(1) Western Sydney University operates in a highly competitive marketplace for critical skill sets and capability, particularly in the context of recruiting and retaining executive and senior manager roles. (2) To recruit and retain these critical leaders, the University must have the flexibility and capacity to quickly and effectively negotiate competitive remuneration packages and reward high performing staff. This will: (3) This policy provides the principles and procedures for establishing remuneration for University executive and senior managers. (4) The policy applies to senior staff identified in the remuneration bands set out in Section 4. The policy does not apply to staff who are covered by the Professional Staff Agreement or Academic Staff Agreement. (5) The policy does not apply to the Vice-Chancellor and President, as his/her remuneration arrangement is dealt with by the Chancellor. (6) For the purposes of this policy: (7) Western Sydney University is committed to attracting, engaging and retaining highly competent and skilled senior staff with the capabilities, professionalism and motivation to drive the University's strategic goals and objectives as laid out in the Securing Success 2015-2020 Strategic Plan. (8) The University is also committed to ensuring fairness and consistency in its remuneration practice and in ascertaining gender pay equity. (9) The University sets indicative remuneration 'bands' for its executive and senior managers, which provide a span of remuneration based on comparative remuneration data and the University's strategic market positioning in the sector. (10) Work value is used to identify each role in a band. (11) Annual increases to the remuneration span for each band will be recommended by the Vice-Chancellor and President for consideration and approval by the Board of Trustees. (12) The remuneration package for each individual will be assessed by the Division Head following an annual performance assessment, and forwarded to the Vice-Chancellor and President for approval. (13) The University adopts the following bands for the purposes of providing a span of remuneration outcomes relevant to a range of roles that are broadly equivalent in terms of work value. Titles depicted in each band are indicative only and subject to assessment, recommendation and determination on a case by case basis. (14) For each new or substantially changed role for an executive position: (15) For each new or substantially changed role for a senior manager position: (16) The Vice-Chancellor and President will determine the position of each individual role / staff member within a band's remuneration span based on the following: (17) Where there are clear market anomalies for a particular role that is in high market demand, or where the University is at risk of not retaining mission critical individuals, the Vice-Chancellor and President may approve a remuneration package outside the normal span for that role, so as to maintain or advance its strategic market positioning. The role will, however, be regarded as remaining within the respective band for reporting purposes and assessing internal relativity. (18) In exceptional circumstances, the Vice-Chancellor and President may approve a 'market leading' remuneration package for a mission critical role. (19) Where market anomalies relate to a Senior Executive role, the Vice-Chancellor and President will make a determination and notify the Board of Trustees of that decision. (20) The Office of People will conduct an annual review of the appropriateness of the span set for each band. This review will rely on external, recognised, benchmark remuneration data such as the MERCER remuneration survey and the following considerations: (21) The Office of People will advise the Vice-Chancellor and President of the outcomes of this review and any anomalies and actions recommended. (22) The Vice-Chancellor and President will consider and may adjust the remuneration package for executive and senior managers, within the relevant span having regard to: (23) The Vice-Chancellor and President will provide an annual report to the Board of Trustees commensurate with the Board's Terms of Reference and containing the following: (24) In addition to the annual report, the Vice-Chancellor will advise the Board of Trustees of salary increments for Deputy Vice-Chancellors, Vice-Presidents and Deans as soon as practicable after such remuneration determinations are made. (25) Nil.Remuneration (Executive and Senior Managers) Framework Policy
Section 1 - Purpose and Context
Section 2 - Definitions
Top of PageSection 3 - Policy Statement
Section 4 - Procedures
Remuneration Bands
Band
Roles [indicative titles]
1
Deputy Vice-Chancellor, Vice-President
2
Dean, Pro Vice-Chancellor, Director, Research Institute, Executive Director, Chief Officer
3
Deputy Dean, Dean, Graduate Studies and Researcher Development, Director [higher], Assistant Vice-Chancellor
4
Director [lower], Associate Director, Senior Manager
Individual Roles
Market Anomalies
Governance
Reporting
Section 5 - Guidelines
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