4% paybill increase at Severn Trent Water
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Pay award: performance-related awards add 4% to paybill, in second year of two-year deal Employees covered (nos.): staff, craft and process workers (4,800) and production (200) Effective date: 1 July
2006 |
The second and final stage of a two-year deal at Severn Trent Water has resulted in pay increases that add a total of 4% to the paybill. The size of the pot from which rises are distributed was determined by the headline rate of inflation for November 2005 (2.4%), plus an additional 1.6% linked to exceeding targets for key performance indicators relating to profitability; absence levels; and the Reporting of Injuries Diseases and Dangerous Occurrences Regulations (commonly known as RIDDOR).
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