Salary Trends

• John Kavanagh

Women in the financial services face one of the highest pay gaps of any industry in Australia, according to the Workplace Gender Equality Agency’s latest gender pay gap study. read more

• Ian Rogers

Reserve Bank of Australia staff have endorsed a three-year enterprise agreement, following a second vote that closed last Thursday. read more

• George Lekakis

While most banking industry workers are already pocketing 5 per cent salary rises, the RBA and the FSU remain at loggerheads over pay and conditions after six months of sporadic and almost fruitless e.. read more

• Ian Rogers

Matt Comyn, CEO of Commonwealth Bank last week sold a parcel of shares in the bank with a market value of $1 million.  read more

• Ian Rogers

On Friday, Banking Day reported (correctly) that the RBA’s 2023 annual report disclosed a 10.5 per cent rise in the remuneration for then-governor Philip Lowe. There is nuance behind this number, howe.. read more

• Ian Rogers

Reserve Bank staff campaigning for a better pay offer from the bank will underline the pay benchmark set from the top – with governor Philip Lowe paid 11 per cent more in FY2023. As expected, the RBA.. read more

• George Lekakis

The Reserve Bank is facing the prospect of industrial action as its hardball negotiations with the Finance Sector Union intensify with no sign of agreement. read more

• Ian Rogers

Commonwealth Bank and the Finance Sector Union have reached an in-principle agreement over an improved Enterprise Agreement, including a sector-leading pay rise. read more

• Ian Rogers

ABS labour force data once again shows that any narrative around efficiency and productivity in the banking and finance sector is hard to believe. read more

• Ian Rogers

Staff at the RBA have voted to reject a new enterprise agreement centred on a pay rise of 4 per cent. read more

• George Lekakis

The Finance Sector Union is adamant the Reserve Bank will be forced back to the negotiating table after a 4 per cent pay offer is put to a vote of staff next week. read more

• Ian Rogers

The board of Commonwealth Bank may dislike the way things are going at the bank.   read more

• George Lekakis

Reserve Bank governor-elect Michele Bullock has urged the central bank’s salaried workforce to support a new pay offer to ensure they get pay rises at the same time as contracted staff. read more

• Ian Rogers

Either there have been a lot of unnoticed layoffs in banking and finance lately or those fortunate to have a job are being paid less. It looks like the latter. read more

• Ian Rogers

As Qudos Bank sheds members but holds its own financially among mutual bank peers, the cynics at the bank’s AGM voted down a proposal to hike directors’ fees. read more

• Ian Rogers

NAB repels around 50 million cyber attacks a month, CEO Ross McEwan said last night. read more

• George Lekakis

The bitter feud between Westpac and the Finance Sector Union has reached a decisive moment, with around 25,000 staff set to vote on a proposed enterprise deal advanced by the bank. read more

• John Kavanagh

While Bank of Queensland’s senior management was meeting with investors yesterday to discuss the bank’s 2021/22 results, its union members were meeting to discuss the bank’s latest pay offer. read more

• George Lekakis

Enterprise negotiations between the National Australia Bank and the Finance Sector Union have entered a critical phase. read more

• George Lekakis

The Finance Sector Union is stepping up its campaign to win six per cent pay rises at Westpac and across the banking industry after it released the findings of a commissioned industry study conducted.. read more