
This pay offer is not a done deal. CBA can do better
You would have seen late last week that CBA finally put forward their…
CBA has posted another record profit – this time $11 billion. This whopping profit shows that CBA can well afford to put forward a fair pay offer as part of our next Enterprise Agreement.
CBA’s ongoing success hasn’t happened by accident. It has come off the back of hardworking staff who deserve better. Staff who continue to face real cost-of-living challenges, who commute to an empty office to ‘collaborate’ with interstate colleagues over Microsoft Teams.
Staff who are told to direct branch customer queues to online banking, knowing that one day it might be the reason the branch closes.
Staff who do e-learning in their own time or log in early to ensure they can take the first call when their shift begins.
And staff who are concerned about the impact of AI and being replaced by cheaper overseas labour.
Unfortunately, CBA doesn’t see it that way. It’s not the ‘CBA Way’.
CBA’s current pay offer doesn’t recognise your contribution. It barely pays the bills.
We need a Better Way at CBA. Unfortunately, based on management’s latest offer, the ‘CBA Way’ is to ‘reward’ 70% of staff with a below CPI pay rise in the first year. And it’s to ‘reward’ almost half of all staff with a guaranteed total increase of just 2.5% or less over the next three years.
