What's in a package

Predictably in an industry heavily dependent on professional qualifications, the use of other forms of remuneration to inflate a base salary into a package is not uncommon.

Often there is a considerable difference between base salary and total salary package. The ACS survey counts base salary as the annual salary component of one's employment contract, exclusive of additional allowances, payments and non-cash benefits.

To make up a total package, employers can add any number of things to that base figure:

- Annual leave loading

- Overtime

- Award allowances

- Superannuation contributions

- Car and parking spot

- Low interest loans -- almost a given in the finance industry- Performance bonuses

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