportunity to amend strategy and plans as necessary to
meet organisational policies and legal requirements.
Write your
answer in the
space provided
as per the
instructions
given.
a) Explain three reasons why you would need to amend the remuneration strategy.
(20-50 words)
b) What steps should be taken when amending a remuneration strategy?

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4. Skills and Knowledge Activity
Estimated Time 60-120 Minutes
Objective To provide you with an opportunity to demonstrate your knowledge of the
foundation skills, knowledge evidence and performance evidence.
Case Study
Complete the
following
individually and
write your
answer in the
space provided
as per the
instructions
given.
Case Study
Wesley is 17 years old and works part-time at a fast-food restaurant.
Basic remuneration: Wesley earns $12.90 an hour Monday through Friday, but gets
$14.42 an hour on a Saturday. He does 8 hours Monday to Friday and four hours on
a Saturday. These hours are set every week.
Allowances: none.
Benefits: Wesley’s employer is family-orientated and provides:
• Competency-based progression for full-time staff
• Family and carer’s leave
• Leave without pay
• Maternity and paternity leave.
Out of the 20 employees at the business, 18 of them are below 21 years of age and
three of the 20 have children.
Instructions:
Research the following questions by accessing the internet or other sources in order
to gain any relevant information about awards, agreements, tax etc.
Write a report about the organisation’s remuneration package. Answer each
question in as much detail as possible, considering organisational requirements for
each one (your report should be approximately 300-400 words)
a. Does this occupational group have an industrial agreement or award applied to
it, and if so, what is it?
b. Does Wesley’s current remuneration and benefits package comply with
legislative/ award requirements?
c. What factor(s) would make the fast-food restaurant an ‘employer of choice’?
d. Is the remuneration and benefits package aligned with performance?
e. What superannuation and fringe benefit tax are applicable to Wesley’s income?
f. How would you gather information on the effectiveness of the current
remuneration plan?
g. What allowances does Wesley benefit from?
h. Suggest any improvements that could be made to the remuneration package to
benefit Wesley and the rest of the typical workforce.

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a. this occupational group have an industrial agreement or award applied to it. It is
Competency-based progression for full-time staff
b. the total compensation reward of the employee exceeds his or her take-home pay. ...
Indeed, this position is supported by much of the legislation in the field.
c. The food provided (quality, taste) was central to respondents' decision to favor one
restaurant over another, though prior positive experience, a clean production/service
environment and hospitable service are additional factors that most strongly influenced
restaurant choice.
d. Yes the remuneration and benefits package are aligned with performance.
e. There is no superannuation and fringe benefit tax are applicable to Wesley’s income.
f. To gather information on the effectiveness of the current remuneration plan employees
can meet the employer or HR manager and visit websites.
g. There is no allowances that Wesley benefit from`
h. 1. Pay employees salary and incentives.
2. Keep the incentive part of your plan simple
3. Establish SMART goals
4. Determine what your competitors are paying
5. Modify salaries based on employees' geographic location
6. Use merit increases to reward top performers
7. Provide employees with non-financial rewards

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5. Major Activity
Estimated Time 1 Hour
Objective To provide you with an opportunity to demonstrate your knowledge of the entire
unit.
Write your
answer in the
space provided
as per the
instructions
given.
This is an individual activity.
Answer the following questions. Each answer should be approximately 10-30 words.
1. Why do strategic and operational plans influence the scope of remuneration and
benefit plans?
2. Why do you need to understand the remunerations strategy in the context of
current practice and recent developments?
3. Why do relevant managers need to consider your options for developing the
remuneration plan?
4. Why should your plan documentation show how your proposed options are
related to the organisation’s strategic objectives?
5. Why do remuneration policies and incentive plans need to be agreed with both
staff and higher management?

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6. Why is it desirable to be positioned as an employer of choice?
7. Why are industrial agreements applied to some occupational groups? Identify
two reasons.
8. What is the purpose of a market rate survey?
9. Why is linking the remuneration and benefits plan with organisational
performance a good idea? Suggest two reasons.
10. Why do legal requirements apply to minimum remuneration levels for
employees?
11. Why is Fringe Tax Benefit applied to fringe benefits provided by employers?

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12. Why do you need to ensure that incentives comply with the organisation’s
remuneration strategy? Identify two reasons.
13. Why should you assess the effectiveness of the remuneration strategy?
14. Why do you need to ensure that any amendments to the remuneration plan are
within organisational policy?