The total package approach to remuneration is a popular trend in the structuring of remuneration packages. 21^st Century has assisted many organisations in the conversion of their remuneration approach from an “add-on” approach to a total package approach. The benefits include:

• Greater flexibility within a total package structure
• Fixed and known employment costs  - no hidden extras
• The organisation is better positioned to attract and retain high quality staff
• More equitable and defensible approach to remuneration
• Simplified  and accurate external market comparisons (benchmarking)
• True worth of salary is known to, and understood by, employees
• Simplified cost control and costing
• Improved links between performance and pay
• Safety in the event of a tax audit

In a total package approach, individuals are allowed to choose their own benefits from a range of different options available to them. This flexibility enables individuals to exercise choice based on their lifestyle and particular life phase and priorities.

21^st Century’s role in a total package implementation is to:

• Offer best practice advice in the structuring of the package
• Assist the organisation in understanding the tax implications
• Handle conversion issues and issues of equity
• Calculate potential cost implications
• Develop package structuring models
• Change the documentation and systems in line with the new total package approach