|
 |
LTU and OB Agree Additional Salary Increase for Staff
|
Date: 25th Nov 2005
LTU and Offshore Banking agreed to jointly carry out an individual salary review of all staff in Bands 8 - 2 whose salaries were below the mid-point of the 'market' zone. The study phase for that review, which covered some 284 members of staff across all three Islands, was completed in early August.
Mark Brown, Assistant General Secretary, said “What is clear from the review is that there are large numbers of staff who despite the fact that they are fully competent and experienced are still paid significantly below the market rate for their job. For example, there are members of staff in Bands 6-8 who are still in the 'primary' zone despite the fact that they have been doing the same role for between 2 and 3 years. That is unacceptable.
LTU are pleased to announce that following the review it has been agreed that a number of staff across all three Islands will now receive additional pay increases, over and above what they got in April, of up to 5% of salary. Additionally, LTU have also agreed that those additional awards will be backdated to the 1st April 2005.
 |
|
