Remuneration Policy

EMPLOYEE REMUNERATION POLICY

Summary If your business employs staff then an Employee Remuneration Policy may be considered. A Remuneration Policy sets out the general principles that the Company uses in determining staff salary structures, and can be added to a company’s standard Policies and Procedures and other employment guidelines.

What does the Policy say? The template Policy generally sets out the general principles that the Company uses in determining staff remuneration. The document consists of:

• Introduction
• Remuneration Principles
• Payment
• Incentives and commission
• Deductions
• UIF
• Expense claims
• Increases & bonuses
• IRP5

You may also be interested in our Remuneration Schedule: useful to record changes to employee salary, commission and bonus details.

What does this Policy look like? The Remuneration Policy can be printed onto five pages.

What do you need to do to use the Policy?

• Read the sample Remuneration Policy and adapt it for your requirements, where applicable.
• Distribute the Policy to staff, and ensure that the latest copy of it is available to employees at all times.

Feel free to browse our Policies & Procedures category for more sample employment policy & procedure templates. We also have a detailed and comprehensive Employment Policies and Procedures template available, being a composite of all our policy and procedure documents.

Also known as: Remuneration Procedures; Policies and Procedures of Remuneration

Also viewed: Employment Contracts Pack

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