Unite in AXA have issued a newsletter on AXA UK‘s 2023 pay offer and our ballot of members which is now open. Please leave your feedback below or talk to your local union rep.
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Pay 2023 joint AXA/Unite statement
- This statement applies to all AXA UK employees other than those in AXA Health
- The 2023 pay budget has been negotiated by AXA and Unite
- A 7% pay review budget has been offered for the Unite bargaining group (Associates, Senior Associates and Professionals). Pay awards for each of these grades will be distributed via a fixed matrix which accounts for an individual’s 2022 performance and current position in the pay range
- A 7% pay review budget will also be provided to Senior Professionals, Leaders and Senior Leaders, following consultation with AXA’s Manager representatives. Individual pay awards for employees in these grades will be made by manager discretion
- The Hybrid Working Allowance will be extended on an on-going basis
- Unite members will go to ballot (i.e. vote on the offer) between 16th and 22nd February
- All pay increases will be effective 1 April 2023
Each year the pay budget (the amount of spend allocated to pay increases) and how it is distributed out to our people is reviewed. These elements are negotiated between AXA and Unite for all AXA UK employees in Associate to Professional grades, except for those in AXA Health.
AXA Health has also released their own pay statement today.
This year’s negotiations between AXA and Unite have taken place during a very challenging economic backdrop, with high inflation and a cost-of-living pressures putting pressure on both our people and our business. Despite this difficult backdrop, negotiations have progressed in good spirits with both sides trying to find a fair outcome.
Negotiations have now concluded with an offer of a 7% overall pay budget increase for all colleagues across the Associate to Professional grades.
Similarly, a budget increase of 7% will also apply to the Senior Professional to Senior Leader grades, as agreed during consultation with AXA’s Manager Representatives.
How AXA distributes pay awards – matrix vs. discretionary approaches
AXA distributes pay awards based on either a matrix or discretionary approach according to employee grade. Both approaches are described in more detail below, but this table shows which approach, and proposed pay budget value, applies to each employee grade in 2023:
|Matrix pay distribution||Discretionary pay distribution|
|Associate||Yes – 7% budget||No|
|Senior Associate||Yes – 7% budget||No|
|Professional||Yes – 7% budget||No|
|Senior Professional||No||Yes – 7.0% budget|
|Leader||No||Yes – 7.0% budget|
|Senior Leader||No||Yes – 7.0% budget|
Unlike recent years, Professional grades are being included in the matrix pay distribution approach for 2023 awards.
2023 Matrix pay distribution approach (Associate, Senior Associate & Professional)
The total 2023 pay budget increase (the amount available to spend) for this group is 7%, however the actual pay award for each individual will be influenced by their performance rating and the position of their salary in the pay range. Following the matrix below, this means that larger awards will be provided to those with a higher performance rating and those positioned at the lower end of the pay range.
Further information about how pay is distributed using the matrix (including how to calculate your position in range) can be found on the My Pay page on ONE.
Why is AXA proposing to include the Professional grade in the matrix approach in 2023?
In recent years, Professional grades have typically been included in the discretionary approach of distributing pay. However, we are changing this approach for 2023.
Feedback received from our Professional-graded colleagues is that they would prefer to have the greater certainty of pay award outcomes that a matrix pay approach provides.
At this point, this change is effective for the 2023 pay awards only but we have agreed with Unite that we will conduct a review later in the year to review the matrix approach and the grades that it is applied to. The outcome of that review will take effect for the 2024 pay awards.
2023 Discretionary pay approach – Senior Professional, Leader & Senior Leader
Managers who are responsible for making pay decisions during the pay review process (also known as Pool Heads) will use their discretion to provide pay awards for employees in Senior Professional to Senior Leader grades, keeping within the overall 7% budget.
Pool Heads consider a range of factors when making a decision on an individual’s pay including their performance, position in the salary range, the external market and comparison to peers. Outcomes are reviewed centrally to ensure fairness. The process for these checks and the guidance provided to Pool Heads ahead of pay review are reconsidered each year to ensure that they continue to be fit for purpose and lead to appropriate pay outcomes.
Hybrid Working Allowance
The Hybrid Working Allowance of £6 per week is to continue on an on-going basis (subject to HMRC continuing or modifying the arrangement). The payments will be available to all employees at all levels up to Senior Leader (apart from those who are 100% office-based) and are not subject to tax or National Insurance Contributions.
Adjustments to pay ranges
Minimum salaries in the UK pay ranges were uplifted above the new Real Living Wage for National and London in October 2022.
Pay ranges have been assessed again to determine whether further adjustments are required, keeping the external market in mind. The revised 2023 pay ranges will be available in the Manager area on ONE towards the end of February and will be effective 1 April 2023.
Spot rates in the Insurance Competency Frameworks were reviewed in October 2022, with uplifts being applied where spot rates remained lower than the new AXA UK minimum salary.
All current frameworks are now being reviewed against the market and any further adjustments to spot rates will be applied with effect on 1 April 2023.
Unite members will go to ballot on this offer between the 16th and 22nd February. The final pay budget won’t be confirmed until the results of the ballot are known.
Individual pay outcomes will be formally communicated to employees in March and any pay increases will take effect from 1 April 2023.
There is more information on the pay review process on the My Pay page on ONE. Please speak to your line manager or Unite representative if you have any further questions.
Claudio Gienal Dominic Hook
Group Chief Executive National Officer
AXA UK & Ireland Unite the Union
SIgn the Fair pay in AXA UK petition…
Unite in AXA are currently engaged in talks with the company over the 2023 pay award. We need you to show how strongly you feel that AXA UK should give you a Fair Pay rise during the current cost of living crisis.
Please sign the petition HERE and encourage your colleagues to do so too…
AXA listen to Unite petition…
With over 1500 employees having signed our Working From Home allowance petition, we are very pleased that AXA UK have listened and will be putting a place a £26 a month tax and national insurance free allowance for all hybrid workers (except those in very senior positions) over the winter period backdated to the beginning of October.
Unite in AXA are pleased that AXA has agreed to take this action following our discussions given the pressures hybrid workers are facing on heating and electricity costs this winter.
This does not of course bring an end our discussions with the company on the Cost of Living Crisis and we are still working with them on a number of our suggestions to help staff at this extremely difficult time. Hopefully there will be more good news regarding help for struggling employees in the coming weeks…
The success here does demonstrate the importance of having your voice heard and there are more issues coming up, including the 2023 pay talks, which we will need the opinions of our members in AXA on soon.
If you do not feel you need the allowance and would like to donate it to charity you might consider giving it to the likes of National Energy Action, The Trussell Trust or Fareshare who are helping people struggling with the Cost of Living crisis…
Unite present cost of living support suggestions to AXA…
Following recent discussions between Unite in AXA local reps and our members to discuss ways of helping alleviate the cost of living crisis on employees in AXA UK, we have collated and submitted a list of suggestions to management.
Top of the list was a one-off cost of living payment. A number of financial services sectors have already made awards to their employees (most commonly £1000) and we have requested AXA do the same, looking at the most beneficial way to get the maximum amount into your pocket.
There were a number of other suggestions including increasing the benefits through MAX (especially supermarket discounts and adding energy providers); expanding the season ticket loan scheme to a general loan scheme; help on commuting costs including extending the repayment period for Cycle2Work; breakfast/dinner clubs; a lunch allowance for office workers; an employee hardship fund; the reintroduction of the homeworking allowance and the supply of heating equipment to employees who require during the winter months.
We have submitted the ideas to AXA management and are looking forward to their considered response as soon as possible.
The year of squeeze…
Unite in AXA have issued a newsletter detailing the 2022 Pay Claim we have presented to the company today. Please leave your feedback below or talk to your local union rep.
2022 Pay Survey
The 2022 Unite in AXA pay survey can be accessed here
Work your proper hours day…
2021 Pay Ballot Result
The result of the 2021 pay ballot is as follows:
We have communicated this to the companyâ€¦
Thank you to everyone who voted and the local workplace reps for the hard work they put in running the ballot.
1.5% pay pot on offer…
ClickÂ hereÂ toÂ readÂ the latestÂ Unite in AXAÂ newsletter detailing the 2021 Pay Offer we have presented to the company.Â Please leave your feedback below or talk to your local union rep.