Stroud & Swindon: All-merit rises from 3% pot
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Pay award: all-merit increases from 3% pay pot Employees covered (nos.): all staff (408) Effective date: 1 January
2005 |
The Stroud & Swindon Building Society has awarded employees all-merit rises from a 3% pot, effective from 1 January 2005. An additional 1.8% pot was allocated centrally to raise minimum salaries to £11,000 a year, and adjust customer support and customer facing staff salaries to the midpoint.
Individual increases ranged from 1% to 5% and were determined by assessments of competency and performance against objectives.
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