- An analysis of all salary package components for each job covered by the survey. This analysis is presented in remuneration tables.
- Charts showing the relationship between job size (as measured by job evaluation points) and salary level.
- Salary movements and forecasts.
- Economic commentary relative to salary levels.
Examples, and further description of these analyses follow.
1. Remuneration Tables
The survey results for each job surveyed is provided in a remuneration table. Example Claims Officer Remuneration Table.
A job description for each position covered by the survey accompanies the remuneration tables. Position description for Claims Officer.
All data in the survey are also divided into grades. Remuneration tables for each grade are also provided and show salary levels for jobs of similar size. Example Grade 4 remuneration table.
2. Regression Equations and Practice Line Charts
Sets of equations are provided that relate job points to salary level to assist in the setting of salary policy relative to the market. The equations are provided for Base Salary, Total Remuneration, and Total Remuneration Cost. Here, Total Remuneration is the total value of all salary package items, excluding Fringe Benefits Tax. Total Remuneration Cost is total Remuneration, plus the cost of Fringe Benefits Tax.
Equations are provided for the first quartile, medial, third quartile and
a range of other percentiles.
A set of three practice line charts for each of
Base Salary, Total Remuneration, and Total Remuneration Cost are provided.
The charts are plots of the regression equations and give a graphical representation of the
relationship between job size, as measured by the NRC universal job evaluation system
Jobscore,
and market salaries. For each salary measure, Base salary, Total Remuneration, and Total
Remuneration Cost, three levels are plotted. These are the median, first
quartile (Q1), and third quartile (Q3).
Base Salary versus job size.
3. Salary Movements
Salary movements for the Health Insurance industry
are given, as well as Base Salary and Total Remuneration for general
industry in Australia.
For general industry, the average, first quartile, median and third quartile
movements are shown.
Salary movements.
A forecast of the movement in Total Remuneration, and for the Consumer
Price Index (headline rate) and the Treasury Underlying rate of
inflation for the forthcoming twelve months period is made. 4. Economic Commentary This section of the report examines
economic activity indicators relevant to the Australian economy
as the may help identify the future direction of salary movements
Factors such as inflation, interest rates, and average weekly
earnings are examined. Charts are provided. The following is an
example:
Change reference Source of data: Consumer Price Index,
June Quarter 1999, Table 2, Australian Bureau of
Statistics, Canberra (publication reference no. 6401.0)
All industries salary movements and forecasts.
