Pay policy - profit share

In accordance with principle 3 of the Co-operative Principles, "Member Economic Participation", we want our members to be rewarded fairly for the work we do. Rather than increasing baseline wages, we have decided to assess surplus each quarter and provide a member bonus if conditions allow.

Quarterly bonus proposal

On the 28th June 2021 the Pay Circle passed a proposal to establish a regular quarterly profit share for all members of Agile Collective.

A bonus will be paid only when:

When these conditions are met the amount of the bonus paid will be calculated as follows:

[1] Includes liabilities like estimates of tax and any debts owed.

[2] Unpaid leave reduces the number of contracted hours.

The Pay Circle will coordinate with the finance circle on a quarterly basis to decide on whether a bonus should be paid, the size of any bonus pot and to communicate this decision to the membership.

The good causes pot is set aside for members to decide how to allocate.

This decision will be reviewed within 12 months, at the end of June 2022 at the latest.

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