pay 2011
Download
Skip this Video
Download Presentation
Pay 2011

Loading in 2 Seconds...

play fullscreen
1 / 10

Pay 2011 - PowerPoint PPT Presentation


  • 90 Views
  • Uploaded on

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.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Pay 2011' - zagiri


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
  • NAG Contact 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

ad