NZQA registered unit standard 25688 version 3 Page 1 of 3 Title Demonstrate knowledge of remuneration systems in human resource management practice Level 4 Credits 4 Purpose This unit standard is intended as an overview of how remuneration systems operate in organisations. It includes underpinning knowledge relevant to unit standards 25686 and 25687. People credited with this unit standard are able to demonstrate knowledge of remuneration systems in human resource management practice. Classification Business Operations and Development > Human Resource Management Available grade Achieved Explanatory notes 1 A remuneration system determines and delivers remuneration to staff and may include but is not limited to: job evaluation payroll pay, progression, promotion pay determination external/industry benchmarking policy decision-making types of remuneration structures. 2 The organisation’s direction is the nature of the organisation and how it is funded, the growth mode, impact of external factors, and if the direction is national or international. 3 Ethical standards and norms of professional behaviour are those included in the Human Resource Institute of New Zealand’s (HRINZ) Code of Professional and Ethical Behaviour and/or an equivalent code relevant to the candidate’s workplace. 4 Legislation relevant to this unit standard includes: Employment Relations Act 2000 Health and Safety in Employment Act 1992 Human Rights Act 1993 Privacy Act 1993 Treaty of Waitangi Act 1975 Holidays Act 2003 and any other legislation relevant to the context. NZQA National Qualifications Services SSB Code 130301 New Zealand Qualifications Authority 2016 NZQA registered unit standard 5 25688 version 3 Page 2 of 3 Interested parties include individuals in the organisation and the organisation itself, and may include but are not limited to – individuals’ whanau/families, representative groups, clients/customers, users. Outcomes and evidence requirements Outcome 1 Demonstrate knowledge of remuneration systems in human resource management practice. Evidence requirements 1.1 Legislative, legal and contractual requirements of remuneration systems are identified. 1.2 The relevance of ethical standards and norms of professional behaviour to remuneration systems is established. 1.3 Rights and responsibilities of interested parties are identified for remuneration systems. 1.4 Potential impact on and benefits for interested parties are identified for remuneration systems. 1.5 Communication and consultation requirements of the system are defined for remuneration systems. 1.6 Evaluation criteria for the quality of the remuneration systems are defined. quality may include but is not limited to – effectiveness, efficiency, staff participation, alignment with organisation’s direction, stakeholder satisfaction, fitness for purpose. Range Planned review date 31 December 2019 Status information and last date for assessment for superseded versions Process Version Date Last Date for Assessment Registration 1 19 June 2009 31 December 2016 Rollover 2 18 April 2013 31 December 2018 Rollover 3 16 April 2015 N/A Consent and Moderation Requirements (CMR) reference 0113 This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do. NZQA National Qualifications Services SSB Code 130301 New Zealand Qualifications Authority 2016 NZQA registered unit standard 25688 version 3 Page 3 of 3 Please note Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment. Industry Training Organisations must be granted consent to assess against standards by NZQA before they can register credits from assessment against unit standards. Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards. Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the Consent and Moderation Requirements (CMR). The CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements. Comments on this unit standard Please contact NZQA National Qualifications Services nqs@nzqa.govt.nz if you wish to suggest changes to the content of this unit standard. NZQA National Qualifications Services SSB Code 130301 New Zealand Qualifications Authority 2016