This template for a Salary Sacrifice policy is to assist in forming a framework for employees to have some flexibility in setting up their remuneration package to gain maximum value from their Total Cash Remuneration (TCR).
Employee’s may choose from a number of benefits to suit them but the Salary Sacrifice arrangement is made on the basis that the company does not incur any additional costs (other than nominal administrative).
This template outlines the policy and the breakdown of what the employee’s remuneration plus other conditions or exceptions.
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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