Pay negotiations between AXA UK and Unite have concluded with the following pay offer for employees in Uniteâ€™s bargaining group in levels 9-6a. Employees in levels 9â€“3 who are not collectively bargained for will also receive this pay offer. Pay arrangements for the Insurance Claims Development Framework are managed outside this process.
A headline pay offer of 2.5% delivered as follows:
- A pay increase based on a 2% pay matrix. Any increase will be based on your performance and position against the pay ranges using the matrix shown below:
* For employees â€œAboveâ€ the pay range (i.e. where their FTE Salary is over the maximum of the pay range) the amount payable will be based on the percentage from the “High/Above” category in the pay matrix and the maximum salary for the applicable range.
- A 0.5% targeted spend budget to focus on specific key areas determined by each OpCo. Unite will be kept informed of the companyâ€™s decisions in respect of its bargained for group. Allocation of the targeted spend budget will be concluded by the end of September 2016.Minimum salary levels in each of the pay ranges will be increased, the remainder of the pay ranges will be unchanged.
Please see the My Reward pages on ONE for more information on the annual pay review process.
Unite will ballot their members, with the ballot taking place from Monday 25 th January to Friday 5th February.
Â Please speak to your Line Manager or Unite Representative if you have any questions.
Lucinda Charles Jones Â Â Â Â Â Â Â Â Â Dominic Hook
Group HR Director Â Â Â Â Â Â Â Â Â Â Â Â National OfficerÂ Finance & Legal, Unite