Archive for AXA Group

2020 Pay Ballot Result

Based on a 73% return of ballot papers issued, the result of the 2020 pay ballot is as follows:

For: 79%
Against: 20%
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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Unite negotiate overtime rate increase…

Following a recent legal ruling* that companies should take regular overtime into account for the purposes of employees holiday, Unite in AXA has been negotiating with the company on how to implement the ruling within AXA UK.

Rather than calculate each individual employee’s entitlement when they take holiday, with all the administrative complexity that would cause and debate about exactly what regular overtime was, Unite suggested to AXA that it apply a flat increase to the overtime rates, which whilst a slightly more expensive option as it goes beyond the legal ruling, was a simpler and less bureaucratic approach, and easier to understand and implement.

After some negotiation we are pleased to advise AXA agreed with our suggestion and with effect from 1st January 2020, all overtime rates in AXA UK have been increased by 5.5%, regardless of whether the overtime worked in ‘regular’ or not, to ensure AXA complies with the new ruling.

* The legal situation in Northern Ireland is still under review and we are waiting on the resolution of that to see what we can do for overtime rates there.

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AXA offer 3% pay pot

Click here to read the latest Unite in AXA newsletter detailing the 2020 Pay Offer we have presented to the company. Please leave your feedback below or talk to your local union rep.

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2020 pay ballot now open…

The 2020 pay ballot for members in the AXA UK bargaining unit is now open and will close at 2pm on Wednesday 19th February.

Your local union rep should provide you with a paper ballot paper and instructions on where to deposit it once you have voted. If you have not received a ballot paper within the next couple of days, please contact your local rep, a list can be found here.

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Pay 2020 – joint AXA/Unite statement

Joint Statement from AXA and Unite 

  • The 2020 pay budget has been reviewed by AXA and Unite.
  • A 3% pay increase to the overall budget has been offered. 
  • Individual pay awards will vary based on 2019 performance and position in pay range.
  • Bargaining unit ballot will run from 10th– 21th Feb. 

This statement sets out the overall 2020 pay budget (how much AXA has to spend on the annual pay increase) and framework (how the budget is distributed). This is negotiated between AXA and Unite for Associate to Professional bands and applies to all AXA Insurance and Corporate Centre employees.

Pay Budget 

This year’s talks have concluded with an offer of a 3% increase to the total pay budget for employees in Associate and Senior Associate bands. The same budget will apply to the employees in the Professional to Senior Leader bands. Pay increases will take effect from 1st April 2020. 

AXA and Unite pay budget review – Senior Associate and Associate

Though the 2020 pay budget (the amount available to spend) is 3%, actual pay awards for individuals will vary according to two factors – 2019 performance and position in pay range. This means that the budget will be geared more towards those with higher individual performance and those positioned at the low end of the pay range, as can be seen in the matrix below.

Individual pay awards 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.

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 discretion to set pay awards within the overall budget for employees in Professional to Senior Leader roles. These decisions are made in the context of a number of factors including individual performance, the external market and comparable pay between peers.

This year, for the first time, the Professional pay band will move into this discretionary pay population. Although this is a change from previous years where Professionals used the same matrix as Advisors and Senior Advisors, AXA are committed to ensuring that fairness is maintained in the new arrangement.   

Other adjustments to Pay Ranges

AXA UK will increase minimum salaries in the pay ranges in line with the Real Living Wage for National and London (£16,926 and £19,565, respectively, for a 35-hour FTE contract).

New pay ranges will shortly be available on One and are effective 1 April 2020. There’s more information on the pay review process on the My Pay & Benefits pages on ONE.

Next steps – Bargaining unit ballot

Unite will ballot its members on this offer, with the ballot taking place between the 10 and 19 February.

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

If you’re a PPP employee, you can view the relevant pay statement on Healthnet.

Other AXA entities based in the UK will have their own pay arrangements.

Claudio Gienal     Dominic Hook 

Group Chief Executive  National Officer 

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We want a fair increase…

Click here to read the latest Unite in AXA newsletter detailing the 2020 Pay Claim we have presented to the company. Please leave your feedback below or talk to your local union rep.

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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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