This is a preview. To continue reading, register for free access now. Register now or Log in

Britannia: 4% merit pot


KEY DETAILS

  • Pay award: 4% merit budget

  • Employees covered (nos.): all staff (4,500)

  • Effective date: 1 January 2007

    Around 4,500 staff at Britannia Building Society have been awarded all-merit increases from a 4% pot, effective from 1 January 2007.

    Pay increases are awarded according to the organisation's performance grading, with no rise for the poorest performers.