13 November 2007
|
|
|||||||||||||||||||||||||||||||||||
|
AMBANK Collective Agreement 2006-2008 |
|||||||||||||||||||||||||||||||||||
|
SBEU proposes 38.33% for AMBANK members |
|||||||||||||||||||||||||||||||||||
|
AMBANK TO REVERT BY 1 DECEMBER 2007 SBEU met with Ambank on 13 November for a final round of negotiations. After tough negotiations we have submitted our final proposal to the management on Salary increase, performance Bonus and annual increment. SALARY RANGE We are proposing salary range to be increased by 30%
SALARY INCREASE- 30% + 8.33% (i) Salary as at 31.12.2005 x 8.33% being the incorporation of the one months bonus factor. (ii) The resultant total will be further increased by 30%
PERFORMANCE BONUS Bonus will be determined at the discretion of the Banks taking into consideration the performance of the Bank and the performance of the employee. The performance of an employee will be assessed using an open Performance Appraisal System. Where an employee is not satisfied with the job objectives, targets and or performance rating and bonus payout, he may invoke the Grievance Procedure under Article 4(c) of this Collective Agreement. The Bank will provide the Union with the relevant information regarding the appraisal system used by the Bank to appraise an employee. |
PLEASE NOTE THAT THE ABOVE ARE PROPOSAL ONLY AND HAS NOT BEEN AGREED YET BY THE BANK. We hope to have an agreement before Christmas 07. The deal depends on all employees being SBEU members We list below the agreed articles that have been signed off earlier. EFFECTIVE DATE- I January 2006 Arrears for Salary & Overtime will be backdated to 1 Jan 2006. HOUSING LOAN Any loan amount as long as monthly repayment does not exceed 75% of gross take home salary. Repayment until retirement. This means that maximum amount of housing loan can reach more than $300K – current = $160K. ALLOWANCES Subsistence allowance - $45/$53 TO $48/$56 PER DAY Mileage claims – INCREASE BY 10 SEN PER KM Laundry allowance ($50 TO $55) Acting - $25per day if acting for officers Weekend Banking Allowance - $35 per day plus O/T HOURS OF WORK - 5 DAY WEEK Members earning above $2000 who work overtime will be paid full overtime rates instead of current allowance of $10 per hour worked. Arrears will be backdated to 1 Jan 2006. DENTAL & SPECTACLES Spectacle and dental allowance of $368.00 combined so that members can have more flexible access to these benefits. FAMILY MEDICAL Limit increased to $1200 a year. Members can claim up to $300 to purchase Hospital & Surgical insurance for their spouse and children. TRANSFER Banks must agree with SBEU on a Transfer package BEFORE they can effect transfers. There must also be a permanent housing allowance as long as employee remained on transfer. |
||||||||||||||||||||||||||||||||||
