Archive for AXA Group

Pay 2019 – joint AXA/Unite statement

Joint Statement from AXA and Unite

This statement tells you the overall pay budget (how much AXA has to spend on salaries) and framework (how AXA will spend it) for 2019. This is negotiated between AXA and Unite for Associate to Professional bands and applies to all AXA Insurance and Corporate Centre employees.

Overall Budget

This year’s talks have concluded with an offer of a 3% increase for the total pay budget for employees in Associate to Professional bands. The same budget will apply to the Senior Professional to Senior Leader bands. Whilst the overall increase to the budget will be shared across all eligible employees, individual increases will vary based on the circumstances set out below. Any pay increases will take effect from 1 April 2019. 

Associate to Professional Pay Approach

Pay awards will be made to employees in these roles based on performance rating and position of salary in the pay range. The % amounts are set in order to be able to make larger awards to high performers and those lower in the pay ranges, while also remaining within the overall budget. 

Individual outcomes will be formally communicated to employees in March. Further information about how pay is distributed using the matrix can be found on the Manager Area on ONE.

Senior Professional to Senior Leader Pay Approach

Managers who are responsible for pay decisions for the pay review process (also known as Pool Heads) will have full discretion to set pay awards within the overall budget for employees in Senior Professional to Senior Leader roles. These decisions are made in the context of a range factors including individual performance, the external market and comparable pay between peers.

Future Changes to Pay and Bonus Approach

Following the recent changes made to AXA’s bands and pay ranges, it has been decided that Professionals will move into the discretionary approach (currently applied to Senior Professionals and above) for pay and bonus awards paid next year (2020). 

In implementing this change AXA will pay particular attention to ensuring fairness remains at the forefront of pay and bonus decisions and, as with any change, the approach will be subject to review to ensure it is meeting the objectives that have been set down for it.

Other Adjustments

AXA UK’s minimum salary will be increased to £16,380 (based on a 35 hour FTE contract). There are no other changes to pay ranges.

There are some local pay arrangements, like the AXA Insurance Claims Development Framework, which are managed outside of this process.

There’s more information on the pay review process on the My Pay & Benefits pages on ONE.

Next steps

Unite will ballot its members on this offer, with the ballot taking place between the 11th and 20thFebruary.

Please speak to your line manager or Unite representative if you have any questions.

 Claudio Gienal  Group Chief Executive AXA UK & Ireland  Dominic Hook National Officer Unite the Union         

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2019 Pay ballot

The 2019 Unite in AXA pay survey can be accessed here.

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2018 Pay Ballot Result

Based on a 75% return of ballot papers issued, the result of the 2018 pay ballot is as follows:

For: 72%
Against: 27%
Spoilt: 1%

We have communicated this to the company…

Thank you to everyone who voted and the local workplace reps for the hard work they put in running the ballot.

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Headline News

Click here to read the latest Unite in AXA newsletter on our 2018 pay claim.

Please leave your feedback below or talk to your local union rep.

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2018 Pay Survey

The 2018 Unite in AXA pay survey can be accessed here.

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2017 Pay Ballot Result

Based on a 72% return of ballot papers issued, the result of the 2017 pay ballot is as follows:

For: 79%
Against: 21%
Spoilt: 0%

We have communicated this to the company…

Thank you to everyone who voted and the local workplace reps for the hard work they put in running the ballot.

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AXA offer 2.7%

Click here to read the latest Unite in AXA newsletter on AXA’s 2017 pay offer.

Please leave your feedback below or talk to your local union rep.

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Pay 2017 – joint AXA/Unite statement

This statement sets out details of the overall pay budget (how much the company has available to spend overall) and framework (how AXA will spend that money) for 2017. These are negotiated between AXA and Unite for AXA Insurance (Levels 9-6) and Corporate Centre (Levels 9-6), and consulted with Vox for AXA PPP and AXA Global Protect (all levels).

Overall budget

This year’s pay budget talks have concluded with an overall pay offer of 2.7% for employees (Levels 9-3). Any pay increases will take effect from 1 April 2017.

Levels 9-6 Pay Framework

This year the way the pay budget will be delivered is changing slightly. For levels 6-9, similar to previous years, pay increases will be determined based on your performance rating and position in the pay range. This year there will be more consistency with a fixed matrix used to set pay increases.

The overall budget will be split as follows:

  • A fixed pay matrix that will spend 2.5% of the overall budget (as shown below), plus
  • An additional 0.2%; the allocation of this will be determined by each OpCo.

*For AXA Insurance and Corporate Center it has been agreed that the 0.2% additional spend will be used to enhance the above pay matrix. AXA PPP will use their additional budget alongside their matrix.

 Levels 5-3 Pay Approach

This year managers will have more discretion to set pay increases for levels 5-3, enabling more individual focus. Your performance and current salary against the pay ranges will still be part of the decision making.

Each pool head will be given a budget to distribute. All pay increases will need to be within the agreed overall pay budget.

Other adjustments

AXA’s minimum salary level will be increased; however the remainder of the pay ranges will be unchanged.

Other pay arrangements such as the Insurance Claims Development Framework and PPP Job Families are managed outside of this process.

Please see the My Reward pages on ONE for more information on the annual pay review process.

 Next steps

Unite will ballot their members, with the ballot taking place from Wednesday 25 January.

Please speak to your Line Manager or Unite Representative if you have any questions.

 

Lucinda Charles Jones                                                Dominic Hook

HR Director UK/I and                                                 National Officer – Unite

Global Life, Savings & Health

 

 

Addendum:

The additional 0.2% for AXA Insurance and Corporate Centre will be used to enhance the above pay matrix as follows,

 

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Unrecognised & unrewarded…

Click here to read the latest Unite in AXA newsletter on our 2017 pay claim  Please leave your feedback below or talk to your local union rep.

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2016 2nd Pay Ballot result…

Based on a 69% return of ballot papers issued, the result of the 2016 2nd pay ballot is as follows:

For: 48%
Against: 52%
Spoilt: 0%

We have communicated this to the company and have entered further talks…

Thank you to everyone who voted and the local workplace reps for the hard work they put in running the ballot.

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