Pay negotiations between AXA UK and Unite have concluded with the following pay offer for employees in Unite's bargaining group in levels 9-6a. Employees in levels 9–3 who are not collectively bargained for will also receive this pay offer. Pay arrangements for the Insurance Claims Development Framework are managed outside this process.
* For employees "Above" the pay range (i.e. where their FTE Salary is over the maximum of the pay range) the amount payable will be based on the percentage from the "High/Above" category in the pay matrix and the maximum salary for the applicable range.
A 0.5% targeted spend budget to focus on specific key areas determined by each OpCo. Unite will be kept informed of the company's decisions in respect of its bargained for group. Allocation of the targeted spend budget will be concluded by the end of September 2016.Minimum salary levels in each of the pay ranges will be increased, the remainder of the pay ranges will be unchanged.
Please see the My Reward pages on ONE for more information on the annual pay review process.
Unite will ballot their members, with the ballot taking place from Monday 25 th January to Friday 5th February.
Once again the pay ranges have not increased. That means that eventually we will all be at the top of the pay band and not entitled to any more pay rises.
The AXA plan must be for us all to be on the Living Wage only. With bands 9 and 8 already having the same starting salary I wonder how much longer will it be before all grades 9 to 7 are paid the same.