Pay Parity - Opt In or Opt Out?
Covering the latest analysis on opt in/out rates, funding changes in 2024 and strategies to ensure your centre is in the best possible position.
ECC member price: $57.50
ECC members can access their discount by entering your discount code at checkout.
Your discount code can be found in the Member Portal.
About the webinar
The Early Childhood Council (ECC) is here to support you to make the best decision for your unique centre/business/organisation/group.
Join Simon Laube (ECC CEO) and Lonnie Parker (ECC Treasurer and management consultant) for the next, must-see, webinar for owners and managers considering or reconsidering Pay Parity.
Find out the latest information on the centres that have opted-in to Full Pay Parity (and other options). Where does your centre fit now based on what everyone else is doing? How many centres are closing and what is the best option for centres where Full Parity may work (for now).
Two funding increases are occurring in the first part of 2024. On 1 January 2024 the Cost Adjustment was applied (at 5.3% of 55% of the ECE funding rates, applied in full to Equity Funding) and on 1 March 2024 a 4.6% increase to 20 Hours ECE funding rates only; and a 5.3% increase to Targeted Funding for Disadvantage.
It has not been disputed by the Ministry of Education that there is a funding gap between the increased salary costs some employers will face and the ECE funding that accompanies pay parity. It remains essential for centres’ to consider their funding option very carefully.
The Ministry’s inaccurate and incomplete data on service level experience and qualifications for our teachers helped lead to this problem. Not all services are affected. Centres with predominantly highly experienced teachers are likely to be impacted worst, and centres with low occupancy will be more vulnerable to the impacts.
If you allow your centre to stay on the wrong Pay Parity funding option for too long then you could put your service’s survival at risk, and this is not something teachers want either.
In this session we will cover the following:
- Analysis of where all Education & Care services are at currently in terms of pay parity funding options, and centre closures
- Refresh you about the recent 2024 funding rate changes
- EC20a form and how to use it
- Discuss the available strategies that members are taking when opting-in to Pay Parity
- Restructures and managing opt-out processes
This webinar will be convened by Simon Laube (CEO, ECC) and Lonnie Parker (Treasurer, ECC).
What's included?
By purchasing this resource, you will gain access to a folder containing:
- ECC Pay Parity Funding Options Calculator V7.1
- Webinar recording
- Webinar presentation slides
- Q&A document from the session