CBA makes pay offer

Commonwealth Bank has proposed a pay rise for select staff of 3.75 per cent in this financial year, though workers judged to "require development" will get a rise of only two per cent.

Anyone assessed as "unsatisfactory" would receive no increase in pay.

The Finance Sector Union outlined the bank's pay offer at its website yesterday. The union told members that CBA was at "the bottom of the ladder in comparison to the other major banks."

The bank's offer would also increase the minimum pay rates for each grade by 2.5 per cent.

Last year CBA lifted pay rates by up to 3.5 per cent.