Organisations ask, “Why do we need a pay policy?”

The purpose of a remuneration policy is to ensure equity in your pay decisions. With consideration of best practice, 21^st Century can review or design a remuneration policy that is best fit for your organisation, taking into account your unique history and processes and organisational culture. The output would be a strategy and policy document that enables you to make consistent, defensible remuneration decisions across all levels in your organisation, which ultimately can improve the performance in your organisation. The document would include guidelines on issues such as:

• Determination of your unique remuneration strategy – what is remuneration designed to achieve in your organisation?
• Salary benchmarking guidelines
• Pay scale design principles
• Salary increase process
• Variable pay guidelines
• Performance management principles