At last week’s EA negotiations, our FSU representatives passionately outlined member feedback on management’s initial pay and conditions offer. Members resoundingly rejected the proposed guaranteed pay increase of just 1% per year.
Other common areas of concern included the need for industry standards around paid parental leave and transitional arrangements for ex-Westpac employees.
In response to this feedback, Allianz has revised several aspects of their EA offer. Their latest proposal increases the guaranteed pay component to 2% annually for those earning up to $100,000 and expands paid parental leave from 12 to 16 weeks. However, this still falls short compared to other insurance sector employers.
Join us for a critical FSU meeting on Thursday 29 August 7pm (AEST) to discuss these updates and next steps:
When looking at management’s latest pay offer, it’s important to compare it to what other FSU members have recently won through EA negotiations within our industry:
It’s clear that Allianz’s latest proposal of a 2% annual guaranteed pay increase falls short of our insurance sector colleagues.
Stay up to date about bargaining developments by registering for the FSU meeting above. Feel free to invite your colleagues to join as well.
We strongly encourage everyone covered by this Enterprise Agreement to become a union member. Membership is key because our collective strength determines our bargaining power at the table
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