The Rewards component of Performance, Development and Rewards has two elements:

PDR Performance Bonus

• The performance bonus budget is approximately 3.5% of total base salaries
• Performance bonuses will not be paid for the 2008 Performance Cycle – we will bed in the process first and make changes based on feedback
• A performance bonus will be paid to up to 30% of eligible staff at the end of the 2009 performance cycle

Other Rewards

• Performance Bonuses do not replace existing rewards practices in faculties and business units (i.e. monthly staff awards)
• A key focus of the PDR process is development opportunities for all staff to support the achievement of performance objectives and career progression (i.e. sabbaticals, mentoring, training, on-the-job learning)