Pay and staffing top priorities for PSIS staff

Finsec members at PSIS have finished their first round of meetings before negotiations and identified the key issues as pay parity with the banks, achieving a fair pay increase, and resolving staffing concerns, in particular issues around relief staffing.

PSIS staff have long been concerned about their pay being well behind that of staff in the major banks. PSIS management have said at previous negotiations that their staff cannot expect pay parity as PSIS is not a bank. However, with plans to register the PSIS as a bank the issue of how their pay compares is not going away. As PSIS moves towards being a bank, ensuring fair pay for staff is as important as all the other aspects of becoming a bank.

“Our members have been through tough times over the past year, but PSIS has done very well financially. It’s important we receive a fair share of the profits we’ve helped PSIS earn,” said Roz Cull from the Invercargill branch who will be on the Finsec negotiating team.

A further round of union meetings will take place in the last two weeks of February, prior to negotiations in March.


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