Pay 2011
This presentation is the property of its rightful owner.
Sponsored Links
1 / 10

Pay 2011 PowerPoint PPT Presentation


  • 59 Views
  • Uploaded on
  • Presentation posted in: General

Pay 2011. Mary Alexander National Secretary 27 th October 2010. BACKGROUND TO CLAIM. Economic Conditions Coalition Government budgets cuts of £81 billion. Return to Profitability of Banks bailed out by state NAG Outlook. THE THREE YEAR DEAL.

Download Presentation

Pay 2011

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Pay 2011

Pay 2011

Mary Alexander

National Secretary

27th October 2010


Background to claim

BACKGROUND TO CLAIM

  • Economic Conditions

  • Coalition Government budgets cuts of £81 billion.

  • Return to Profitability of Banks bailed out by state

  • NAG Outlook


The three year deal

THE THREE YEAR DEAL

  • Delivered above inflation rise over three years for majority of staff

  • Staff liked lump sum payment

  • Group C staff liked underpinning minimum and in year three the removal of discretionary pay


The pay claim

THE PAY CLAIM

  • September RPI figure of 4.6% for all staff including needs improvement and unsatisfactory

  • Market references to increase in line with external pay data

  • All staff to be brought up to market minimum

  • No discretionary pay for Group C’s

  • Reintroduction of review of allowances at annual pay negotiations

  • Increase in salary minimums and maximums to better reflect the market

  • Equal pay Audit to be concluded and items addressed within year in which salary increase applies


Nag annual profits

NAG ANNUAL PROFITS

  • 53% increase in pre-tax cash earnings to £164m from £108m last year

  • £4.7b of new lending comprising business lending and mortgage advances

  • Deposit growth of 1.1% to £23b – more than double the UK average growth rate

  • Charge to provide for bad and doubtful debts – down 18%


Guardians annual survey of executive pay at ftse100 companies

Guardians Annual Survey of Executive Pay at FTSE100 Companies

  • F/T and P/T Directors of FTSE 100 companies shared between them more than £1bn in 2009

  • Bonuses from City workers were lower but salary hikes were more than 3 times average 3.1% pay rise for ordinary workers in the private sector

  • Big rise in Directors pay more than double the rate of inflation

  • Ratio between bosses’ rewards and employees’ pay has risen to 98:1


Retail price index

RETAIL PRICE INDEX

  • RPI currently 4.6% down from 4.7% in September

  • All items index for housing up 4.9%

  • Petrol and oil up 8.1%

  • Vehicle tax and insurance up 32.4%

  • Rail fares up 8.8%

  • All goods up 4.3%

  • Oil and other fuels up 21.9%

  • Travel and Leisure up 6.1%

  • Motoring expenditure up 8.1%

  • VAT up 2.5% to 20% in January 2011

  • Inflation predictions between 3.9% and 3.6% this time next year


Pay growth

PAY GROWTH

  • Median pay growth is 2% so far in 2010 compared to 2.8% in 2009 and 3.8% in 2008 and 2007

  • Average earnings is 1.8% in the private sector to August 2010

  • Pay freezes on the wane

  • IDS Pay Prospects 2011 show distribution of pay settlements has returned to normal with more increases between 2% and 3%

  • Recent deals include:

  • Tesco Bank at 2.5% pay pot with 2% for 95% staff

  • Axa – 2.1%

  • Allianz – 2.5%

  • RBS – 3% pay pot


Some market and other comparisons

SOME “MARKET” AND OTHER COMPARISONS

  • Minimum salary of £12,000 is only 66p above minimum wage

  • Scottish Living Wage £7 per hour (NAG minimum salary 49 pence less than this)

  • CSO starting salary NAG - £12,000

  • Coop - £12,750

  • LBG – Montrose - £12,500, Aberdeen - £13,400, England - £13,500 -£14,200,

  • Nationwide - £13,450

  • Banking Adviser starting salary NAG - £14,812

  • Coop – Sunderland - £16,500

  • Nationwide - £15,489

  • RBS - £15,000


Contact centre comparisons

CONTACT CENTRE COMPARISONS

  • Minimum Market IDS Survey Median

  • 2010

  • NAGContact Centre Adviser £12,000 £14,026 £15,100

  • Senior Contact Centre Adviser £13,020 £16,285 £17,800

  • Contact Centre Team Leader £15,009 £18,761

  • Contact Centre Manager £18,906 £23,632

  • Nationwide £13,500

  • Kwikfit £15,600

  • First Direct £15,411

    Source: IDS Pay Report 1059 Oct 2010


  • Login