Superannuation in contract
#1
Thread Starter
Just Joined
Joined: Dec 2011
Posts: 18

Hi all......you guys seem to know what's what!
Tingle has a question for you regarding his employment.
In his draft contract it says; The company operates a total compensation approach to the remuneration of employees, where an employee's total compensation cost includes the cost of the salary plus the cost of any benefits, such as superannuation, to the employee.
Does this statement imply to you that the superannuation is paid on top of the salary, or as part of the salary?
All donations gratefully recieved
Tingle has a question for you regarding his employment.
In his draft contract it says; The company operates a total compensation approach to the remuneration of employees, where an employee's total compensation cost includes the cost of the salary plus the cost of any benefits, such as superannuation, to the employee.
Does this statement imply to you that the superannuation is paid on top of the salary, or as part of the salary?
All donations gratefully recieved
#2
BE Enthusiast




Joined: Mar 2009
Posts: 471











phat-dave isn't sure why tingle refers to himself in third person....
but my understanding of that is they consider your employment as a total cost or in your terms as part of the salary.
ie: they agree to pay you 120,000 TEC
$110,091 salary
$9,909 superannuation
but my understanding of that is they consider your employment as a total cost or in your terms as part of the salary.
ie: they agree to pay you 120,000 TEC
$110,091 salary
$9,909 superannuation
#3
Thread Starter
Just Joined
Joined: Dec 2011
Posts: 18

Tingle thanks phat dave for his reply
#4
Bix agrees with Phat-Dave as it sounds like fancy wording to say it's all included.
Bix did prefer Phat-Bass though as he is a fan of the Warp Bros..... doof doof doof.
Bix did prefer Phat-Bass though as he is a fan of the Warp Bros..... doof doof doof.
#8
Just Joined
Joined: Jun 2011
Posts: 8
From: Sydney

Hi all......you guys seem to know what's what!
Tingle has a question for you regarding his employment.
In his draft contract it says; The company operates a total compensation approach to the remuneration of employees, where an employee's total compensation cost includes the cost of the salary plus the cost of any benefits, such as superannuation, to the employee.
Does this statement imply to you that the superannuation is paid on top of the salary, or as part of the salary?
All donations gratefully recieved
Tingle has a question for you regarding his employment.
In his draft contract it says; The company operates a total compensation approach to the remuneration of employees, where an employee's total compensation cost includes the cost of the salary plus the cost of any benefits, such as superannuation, to the employee.
Does this statement imply to you that the superannuation is paid on top of the salary, or as part of the salary?
All donations gratefully recieved

Don't worry in asking as its a reasonable question to ask if its not clear.
#9
BE Forum Addict








Joined: Oct 2005
Posts: 3,453
From: Perth











I always think that total packages constitute a bit of hoodwinking.
What employees want to know is, what is my salary? All employers have to pay superannuation anyhow.
What employees want to know is, what is my salary? All employers have to pay superannuation anyhow.




