11 September 2019

FY20 Performance Objectives and Reward Framework – How Do They Measure Up?

The FY20 performance year performance objectives and reward framework will come into effect on 1 October 2019.

In preparation for commencement of the new performance year, the bank is currently consulting with staff about proposed performance goals – what is new, what has changed, and how discretionary variable reward will work.

Consultation is our chance to ask questions. We can clarify the proposed performance goals and reward framework, the period they will apply for, and how they reflect the work we are doing. This is also the chance to provide suggested changes or feedback.

In both the setting and assessing of performance objectives, management must consider your feedback.  The following factors must be taken into account:

  • Market Factors
  • Your experience
  • Staffing levels
  • Approved absences
  • Provision of appropriate training in order or you to perform your role

Act Now – send your feedback in by 17 September

This is your chance to have your say about your targets, performance goals and reward framework.  When providing feedback to your manager or the bank consider all the factors listed above. Make sure you understand what is required and that your performance goals are achievable.

We also want to hear your feedback on the FY20 performance objectives and reward framework: email us at fsuinfo@fsunion.org.au

Don’t forget to speak to your workmates and encourage them to also participate.

Remember all feedback you provide to your manager must be considered.

Authorised by Julia Angrisano, National Secretary