Strategy 3: Attract, develop and keep great people
Competitive benefits and remuneration
Staff benefits under the VicSuper Certified Agreement
Our performance
Staff benefits above those legally mandated for all staff covered by our Certified Agreement include:
- 17˝ % leave loading
- paid parental leave: 14 weeks full pay or 28 weeks half pay
- annual loyalty bonus: three to five years $1,000 per annum, six to 10 years $1,500 per annum, 11 years or more $2,000 per annum
- $300 assistance (adjusted for inflation annually) towards full financial plan with Industry Funds Super
- up to three days per year for community involvement leave
- Employee Assistance Program (EAP)
- sick leave for up to 15 days (includes 10 days carers leave)
- compassionate leave for up to five days
- extended termination payout for employees aged over 45 years
- performance bonus up to $3,500 for Certified Agreement staff, and up to 20% of salary package for senior managers
- study assistance - financial assistance, two days study leave and half a day exam leave, and advice and coordination of enrolments
- flexible working arrangements
- increase of salary package of 4% in January 2007
- 15% employer superannuation contributions (all staff are members of VicSuper Fund, an accumulation fund).
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