Voting on new Westpac pay system starts next week

A fifteen year campaign to take targets out of the core pay system at Westpac will come to fruition next week, when indicative voting on the proposed new competency pay system begins.

Westpac Union Council Chair Maxine Mullen said that the breakthrough came in collective agreement negotiations last year, and that all Finsec members should welcome the option of a fairer pay system.

“I’d like to encourage all Finsec members at Westpac to come to the meeting and have your say about the new system,” said Maxine. “Only Finsec members will make this decision and cast a vote that counts about a pay system that recognises competencies. This is a good step to take us into our collective agreement negotiations, where we can do even more to achieve our Better Banks Agenda for Change.”

Mullen said the meetings over the next two weeks will provide the last opportunity for all Finsec members to get together before our negotiations start in early July. Details of the indicative voting meetings have been sent to all worksites, along with a summary of the new competency based pay system.


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