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Stroud & Swindon: all-merit rises from 3% pot

Key details:

  • Pay award: all-merit increases from 3% pay pot, plus up to 8% bonus

  • Employees covered (nos.): UK staff (408)

  • Effective date: 1 January 2004

    The Stroud & Swindon Building Society has awarded employees all-merit rises from a 3% pot, effective from 1 January 2004. Individual increases ranged from 1% to 5% and were determined by assessments of competency and performance against objectives.