Detailed findings 3. Features of key remuneration components 3.1 Comparison of key remuneration components by classification The comparison of the different components of the remuneration At the SES level, the benefits component provides a greater contribution to package provides an understanding of the contribution that each the whole remuneration package compared to the non-SES classifications, component makes to the whole. varying from 20% at the SES 3 classification to 24% at the SES 1 classification. The benefits component is primarily composed of the Table 3.1 provides data on the makeup of remuneration paid across all employer superannuation contribution and motor vehicle benefits. classifications. It provides the proportion that Base Salary, benefits and bonuses makes on remuneration as a whole. Bonuses are only a minor component of the whole remuneration package. Bonuses only contribute to between 1.2–1.5% of all remuneration received At non-SES classifications, the largest component of remuneration in the SES classifications and up to 0.8% for the non-SES classifications. from Base Salary is the employer superannuation contribution. Across all levels, the Base Salary makes up between 85% and 87% of the Further information on the breakdown of Base Salary, TRP, and Total remuneration received by employees. The TRP component makes up Reward can be found in Section 7 Remuneration Findings by between 13% at the APS 4 classification and 14.4% at the EL 2 level, most Classification. of which is the employer superannuation contribution.
Detailed findings 3. Features of key remuneration components 3.1 Comparison of key remuneration components by classification The comparison of the different components of the remuneration package provides an understanding of the contribution that each component makes to the whole. Table 3.1 provides data on the makeup of remuneration paid across all classifications. It provides the proportion that Base Salary, benefits and bonuses makes on remuneration as a whole. At non-SES classifications, the largest component of remuneration from Base Salary is the employer superannuation contribution. Across all levels, the Base Salary makes up between 85% and 87% of the remuneration received by employees. The TRP component makes up between 13% at the APS 4 classification and 14.4% at the EL 2 level, most of which is the employer superannuation contribution. At the SES level, the benefits component provides a greater contribution to the whole remuneration package compared to the non-SES classifications, varying from 20% at the SES 3 classification to 24% at the SES 1 classification. The benefits component is primarily composed of the employer superannuation contribution and motor vehicle benefits. Bonuses are only a minor component of the whole remuneration package. Bonuses only contribute to between 1.2–1.5% of all remuneration received in the SES classifications and up to 0.8% for the non-SES classifications. Further information on the breakdown of Base Salary, TRP, and Total Reward can be found in Section 7 Remuneration Findings by Classification.