Thousands of insurance workers will enjoy guaranteed pay increases for the first time under FSU-negotiated agreements
While 2020 has delivered plenty of challenges, the Finance Sector Union has achieved enterprise agreements that secured improvements to terms and conditions – including guaranteed across the board pay increases to thousands of insurance workers for the first time in a generation.
Enterprise Bargaining Agreements for workers at IAG, BUPA and Allianz Australia have been finalised and while both BUPA and Allianz Australia agreements are still subject to employee ballots, all three agreements deliver on key terms and conditions for insurance workers.
Each of these agreements delivered improved Paid Domestic Violence leave (10 days paid leave at both IAG and Allianz Australia with BUPA leading the way with up to 20 days paid leave to impacted workers) as well as guaranteed pay increases to almost all unpackaged staff in all three insurers. The quantum of the increases varies, but the move away from a solely performance-based pay approach is a clear win for all insurance workers.
2020 has demonstrated the importance of union membership and the wins we can secure when we act collectively.
While we’re celebrating these wins however, we need to stay focussed on what’s important. 2021 will see renewed attacks by the federal government on the legislated 1 July 2021 increase to compulsory Superannuation as well as their proposed “Industrial Relations Omnibus Bill” that seeks to water down workers’ rights.
2021 will be a chance to enjoy the gains we’ve secured in 2020 while at the same time protecting what we’ve got from attack.
Wherever you find yourself over the holidays, we wish you much joy and happiness. If you’re on the roads drive safely and for those of us who find ourselves separated from family and friends due to the global pandemic we hope 2021 delivers improved health outcomes and a safe opening of borders across the world.
On behalf of Insurance Reps