Hot topics

Topic :  pay Remove filter

The superannuation gender gap – how can we do better?

01 Mar 2018  by   Saffron Sweeney

With the ‘Global Gender Gap Report’ highlighting the continued existence of a gender pay gap in Australia, it isn’t just women’s current remuneration and lifestyles which may be impacted. Disparities in pay – along with other factors such as a higher propensity to work part-time or a pause in career to care for children or relatives – can significantly reduce the superannuation balances of women, ultimately affecting their quality of life in retirement. In this Hot Topic, we review the impact of the gender pay gap upon superannuation for women and propose strategies to address the imbalance.

Enabling greater transparency in reward communications

30 Nov 2017  by   Emma Le Grice

Do your employees understand how their remuneration package has been determined? And do your employees perceive their pay (and how it was determined) to be fair and equitable in relation to their job role and their peers? The need for transparency around rewards and recognition is increasing. Fortunately there are tools available to help organisations evaluate, compare and communicate this information to their employees.

Better start for new starters? Joiners and movers

15 Mar 2017  by   Jean Hanna

New starters are now being paid much more than their internally promoted peers. So much so that it would take eight years of outperformance for that internal high performer to close the pay gap. How can your organisation tackle this trend and retain your high potential employees? We deep dive into the data and the solution.

Moving from art to science: Evolving remuneration benchmarking

10 Aug 2016  by   Sabrina Rabbani

With a large number of organisations using remuneration benchmarking to determine employee pay levels and structures, the importance of reliable data is paramount. But with limited survey data often making it difficult to develop adequate sample sizes, the process of developing an ideal sample size can become subjective - and therefore less consistent and reliable. Can a more scientific approach be applied?

Understanding the ABA’s announcement – how will your organisation respond?

12 May 2016  by   Slesha Devi

Given the inherent link between behaviours and reward outcomes that exist in sales incentive schemes, organisations need to ensure that standardised processes for governing plan designs exist and that any breaches or exceptions are well documented and visible to accountable parties. This hot topic outlines some practical steps for those impacted to consider.

Balancing incentive pay-outs

18 Feb 2016  by   Bethany Jones

How often does your organisation review its incentive programs and their pay-out schedule? They are a key driver of employee engagement and performance, and therefore should never be set and forgotten about. Get on the front foot and don’t leave it until your shareholders prompt you to review your incentive schemes.

Change of tack for employee benefit plan discount rates could save you money

20 Jul 2015  by   Saffron Sweeney

In May 2015, Australia's auditor community accepted a change of tack in deriving discount rates when accounting for long-term employees' benefits. With the changes designed to improve the balance sheet position and P&L expense for Australian corporates, the discount rate has a number of characteristics worthy of note and has the potential to save companies some serious money.