Employee benefits in Australia

Discover the ins and outs of employee benefits in Australia. From healthcare to retirement plans, we've got you covered.

Quick Overview

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

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Benefits Summary

Benefits coverage standards can differ greatly across countries. The table below shows what statutory, market standard and great coverage look like for each benefit.

Statutory
Market Standard
Great
Health & Medical
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Statutory

Public health services

Basic dental and vision covered by public health

Market Standard

Private healthcare

Single cover from $1,300 (basic) to $4,000

(comprehensive)

Family cover from $2,700 (basic) to $9,200

(comprehensive)

Private dental and vision plan

EAP or Mental health stipend

Gym or health club memberships or discounts

Great

Private plan: All staff and dependants covered at employer’s expense

Travel Insurance

Comprehensive medical plan

Social Sports club membership

Sports equipment loan

Life Insurance
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Statutory

Minimal covered by Superannuation plan - premiums are typically around 0.5% to 0.8% of salary

Market Standard

Private plan: 3x basic salary

Great

Private plan: 4x basic salary

Income Protection
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Statutory

Minimal covered by Superannuation plan Private plan: premiums are typically around 0.5% to 0.8% of salary

Market Standard

75% of salary plus 10% of the superannuation benefit

2 or 5 year benefit period

Premium costs are typically between 0.8% and 1.2%

of payroll

Great

75% salary plus 10% superannuation benefit with a 90-day wait and payment to age 65

Retirement
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Statutory

Required employer contribution 10%

Market Standard

Selected provider plan

Great

Market leading Super Fund with high levels of flexible insurance

Learning & Development
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Statutory
Market Standard

$500-1000 for further education, conferences and books

Great

Unlimited budget for work related training

Socials & meals
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Statutory
Market Standard

In office snacks and beverages

Weekly happy hours/socials

Great

Meal expenses covered

Free breakfast/lunch

Statutory
Market Standard

Additional employee pension contribution

Charitable donation matching

Great

WFH allowance

New technology

Company car

Fuel allowance

Childcare stipend or allowance

Relocation budget

Employee stock options

Policies Summary

Policy coverage standards can differ greatly across countries. The table below shows what statutory, market standard and great policy coverage look like for each benefit.

Statutory
Market Standard
Great
Holiday
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Statutory

20 paid holidays

8 National public holidays plus local holidays

Market Standard
Great

30 days

8 National public holidays plus local holidays

Statutory

10 paid days for individual or caring responsibilities

Market Standard

15 days paid

Great

20 days for individual and caring responsibilities

Maternity
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Statutory

12 months unpaid

Market Standard

The PLP scheme:

18 weeks pay at the national minimum wage

Great

18 weeks at full salary

Additional time off/half pay

Paternity
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Statutory

5 unpaid days

Market Standard

2 weeks at national minimum wage

Great

6 weeks at full salary

Flexible working
Learn More
Statutory
Market Standard

Study leave

Great

Flexible hours

Work abroad for a time

Volunteering days

Mental health days

Paid study leave

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  • sss
  • sss

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