27/05/2026
POOL MONEY
IS THE SHARE FAIR?
Pool money is the staffs % of their yard’s prize money.
We have advised on how a pool money committee should work and how the shares should be divided, this information can be found on our website, where a template is available too.
However, most staff aren’t aware of the fact part-time employees must be paid a pro-rate share.
That means if a part time employee works 30 hours a week, they should have ¾ of a share, if they work 20 hours a week, it would be ½ a share and so on and so on.
A lot of part time staff only work the mornings but that’s likely to be 30 out of 40 hours a week, hence they should get a ¾ share. I know this won’t go down well with the full-time staff, but the law is clear in this respect, part-time staff must be included.
Any questions, please give us a call, or see more on our website:
Pool money is the staff’s percentage of prize money won by each yard. As an average the pool money is 5% of the prize money value. It is managed by Weatherbys and paid to the trainer each quarter. We have included the rules below for you to look at and a template we recommend all […]