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Finally - an HR service which we can depend on and refer clients to with confidence!  We are continually asked for advice concerning employment related matters which in the past we have inefficiently sourced. Hence we have searched and found a company that can satisfy the needs of our growing client base – HR Advice Online.  We have had much positive feedback from clients in relation to HR Advice Online’s service offering. One particular restaurant business had issues with employment contracts which continued to exist after seeking guidance from several perceived experts. Their issues were promptly rectified after subscription with HR Advice Online. They were extremely happy and thanked us for referring them to HR Advice Online.... HR Advice Online has not only assisted our clients but us too as a firm.

- David Cassarino, Partner, Andresen McCarthy Partners, Accountants and Business Advisors

Salary Reviews - what to consider

Salary

The purpose of having a process relating to setting remuneration, rewards and incentives is to reward productivity increases or the undertaking of greater responsibilities and recognise differences in job responsibilities and differences in levels of individual performance.

 

For the purpose of evaluating levels of remuneration, businesses need to look at the overall total package cost to the business.  In determining the level of remuneration, consideration should be given to the following factors:

  • Performance of the company;
  • Market conditions – eg how the national economy is performing;
  • Role specific conditions – eg shortage of particular skills;
  • Individual performance

As each of the cost factors vary from business to business, HR Advice Online can assist you to create a remuneration plan tailored specifically for you when undertaking salary reviews.

 

Call us on 1300 720 004 to discuss your specific business needs. 

 

Information in HR Advice Online guides and blog posts is meant purely for educational discussion of human resources issues. It contains only general information about human resources matters and due to factors such as government legislation changes, may not be up-to-date at the time of reading. It is not legal advice and should not be treated as such.

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