Each family has their own circumstances that you are helping to cater for by caring for their children, so we have a few different contract types to accommodate family's needs.
The hours of care each week are regular and unlikely to change much, and usually will last for many months. For these contracts, we average out the total cost of care across the year into a fixed monthly fee.
Pros: you know when children will be in your setting, and you will be paid the same amount each month, including for days you take as holiday.
Cons: these don't allow for much flexibility or changes to the parent's schedule, and some parents might find the monthly billing amounts too expensive.
Package of Hours
The hours of care each week are likely to change, usually depending on the parent's work schedule. For these contracts, we will bill for a 'Package' of e.g. 20 hours, that the family can then use flexibly in your setting by agreeing the hours as you go.
It is your responsibility as the provider to track the hours of care delivered, and then to inform tiney when it's time to invoice for another package.
Pros: you can offer more flexibility to parents who need it, so childcare can work for them around their schedules.
Cons: parents only pay for hours that are used, so any holiday days won't be paid for under these contracts. You have less long term security on when children will be in your settings, and it can also be harder to find Core Hour placements that work around your Package placements without exceeding your ratios.