A Remuneration and Reward Policy is a company’s blueprint for operating a remuneration system that is accountable, scalable and flexible and develops the workforce.
This policy outlines processes required to maintain fair, reasonable, equitable and affordable rates of pay for all employees based on their performance and in comparison with competitive pay practices in the market. This Remuneration and Reward policy includes optional strategies for encouraging, recognising and rewarding individual, team or business performance.
All myhronline policy documents comply with the requirements of the Fair Work Act 2009. Simply replace the sections in red < > with details specific to your employee and situation. Optional information in blue italics may be deleted if not required.
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