Funding breakdown for pay increases - test what impact pay rises would have

money budget

© ChildForum

On 11th May the Minister of Education said that the Government Budget's 2.3% funding increase for teacher-led centres "will go to improving the pay of up to 17,000 qualified teachers working in education and care centres".  A further 1.6% funding increase will help "to meet other cost pressures, including the salary cost pressures for those on higher rates of pay." 

So, every centre needs to make sure that the 2.3% is spent on pay and the 1.6% may be spent on pay but can also cover inflation and other costs.

You are responsible for ensuring that you can afford staff pay rises and you are responsible for meeting the Minister's wish that you spend the 2.3% increase in funding on staff pay.

The way that funding works does not make it simple to do these calculations.

Are you passing on at least 2.3% (or 3.9%) to your staff? 

You can test this out. 

Below is a little spreadsheet that should help you to test this out and check.  

There's also a sanity check - to show possible affordability for your service of a commitment to an annual pay increase. 

READ MORE



Oops ... you are attempting to read material available exclusively to our ECE Service Provider members.  

Login first to be able to access this article or resource Smile

If you are not an ECE Service Provider, you may be eligible for membership as an Educator. There are many other great articles and different resources available in the member-only area for Educators

To take out membership or to restore access if your membership has expired, look below ↓ for the click here button ↓   It will take you to the membership page to sign-up and choose your own unique username and password.  


Are you interested in joining us? 
Become a member and also gain access to our significant online knowledge base 

Membership Options

Educator
Membership

Who is this for?
Teachers - Student Teachers - Parents
$78.00 one year
$145.00 two years
Your own personal username and password.
Includes access to research library

ECE Service Provider  
Membership

Who is this for?
Service providers with one or more licensed ECE services
Starting from $198.00 for one year
Your own unique username and password.
Includes access to research library 

Researcher Membership or
a Library Subscription

Who is this for?
Libraries and organisations $250 annual 
Researchers $145.00 for two years
Access to over 20 years of NZ-International Research in ECE journal issues and articles