Remuneration and Benefits Policy

Policy Title 

Remuneration and Benefits

Purpose

To ensure that Monash staff are appropriately remunerated and aware of the terms and conditions under which they are employed.

Supporting Research and Analysis

This policy is inextricably linked to a range of existing Monash procedures and complies with the various regulatory and employment frameworks utilised by Australia, Malaysia and South Africa.

This policy complies with the various legislative and employment frameworks utilised by Australia, Malaysia and South Africa and is designed to enable implementation across all of the University's campuses, both within Australia and internationally.

The Monash University Ethics Statement underpins this policy and does not exclude or replace this policy or its related procedures. In the unlikely event of any inconsistency between the Ethics Statement and this policy, the explicit requirements of this policy shall prevail to the extent of any inconsistency.

Scope

This policy applies to:

• all campuses; and
• all staff.

Policy Statement

The University seeks to:

• fulfil its obligation by paying staff accurately and in a timely manner;
• ensure staff are fairly and equitably remunerated for their work;
• encourage, recognise and reward high-performance;
• value the contributions of its staff;
• manage staff leave entitlements in a way that benefits staff;
• meet the needs of the University’s business and strategic objectives;
• comply with relevant legislation and obligations; and
• reinforce and operationalise the values and principles stated in the Monash University Ethics Statement and Monash Directions 2025.
  

Responsibility for implementation

Campus Pro Vice-Chancellors
Deputy Vice-Chancellors
Deans/Heads of Schools
Divisional Directors/Heads of Units
Directors
Faculty Managers/Managers

Policy status

Version 2

Key Stakeholders

Campus Pro Vice-Chancellors
Deputy Vice-Chancellors
Deans
Divisional Directors
Directors
Faculty Managers

Approval Body

Strategy and Resources Committee
Meeting number: 5/08    
Meeting date: 5 June 2008     
Agenda item:               

Endorsement Body

HR Directors’ Group
Meeting number:                      
Meeting date:         
Agenda item:

Date Effective

Date approved by the Strategy and Resources Committee

Next Review Date

Three years from date of approval

Policy Owner

Human Resources Division

Policy Author 

Director, HR Operations
Director, Workplace Relations

Contact

ask.monash@adm.monash.edu.au (Australia)
info.hr@monash.edu.my  (Malaysia)
michael.seshoka@adm.monash.edu  (South Africa)