Real Wage increases

Issue

Pay ranked as the most important issue among NAB colleagues, with 81% of survey respondents indicating that their current remuneration is failing to keep up with cost-of-living increases.

Over 94% of survey respondents either agreed or strongly agreed that NAB should and can deliver an industry-leading pay increase that recognises increasing workloads and work complexity reflecting their hard work and contributions.

Including that fairness, transparency and equity are applied in determining pay across all Groups

Our Claim

  • Industry-leading salary increases for all employees across Groups 1-4 that keeps ahead of the cost of living and rewards employee contributions to NAB.
  • Employer superannuation contributions are to be increased and made progressive. Incorporating innovative measures to address the disadvantages that women face in retirement.
  • Pay transparency will be a central component of any future pay model that we support as will actions to address gender pay inequality.