Human resources and remuneration specialists in listed companies have an important role to play in educating stakeholders about their pay strategies, says Mercer Australia head of executive remuneration, Christine Deveney.
Once an employee reaches the point of requesting a pay rise, it's often too late to retain them, according to Learning Seat chief executive Tim Legge, who says that if a high-risk employee needs to initiate an increase, "you're probably doing something wrong".
Employers that let management, rather than the board, "drive and manage" executive remuneration could face criminal penalties following recent changes to federal legislation, says Mercer Australia head of executive remuneration Christine Deveney.
Fair Work Australia's "landmark" equal remuneration ruling will pave the way for gender-based arguments to increase minimum pay in some modern awards, according to Lander & Rogers lawyers Daniel Proietto and Patrizia Mercuri.
Small and non-profit employers are often unable to offer staff the same pay and training opportunities as the corporate sector, but there are other ways to reward and engage staff, says award-winning manager Julie McKay.
Spreading compensation evenly lets managers avoid difficult conversations with average and low performers, but can cause top contributors to lose motivation and leave, say remuneration experts at Taleo Research.
A senior employee whose performance was never assessed to determine whether she was eligible for a bonus has been awarded $74,000 in damages after a court confirmed her employment agreement was breached.
No matter how much employees are told not to talk about their pay, they will, so unfair remuneration systems are bound to generate resentment and compromise engagement, according to the authors of a new book.
Good communication to employees about pay and rewards can provide the same - and more - benefits to employers as actually increasing pay levels, new research shows.
Workplace bullying complaints continue to pose significant challenges for employers, including where the behaviour doesn't meet the legal definition of bullying or the threshold to make a claim. Watch this HR Daily Premium webcast to understand key lessons from cases where bullying complaints interact with other claims and issues.
What constitutes "best practice" when managing neurodiversity at work is evolving all the time. Watch this HR Daily Premium webcast to learn how to embed neuroinclusive practices into HR programs and every stage of the employment lifecycle.
