Samir DelaneyCBS, CEP
Senior Compensation Analyst, Silverline Media
Omar Jimenez· Head of Reward, Ravenna Chemicals
Posted in Sydney Chapter ·
With the guarantee rate now at 12 percent we are rewriting our total rewards statements, and the old question is back: do we quote packages inclusive or exclusive of super? About 60 percent of our 2,400 staff are on total fixed remuneration contracts, where each rise in the rate came out of take-home pay unless we chose to absorb it.
We absorbed the last two steps, at a cost of roughly 1.1 million dollars a year. I want the new statement to show that without it reading like self-congratulation. I am also unsure how to present super being paid with each pay cycle, as we understand the change. How have others laid this out?
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