Definitions linked to salary matters are set out below to help you understand the terms used.
Annual salary as defined in the relevant industrial instrument excluding any allowances or additional payments.
Base salary plus:
Total employment cost is a term used to describe the sum of all cash and non-cash benefits employees receive including:
For example:
Gross Base salary | $60,000 |
Employer superannuation contributions of 17% | $10,200 |
Annual leave loading | $805 |
Total employment package | $71,005 |
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