This statement confirms the overall pay budget (how much AXA has available to spend on salaries) and framework (how AXA will spend that money) for 2018.Â These details are negotiated between AXA and Unite and apply to employees in all roles at Levels 6-9 in AXA Insurance and Corporate Centre.
This yearâ€™s talks have concluded with an offer of an increase in the total pay budget of 3% for employees in Levels 3-9. Any pay increases will take effect from 1 April 2018.
Levels 6-9 Pay Framework
Pay awards will be made to employees in these roles based on your performance rating and where your salary is positioned in the pay range.
|Â||Position in salary range
|95% & below||95% â€“ 105%||105% & above|
Levels 3-5 Pay Approach
Senior managers will have full discretion to set pay awards within the overall budget for employees in Level 3-5 roles. Your performance and current salary against the pay ranges will be part of the decision making.
AXA UKâ€™s minimum salary will be increased to Â£15,925 but other pay ranges are unchanged, although AXA UKâ€™s approach to pay ranges and pay families is currently under review.
There are some local pay arrangements, like the AXA Insurance Claims Development Framework, which are managed outside of this process.
There is more information on the pay review process on theÂ My Reward pages on ONE.
Unite will ballot its members on this offer, with the ballot taking place between 7 February and 20 February 2018.
Please speak to your line manager or Unite representative if you have any questions.
Group Chief Executive
AXA UK & Ireland