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Merit increases from a 4.2% pot at Cheshire Building Society

Key details

  • Pay award: merit increases from a 4.2% pot, ranging from nil to 7%

  • Employees covered (nos.): all staff (800)

  • Effective date: 1 January 2007

Cheshire Building Society has awarded its 800 staff with performance-related pay increases from a 4.2% merit pot, effective from 1 January 2007. Awards ranged from nil to 7%, with the average increase worth 4%.