Remuneration Notes

STRATEGIC REMUNERATION

Strategic Remuneration is about linking remuneration to organisation performance. 

Cut down to basics, the term strategic remuneration encompasses the areas of:

• job evaluation/job sizing

• design and implementation of remuneration structures

• development of integrated performance management systems

• design of bonus, incentive, and employee ownership plans

• the area of non monetary rewards

• the development of software or administrative systems to support remuneration strategy.

Organisations that have the ability to invest in strategic remuneration programmes will separate the want-to-work-for-organisations from the want-to-avoid-organisations!

Five critical areas in strategic remuneration that need to be addressed if you are aiming to be one of those sort after and want-to-work-for organisations:

• Innovation

• Organisational Support

• Employee Involvement

• Flexibility

• Monitoring

AUSTRALIAN INSTITUTE OF ARCHITECTS AWARDS WAGE

Breaking it down so it is related to myself and my peers.

According to the Fair Work pay guide Architects Award 2010, effective from 01 July, 2014.

CASE STUDY 1:

For someone of my age, under 21, currently a student with no prior degree qualifications.

FULL TIME AND PART TIME (minimum wage)

First 13 weeks of employment	$8.03 (35.00%)	$12.04
Next 13 weeks of employment	$11.47 (50.00%)	$17.20
Next 26 weeks of employment	$14.91 (65.00%)	$22.36
2nd year of experience	$16.05 (70.00%)	$24.08
3rd year of experience	$17.20 (75.00%)	$25.80
4th year of experience	$19.49 (85.00%)	$29.24
5th year of experience	$20.64 (90.00%)	$30.96
6th year of experience	$21.79 (95.00%)	$32.68
35%  50%  65%  70%  75%  85%  90%  95%

CASUAL (minimum wage)

First 13 weeks of employment	$10.03 (25.00%)	$12.04
Next 13 weeks of employment	$14.33 (25.00%)	$17.20
Next 26 weeks of employment	$18.63 (25.00%)	$22.36
2nd year of experience	$20.07 (25.00%)	$24.08
3rd year of experience	$21.50 (25.00%)	$25.80
4th year of experience	$24.37 (25.00%)	$29.24
5th year of experience	$25.80 (25.00%)	$30.96
6th year of experience	$27.24 (25.00%)	$32.68

25%

However, after finishing my current bachelor degree, providing I am over 21 at the time

FULL TIME AND PART TIME (minimum wage)

Classification	Minimum Hourly Rate	Overtime
Level 1 Graduate of Architecture
Entry	$22.94	$34.40
1st pay point	$24.15	$36.22
2nd pay point	$25.36	$38.04
Level 2(a) Experienced Graduate of Architecture	$26.52	$39.77

CASUAL (minimum wage)

Classification	Minimum Hourly Rate	Overtime
Level 1 Graduate of Architecture
Entry	$28.67 (25.00%)	$34.40
1st pay point	$30.18 (25.00%)	$36.22
2nd pay point	$31.70 (25.00%)	$38.04
Level 2(a) Experienced Graduate of Architecture	$33.14 (25.00%)	$39.77

25%

Remuneration policy - Ocado Group plc Annual Report 2012 . 2015. Remuneration policy - Ocado Group plc Annual Report 2012 . [ONLINE] Available at: http://results12.ocadogroup.com/governance/directors-remuneration-report/part-a/remuneration-policy. 

Becoming an architect - Australian Institute of Architects - AIA . 2015. Becoming an architect - Australian Institute of Architects - AIA . [ONLINE] Available at: http://www.architecture.com.au/architecture/national/becoming-an-architect.

infraEnterprise Customer Portal. 2015. infraEnterprise Customer Portal. [ONLINE] Available at: https://extranet.employment.gov.au/ccmsv8/CiLiteKnowledgeDetailsFrameset.htm?KNOWLEDGE_REF=216371&TYPE=X&ID=8144084986614856988889912894&DOCUMENT_REF=402457&DOCUMENT_TITLE=Architects%20Award%202010&DOCUMENT_CODE=MA000079.