Remuneration and Benefits Committee

Terms of Reference

1. Employment Strategies and Practices
Overviews the University’s strategies and policies in the following areas to ensure they attract, motivate and retain employees of sufficient quality as to enable it to achieve if not surpass its aspiration of 1:5:40:

• Reward (fixed and variable remuneration including incentives superannuation and other benefits)
• Recruitment and retention
• Workforce and succession planning
• Workplace relations
• Organisation development
• Compliance with Workplace Legislation

2. Vice–Chancellor

• Review the performance of the Vice-Chancellor and determine his or her incentive payments
• Recommend to Senate the overall terms of employment (including termination) of the Vice Chancellor
• Review and approve Vice-Chancellor’s travel schedule

3. Direct Reports
Reviews and approves the Vice Chancellor recommendations for:

• Remuneration and terms of employment (including termination) of direct reports (and include incentives)
• Performance assessment of Direct Reports

4. Report regularly to Senate on its deliberations

5. Maintain adequate records

Membership

Ex-officio:
The Chair of the Finance & Infrastructure Committee as Chair
The Chancellor
The Deputy Chancellor

One other Fellow of Senate appointed by Senate

One external appointment by Senate

In attendance

The Vice-Chancellor - by invitation
The Director SydneyPeople - by invitation
The Secretary to the Committee is the Chancellor’s Assistant

Meetings

The Committee meets at least four times a year and a standing agenda is maintained.

From time to time or for a period in each meeting only the members of the Committee shall be present.

Standing Agenda

March:

• Receive and discuss Vice-Chancellor’s report on his performance review of SEG members
• Review and approve Vice-Chancellor’s recommendations for SEG member bonus payment for prior year
• Review and endorse overall salary budget on increases for employees under AWAs effective from 1 July of that year
• Review Vice-Chancellor’s performance for prior year
• Determine Vice-Chancellor's bonus for prior year

June:

• Review and approve Vice-Chancellor’s recommendations salary increases effective from July 1 for SEG members
• Recommend to Senate any salary increase for the Vice-Chancellor effective from July 1
• Receive report on actual July 1 remuneration review for employees under AWAs

September:

• Receive reports on:
  - parameters for next EBA (Triennially from 2007)
  - succession and development plans
  - review of HR policies and processes
  - Bonus pool – approve size and disbursement

December:

• Receive report on workforce demographics and recruitment and retention
• Review and approve HR strategic plan for coming year
• Review and approve proposed EBA modifications