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5-29-2020 01:50  Write a comment Send E-mail

Bendigo bank workers prepare for new hq. They need to make some big changes. #Bendigo — Mark Dyer (@markdayyer) December 16, 2017

Bendigo Bankers have been asking for changes to their pay since last week. That wasn't the last time the bank was asked to do this.

One of the biggest changes that is coming is that staff will receive a 2.5 per cent raise per year to keep pace with inflation, but staff will also be receiving pay rises of between 6 per cent and 8 per cent over the next four years.

However, it is expected that the new pay and benefits will take effect from July 1, 2018, which includes an expected hike to about 2.2 per cent in 2018-19.

However, some branch managers have questioned if staff will continue to be getting pay increases, saying that they are still making a contribution to the bank and there is still plenty left after the first year.

Employment and Education Minister Michael Woodhouse has responded that the pay and benefit changes are necessary to keep up with inflation, and that there's still plenty of room for them.

"This is more money for the unemployed," Woodhouse told 3AW.

"It is the only way we are going to get people back on the housing ladder in this country. We are asking people to work fewer hours for more money."

The minister said the changes are based on changes in the national standard of living and that it would be hard to ensure peopl
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