Finsec’s negotiations with the PSIS adjourned for a second time this week after the PSIS board declined to move their position on their pay offer and union members claim for pay parity with bank workers.
The PSIS board has advised their team to maintain but not extend their first offer of 4.5%. On the issue of pay parity the board’s has said that PSIS staff should have parity with the wider finance sector but don’t support pay parity with the major banks only. This is despite the fact that PSIS has been advised by independent job evaluators, Hay, that PSIS roles are comparable with similar roles in banks.
The Finsec bargaining team agreed yesterday to adjourn negotiations for another week so PSIS can put together a proper proposal on another aspect of the negotiations - role and relativity review. Negotiations with PSIS are scheduled to resume on 16 May 2008.
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