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
- 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.