Don’t settle for the bottom pay that Zurich is proposing, and be locked into it for the next three years while inflation continues to climb.
Our first pay increase won’t even take effect until 1 April 2024. That’s more than four months away!
We have the time to get this right.
Pledge to vote NO when the ballot opens on 7 December so we can immediately re-establish negotiations for a better pay deal before April 2024.
PLEDGE TO VOTE NO
How does Zurich’s proposal compare to our industry colleagues?
Zurich’s proposed 9.5% pay increase (4% in year one, 3% in year two and 2.5% in year three) will leave all of us worse off and see us fall behind our industry colleagues. See the difference for yourself below.
It also only applies to those earning under $90,000, while the rest of us are guaranteed nothing as performance pay remains discretionary and provides us with no guarantees.
Our colleagues in NAB, Bank of Queensland and Reserve Bank of Australia all voted NO in the last 12 months to their substandard offers on pay and conditions. All three employers returned to the bargaining table which resulted in real improvements to pay and conditions in their final Agreements.
Only by voting NO will we be able to immediately re-establish negotiations and win an improved pay deal.