The ASIC Enterprise Agreement 2014: Everything You Need to Know
The Australian Securities and Investments Commission (ASIC) is an independent organization responsible for regulating financial markets and organizations in Australia. To effectively carry out its mandate, ASIC has a workforce of over 3,500 employees who work across different parts of the country.
To ensure that its employees are well compensated and motivated to carry out their tasks effectively, ASIC introduced the ASIC Enterprise Agreement 2014. This agreement sets out the terms and conditions of employment for all ASIC employees and outlines the benefits, entitlements and other conditions that an employee can expect to receive while working for ASIC. In this article, we will delve into the ASIC Enterprise Agreement 2014 and highlight its key features.
Salary and Benefits
One of the most critical aspects of any employment agreement is the salary and benefits package. The ASIC Enterprise Agreement 2014 outlines the remuneration package for all ASIC employees, which includes a base salary, superannuation, and various allowances.
Under the ASIC Enterprise Agreement 2014, all employees are entitled to receive a base salary that is determined based on their classification level and experience. The agreement also outlines that all employees will receive a 15% superannuation contribution on top of their base salary. Additionally, employees are eligible for other benefits such as parental leave, personal leave, and long-service leave.
ASIC recognizes the importance of workplace flexibility in promoting a work-life balance for its employees. To this end, the ASIC Enterprise Agreement 2014 provides for various flexible work arrangements, including job sharing, part-time work, and working remotely.
Employees who require flexible work arrangements can apply to their line managers, who will consider their requests based on operational requirements. The agreement also provides for a flexible work hours arrangement, which enables employees to vary the hours they work within a set workday.
Performance management is essential in any workplace as it provides a mechanism for evaluating an employee`s performance and providing feedback for improvement. The ASIC Enterprise Agreement 2014 provides for a performance management system that enables employees to receive regular feedback on their performance and outline the expectations of their roles.
The system includes a mid-year review and end-of-year assessment, which provides employees with a clear picture of their performance and enables them to identify areas for improvement. The agreement also provides for additional training and development opportunities to support employee growth.
The ASIC Enterprise Agreement 2014 is a critical document that outlines the terms and conditions of employment for all ASIC employees. It provides employees with a clear understanding of their entitlements, benefits, and working arrangements, which enables them to carry out their tasks effectively.
Overall, the ASIC Enterprise Agreement 2014 is a fair and comprehensive document that aligns with ASIC`s commitment to providing a supportive and flexible work environment that recognizes the contribution of its employees.