remuneration standards

The remuneration strategy and practices of the ENERGEX Group are aimed at assisting the organisation to attract, retain and motivate high-calibre employees at all levels by providing an appropriate combination of competitive fixed and variable remuneration components.  Shareholder guidelines and policy in relation to employee and senior executive remuneration are followed.  The Remuneration Committee of the Board oversees employee remuneration and performance pay.

The fixed component of remuneration is provided to all staff and is linked to objective assessment of the job size and value, either against the grading structures within the Award for Award employees, or related to independent market evaluation for staff employed under contract conditions.

Performance pay schemes are available to all staff across the ENERGEX Group and are designed to effectively reward a combination of key behaviours, capability and performance aligned with business goals and targets.