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MYSTATE: Poor cousins!

MyState Financial management is offering Finance Sector Union members a 2% per annum pay increase – significantly less than the Australian average of 3.4%.

The latest available Australian Government Department of Employment figures (September 2016) indicate that the average annual increase in enterprise bargaining agreements is 3.4%.

FSU negotiators have made this known during negotiations over the past fortnight and have asked management to revisit the offer as a matter of urgency.

MyState FSU members are urged to join the union campaign by letting management negotiators know that you won’t accept such a sub standard offer.

This is especially the case at a time when the Reserve Bank has predicted larger wage increases ahead. RBA Governor Philip Lowe advised the House of Representatives Standing Committee on Economics on 24 February that the RBA anticipates “wages could rise quickly to compensate for the period of low wage growth over recent years.”

And in another setback to lower paid workers, it is proposed that Grades 8 and 9 have eligibility for a proposed new 10% individual bonus while Grades 5, 6 and 7 are eligible for 5% and Grades 2, 3 and 4 are eligible for just 3%.

When push comes to shove it’s nice to know what they really think of you isn’t it?!

Don’t sell yourself short. Don’t be left behind when the Reserve Bank predicted wages surge leaves you in its wake. You deserve better.

Tell them NO!

*Please post the attached hard copy of the update on noticeboards in your workplace


Authorised By: Julia Angrisano, National Secretary
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