Task One: Develop organisation’s remuneration strategy

Your proposed remuneration strategy should cover the following information: 

a)List the objectives of the proposed remuneration strategy.

b)List all the remuneration benefits relevant to these jobs, and ensure these benefits are covered under this proposed remuneration strategy 

c)List all legislation and changes that you have considered when developing your proposed remuneration strategy.

d)Evidence for research on market rates, and comparison with other organisations

e)Your proposed strategy should motivate employees and make them feel that Sai Educational Institute is their desirable workplace. 

f)Show how the proposed strategy links with organisational strategic objectives.

Task Two: Implement remuneration strategy

Assume you are going to implement the proposed strategy, and you want to ensure that the proposed remuneration strategy is acceptable to all.

a)Based on the proposed remuneration strategy, prepare a total salary package for academic and non-academic staff of Sai Educational Institute. This total salary package should include salary, allowances, superannuation, and other benefits, incentive payments etc.

b)Outline the steps to implement the proposed remuneration strategy successfully.

c)Outline how you will review and update the remuneration strategy

d)Outline the factors you would consider and the procedures you would undertaken when reviewing the remuneration strategy.

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