Tip and Other Gratuities Policy Statement Form
The Tip and Other Gratuities Policy Statement form is required for businesses in Bermuda to ensure transparency and compliance regarding employee tips and gratuities. The form must be completed by employers in the service industry to outline their policies on how gratuities are managed, distributed, and reported.
Purpose:
The Policy Statement and corresponding template contained herein has been created by the Ministry of Economy and Labour for employers to implement pursuant to the Employment (Protection of Employee Tips and Other Gratuities) Amendment Act 2023, which comes into force on the 1st of March 2024, to ensure that employees’ tips and other gratuities are protected and fairly distributed.
Key Requirements:
- Clear policy on managing and redistributing tips.
- Transparency on payment arrangements and employee rights.
- Complaint resolution process.
Employers must implement this policy by March 1, 2024, or face civil penalties.
For more details, visit the full article.
Who Should Complete the Form:
Any business operating in sectors where tips and gratuities are collected and distributed to employees must submit this form to the Department of Labour.