P&N Bank has agreed to our claim for a guaranteed 3% annual wage increase as part of the proposed new enterprise agreement.
Following negotiations last week, management contacted the FSU on Friday and made the revised offer. The difference between the previous offer and the revised wage offer are as follows:
| Year | Previous Offer | Revised Offer |
| 2021 | 3%, back dated to 1 July | 3% backdated to 1 July |
| 2022 | 2% or CPI (capped at 4%), whichever is greater | 3% |
| 2023 | 2% or CPI (capped at 4%), whichever is greater | 3% |
We have also negotiated the following improvements:
| FSU Claim | P&N Bank response |
| Work from Home provision | Agreed |
| Adequate staffing obligation | Agreed |
| 15 days paid Domestic and Family Violence leave | Agreed |
| 5 Days paid Natural Disaster Leave | Agreed |
PN Bank have proposed a further recalibration of their salary bands:
| Current Proposed Bands | New Proposed Bands | ||
| Min | Max | Min | Max |
| $43,050 | $53,523 | $45,762 | $56,199 |
| $48,175 | $64,227 | $50,847 | $67,438 |
| $52,503 | $74,932 | $55,931 | $78,679 |
| $61,500 | $90,988 | $66,101 | $95,537 |
| $84,460 | $112,397 | $81,353 | $118,017 |
| $92,250 | $160,567 | $101,693 | $168,595 |
Our next meeting with management is on Friday 24 September. As your negotiators we believe that the latest offer by management is fair and worthy of your consideration. We need to hear from you before our meeting on Friday. Send us your feedback before COB Thursday 23 September.
In Unity
Your FSU Bargaining Team
Mia Perring: mia.perring@bcu.com.au
Laura Richards: laura.richards@pnbank.com.au
Diane Hawkins: diane.hawkins@pnbank.com.au