Manage Remuneration and Employee Benefits

Question 1 (Mark 10)

What are ‘pay structures’ and what points would a practice aim at to determine their pay structure?
How would these points be linked to their strategic and operational plans?

Question 2 (Mark 10)

A practice needs to undertake research on current practices and recent developments for remuneration strategy to keep abreast of the latest legislative requirements.

Provide with one (1) example, what research could be undertaken to identify recent developments for remuneration strategies and the latest legislative requirements.
How would a practice develop their options for the different remuneration packages
Provide with one (1) example ‘option’ undertaken by your practice and show how this option links to your practice’s objectives.

Question 3 (Mark 10)

Why is it important for the practice to ensure that agreements are made for remuneration policies and incentive plans?
How are these agreements documented?

Question 4 (Mark 10)

A practice may conduct research on various groups, other industrial agreements and/or survey results before implementing their remuneration strategy.

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