Finsec members at Westpac will have the opportunity to vote on a proposed new competency based pay system in paid union meetings that will run from 19 to 30 May. This will be an indicative vote to gauge support for the proposal to move from a performance based pay system to a competency pay system.
For the past nine months Westpac Finsec Union Council representatives have been meeting with Westpac to develop a competency based pay system. Members agreed at collective agreement negotiations last year to move away from a performance pay system to a competency one.
Westpac Union Council Chairperson Maxine Mullen said “Finsec members have worked hard to get rid of performance pay in the bank. It has taken us some time, but each year we have kept chipping away at it. Members should feel proud of what they have achieved so far”.
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