Westpac as an employer
Benefits
Remuneration
We apply 3 main pay principles to our remuneration. That it:
- Remains competitive
- Is linked to performance
- Reflects our values and is fair and consistent for our people.
Our remuneration and benefits are regularly reviewed to fit with the needs of our people and the workplace.
How much super do we pay?
If you become a member of the Westpac Staff Super Accumulation Plan, or other approved alternative super fund we contribute:
1. A sum of 9% (uncapped) of your fixed salary, parental leave payments, paid sick leave, annual leave and long-service leave (except where you receive it as a lump sum when you leave Westpac, in line with super regulations).
2. Up to 9% (capped) on other payments including bonuses, commissions, shift and casual loadings, most allowances and over award payments.
Employee Advantage Program
The Employee Advantage Program (EAP) provides a range of benefits and special offers to all Westpac employees in Australia.
The EAP consists of 2 types of benefits:
1. Discounted Westpac, BT and St.George products and services, including:
- Bank accounts
- Personal loans
- Credit cards
- General and car insurance
- Investment, life insurance and superannuation.
2. Partner products - discounted products and services negotiated with organisations outside of Westpac:
- Health insurance
- Telecommunications
- Computers, electronics and household appliances.
Childcare
We're committed to helping employees balance their work and family responsibilities and therefore provide access to quality, affordable, Westpac owned corporate child care centres in the following locations:
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NSW - Concord, Sydney CBD, Sussex Street, Bond and Market Streets
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South Australia - Bedford Park
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Launceston - TechnoPark, Kingsmeadow
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Melbourne - South Melbourne
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Brisbane - Ann Street, Brisbane.
Access program
There are times when we all face challenges which can affect our health, wellbeing and work. At Westpac, we're committed to creating a supportive environment for all aspects of your health and wellbeing - that's why we offer a free counselling service in times of need.
Social clubs
Social clubs managed by Westpac are designed to help you enjoy a balanced life outside work.
Each state's social club organises and subsidises local events where you can socialise with other Westpac people, family and friends.
