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Britannia: 3.25% merit pot


Key details

Pay award: 3.25% merit budget

Employees covered (nos.): all staff (3,300)

Effective date: 1 January 2005

Around 3,300 staff at the Britannia Building Society have been awarded all-merit increases from a 3.25% pay pot, effective from 1 January 2005. Increases are awarded according to the organisation's performance grading, with no rise given to the poorest performers.