(1) This Procedure establishes a framework for the recommendation, approval and payment of counter offers and salary loadings. (2) This Procedure applies to all fixed term and continuing University staff. (3) Nil. (4) See Remuneration Policy. (5) A counter offer is the means by which the University may choose to retain a high performing/high potential employee in a critical role who has been approached by another organisation with an offer of employment. (6) The supervisor/manager's request for a counter offer should be recommended via a memo outlining the reasons for making a counter offer and include the following documentation: (7) The delegated authority to approve a counter offer is detailed in the Delegations and Authorisations Policy. In determining whether a counter offer may be made, the delegated officer needs to consider the following factors: (8) A counter offer will be made through the provision of a formal offer of employment, and acceptance thereof, issued in accordance with the Delegations and Authorisations Policy. (9) A salary loading is a regular taxable payment that is paid for a fixed period of time, or on an ongoing basis, over and above base salary. (10) Salary loadings are subject to salary increases and superannuation contributions provided for under the applicable industrial instrument, unless otherwise negotiated and stated in the contract of employment. (11) Loadings are: (12) A salary loading must always be considered in consultation with P&C Business Partners, in the context of the labour market, and may be recommended in the following situations: (13) Salary loadings will be no greater than 20% of base salary other than in exceptional circumstances. (14) Where a Market loading of 20% or greater is sought, substantial evidence including a detailed business case will need to be supplied to the delegated authorising officer for approval. (15) Nil.Remuneration - Counter Offer and Salary Loadings Procedure
Section 1 - Summary
Section 2 - Scope
Section 3 - Definitions
Section 4 - Policy/Regulation
Section 5 - Procedures
Part A - Roles and Responsibilities
Role
Responsibilities
Manager
Provide required documentation for authorising officer approval, such as a genuine offer of employment external to the University or evidence and justification for recommending a loading.
Delegated authorising Officer
Consider the application, and approve or reject, subject to considerations detailed in this Procedure.
People & Culture
Vice-Chancellor
Delegated Officer for approval of Counter Offers for academic staff.
Part B - Counter Offers
Part C - Salary Loadings
Step 1: Review Criteria of a Salary Loading
Step 2: Determining the type and Term of the Salary Loading
Section 6 - Guidelines
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Provide advice regarding the proposed remuneration and conditions of employment.
Prepare contract of employment, or variation to existing employment contract, on receipt of approved documentation.