Question
[Separate each answer to each number per question, do not put in one paragraph] Scenario In your organisation, you are the HR manager responsible for
[Separate each answer to each number per question, do not put in one paragraph]
Scenario
In your organisation, you are the HR manager responsible for all HR functions, including remuneration and employee benefits management in an accounting firm. You have been asked to develop a remuneration strategy for two different occupational groups of your organization.
Please provide a brief description of your organisation as follows:
- Industry
- Nature of operations
- Describe two occupational groups
- Any other information that might be useful to understand the organisation.
Then answer the following questions based on your organisation:
Question 1:
Updating organisation's remuneration strategy: Stakeholders (1.1)
- Who are the stakeholders for both occupational groups?
- What methods of consultation would you use for different stakeholders?
- What information could you collect from the stakeholders that will help you identify the scope of the remuneration and benefits plan? List five examples.
- List 10 examples of employee benefits that you can include in your remuneration plan.
- There are two common ways to pay remuneration: salaries and wages. Explain the differences between them.
Question 2:
- Identify three areas of legislation that might have an impact on your remuneration strategy.
- Where would you find information about trends in remuneration in your industry?
Question 3:
What sources of information would you consider when developing options for the remuneration and employee benefits strategy?
Question 4
- What options would you include for each occupational group? List five.
- How do these options link to strategic objectives?
Question 5:
How would you keep a record of the agreed remuneration policies?
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