Newsletters From BTU
Job Families & The Merging Of ‘Uppers’ and ‘Lowers’
Members are going to hear a lot about ‘job families’ when the bank announces its new approach to career progression. The easiest way to explain this is as a group of related jobs organised in terms of grade. So, there might be an HR, Finance, Audit, Digital or...
Schroders Bonuses
Much of Lloyds Banking Group’s profits for 2019 are going to be wiped out by PPI compensation payments. Staff in LBG have been told to expect significantly lower bonus payments in February, with some suggestions that bonuses could be reduced by 25%.How does that...
Letter To Dame Linda Dobbs DBE Regarding HBOS Reading
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Pay & Grading In 2020
Unless the new grading and reward structure to be announced later this year deals with the issue of progression, staff will continue to be undervalued relative to the market place. And the issue of progression will become more important with the contraction of grades...
The PPI Scandal And Sales Culture In Lloyds Banking Group
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Bah Humbug – Lessons From The Christmas Party
You probably won’t be surprised to hear that every January, we receive calls from members being investigated for their alleged misconduct (or gross misconduct – that is misconduct justifying dismissal) at their office Christmas parties. Allegations have...
Pay 2020 – Another Missed Opportunity
The 2020 pay pot is 2.4% compared to 2.6% last year. However, the Office for Budget Responsibility, which provides independent and authoritative analysis of the UK Public finances, is predicting that when pay becomes effective in April 2020, retail price index (RPI)...
Bank Pushes Working Pattern Changes
We’ve received numerous calls from members concerned about what appears to be the Bank’s latest push to change working hours and align them with branch opening times. Many of the members have been concerned that they will only be paid for the opening hours of the...
Union Campaign On Executive Pensions Wins Pension Increases For DC Members
By focusing relentlessly on the Mr. Horta-Osorio’s pension allowance worth 33% of his basic salary, and the allowances for all senior executives compared to those for staff generally, the union has forced Lloyds Banking Group to cut his pension package by £230,000 to...
Bank Breaks Own Policy On Fact Finds
A member subject to a fact find interview (an investigation meeting) asked for a copy of the recording made at the meeting or a transcript, only to be told by the Bank that she couldn’t have one. Leaving aside the wider implications of refusing to provide evidence...
BTU Newsletters
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