end of year bonus - terms.
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how does the bonus work?
Teachers & Educators will accrue $1 for every ordinary* hour of work. This will then be tallied up and paid out during the last week of December 2022.
NB: *ordinary hours are regular working hours that are not classified as overtime
example 1: Amy Smith works 30 ordinary hours in one week - Amy will be paid 30 hours x $1 = $30 to be paid as a bonus come the last week of December.
example 2: Amy Smith works 30 ordinary hours, 1 hour of overtime 1.5 and 0.5 hours of double time - as the bonus is paid only on ordinary hours Amy would be paid a $30 bonus.
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who is eligible?
All professionals working within Early Childhood and OSHC through Randstad (you must work in an Early Learning/OSHC Centre).
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when is this paid?
We endeavour to have everything finalised to be paid by the last week of December. The final cut off for working hours will be Friday 16 December 2022. In order to ensure you receive your bonus for all of your hours worked you must submit all timesheets by 6pm Sunday 18 December 2022. Any late timesheets will not be counted in the bonus calculation.
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what if a teacher or educator continues working after the cut off?
If a Teacher or Educator works after December 16, 2022 those hours will not be accrued for your bonus payment.
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can a teacher or educator opt not to take part in this scheme and receive the $1 every hour instead?
No - this is a bonus scheme created to encourage and reward the hard work of all our casual Teachers and Educators.
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what if a teacher or educator resigns from randstad before the bonus payment due date?
They must notify us immediately, however the payment will still be in line with the scheme and will be paid in the last week of December 2022.
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what if a teacher or educator goes permanent with a randstad client?
They must notify us immediately however the payment will still be in line with the scheme and will be paid in the last week of December 2022.
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Is the teacher or educator able to keep accruing the bonus, opting not to pay out when scheduled, and choose an alternative payout time at a later stage?
No - the cash bonus will be paid out as scheduled and reset at the allocated time.
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tax
The bonus will be paid in accordance with your tax obligations.
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will superannuation be paid on the bonus?
Yes, Superannuation will be paid on the bonus.
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can randstad remove the bonus scheme?
Yes, we have the right to stop the bonus scheme at any time, however if we do we will make sure to pay out the bonus owing.
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I would like to speak to someone about the scheme
Please contact us on 1300 360 014 (option 3). We look forward to hearing from you.