Does Hume Bank’s Moral Compass Finally Point in the Right Direction?

2.5% wage increase backdated to 1 July 2019 will be in your account next week

Hume Bank will now process the first increase of 2.5%, backdated to 1 July 2019, on 23 January 2020. The bank’s refusal to implement the first set of the FSU negotiated wage increases (before the Fair Work Commission’s approval of the proposed new enterprise agreement) has finally changed.

The FSU welcomes this decision – however the union would have preferred Hume Bank to take this initiative much earlier.

The FSU made repeated requests to Hume Bank to implement the first set of wage increases in the first pay cycle immediately after the agreement was approved by a majority of staff, through the independent ballot process. The requests that were made during bargaining culminated in correspondence being sent to both the bank’s management and the board, however the response remained the same.

Meanwhile, the Union has asked Hume Bank to live up to its rhetoric on looking after its employees – by ensuring that employees who left the bank on or after 1 July 2019, and those who would be leaving before the FWC’s approval, are also given the 1 July 2019 backdated 2.5% increase. This would signal Hume Bank’s moral values are well and truly alive.

Please share this Update with your work colleagues.

In Unity,
Rebecca Reilly


Contact Details

Finance Sector Union
Ph: 1300 366 378

Authorised by Rebecca Reilly, Local Executive Secretary NSW/ACT