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)