NAB Employees Have Voted in Favour for 2016 Enterprise Agreement
OREANDA-NEWS. NAB employees have voted in favour of the 2016 Enterprise Agreement with more than 87 per cent of votes opting to remove performance based pay for some employee groups, and strengthen parental and preventative health leave requirements.
NAB’s Executive General Manager of Performance and Reward, Lynda Dean said that this is a pleasing endorsement by employees to continue to make NAB a better place to work.
“This Enterprise Agreement will support our 35,000 Australian employees to deliver an even greater service to our customers,” Ms Dean said.
Key aspects of the new Agreement include:
- the removal of performance based pay for Groups 1 and 2 employees;
- employees will no-longer be required to work for 12 months to be eligible for unpaid parental leave;
- formalising that non-birth parents who are the primary carer are able to take paid parental leave;
- automatic eligibility for employees to receive 24 months parental leave;
- introduction of preventative health leave so that employees can use two days sick leave per annum for planned health appointments;
- group 1 and 2 employees (predominately customer service and support employees) to receive a 3 per cent pay increase from 1 January 2017 and for each year of the life of the agreement, provided they meet conduct requirements; and
- increasing the maximum period of service recognised for calculating retrenchment payments from 30 to 35 years.
Ms Dean said the NAB Enterprise Agreement reflects NAB’s focus on doing the right thing by our customers.