Staffing and Remuneration Policies
As at 30 September 2008 SVA had 31 staff (27 full time equivalent) spread across its three offices in Sydney, Melbourne and Brisbane. The split of these staff numbers is as follows:
| Venture Development (supporting the portfolio of non-profit organisations we work with) | 4 | | The Incubator (including Social Enterprise Hubs) | 8 | | Professional Services (consulting & education/mentoring programs) | 6 | | Support services | | Fundraising | 4 | | Finance & compliance | 2 | | Marketing and communications | 2 | | Investment management | 2 | | Information technology, human resources & office administration | 2 | | Chief Executive | 1 | | | 31 |
The remuneration policy of SVA for its employees is underprinned by the following key objectives:
To attract highly talented staff by providing remuneration packages comparable with other leading non-profit sector organisations
To provide employees with practical allowance for work/life balance through flexible work hours and leave arrangements
To undertake regular benchmarking of comparable remuneration packages to ensure that SVA maintains the ability to attract, hire and retain the quality of team that is our lifeblood
To regularly set key performance indicators for all staff and to review performance against these at least annually
To review staff remuneration packages on an annual basis and to make adjustments, where appropriate, having regard to:
the performance of the relevant staff member
market rates in the non-profit sector
changes in the cost of living (as measured by the Consumer Price Index)
our financial situation
SVA does not pay annual bonuses to staff.
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