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SALARY
After another
round of tough negotiations on 20 & 21 November, SCBA has improved their offer
to SBEU. They now agreed to a salary revision of 5% plus another 2% salary
adjustment. This means that the salary range would go up by 5% while members
will get a salary increase of 7%
This is an
improvement of their offer of a paltry 5% salary increase for its employees
during the last round.
However SBEU
strongly feels that this latest offer is inadequate and reflect the banks’
refusal to share the billions of ringgit of profits they are making.
We want Salary Revision of 10% plus adjustment of another
10%
Non CLERICAL
SCBA has agreed
in principle to upgrade the job functions of non clerical (office boys) to
include some clerical functions so that we can upgrade the value of the job to
enable us to increase the salary band of the non- clerical.
PERFORMANCE PAY SYSTEM (PPS)
Framework on PPS
being finalised to facilitate those banks that are ready to implement a robust,
transparent and equitable PPS.
It is surprising
and disappointing to note that some member banks of SCBA do seem very keen on
PPS. They only want to implement their own system at their sole discretion. It
is hoped that such regressive banks are in the minority.
TRANSFER
SCBA also
agreed to a framework that banks must pay a monthly housing allowance if they
transfer employee outside their home base.
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HOUSING LOAN
Any loan amount
as long as monthly repayment does not exceed 75% of gross take home salary. This
means that maximum amount of housing loan at current salary levels would range
from RM130K to about 290K - a major increase from the existing $160K.
However SCBA has
rejected our proposal to cap the interest rate at 2.5% and to allow progressive
repayment.
HOURS OF WORK-5 DAY WEEK
This article is
resolved with SCBA agreeing to remove the overtime cap on those earning above
RM2000 wef 1 Jan 2006, and to pay a Sunday banking allowance if banks
require members to open branches on Sundays and to pay overtime if required to
open Branches on Saturdays.
ALLOWANCES
SCBA agreed to
increase most allowances in tandem with the salary increase of 5%
DENTAL & SPECTACLES
Agreed to
combined the spectacle and dental allowance so that members can have more
flexible access to these benefits
FAMILY MEDICAL
SCBA also agree
to allow members to make use of the family medical entitlement to purchase
medical insurance for their spouse and children.
Major Outstanding issues:
v
Retirement age & EPF contribution.
The next round will
be on 18 & 19 December 2006. SBEU has informed SCBA that we need to reach
agreement by that date failing which we may declare a deadlock and take
necessary action.
The support of
members will determine whether we can get what we want.
Please note
that all agreements are without prejudice basis and will be subject to an
overall CA to be in place before they can be implemented |
