PSIS members vote to settle but continue to campaign for parity

studying the detail59% of Finsec members who voted at PSIS have voted to settle their collective negotiations. Throughout the Better Banks campaign PSIS members had identified pay parity as their key issue. They have not achieved that but they have convinced PSIS to conduct a role and relativity review, which will include a review all roles in PSIS in relation to the external market for financial services. PSIS membership grew steadily during the Better Banks campaign in the lead up to negotiations, but not enough to deliver pay parity. Members’ growing strength has however delivered the ability to campaign for parity through the Role and Relativity Review.

During bargaining Finsec members also convinced PSIS to drop claims for the removal of penal rates for weekend work, removal of grand-parenting of overtime for part time staff employed prior to 1 July 2006, changes to the hours of work clause and a two year term.

(Thanks to Kevin Steele for the photo)


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