MEDIA RELEASE 27/08/2017
LPOGroup welcomes the remuneration transparency for Australia Post’s MD / GCEO & Senior Executives in the Australia Post 2017 Remuneration Report released today.
We understand that this has been a matter of public interest in recent times and the remuneration structure and explanations within the report are insightful.
Of particular interest is the LTI (Long Term Incentive) plan in which considerable bonuses were paid to the MD & GCEO on the condition of meeting various ‘Success factors’.
That time of the year again when we get to increase our employees wages from our thin air bucket.
For Licensees with employees the new pay rate applies for the first pay period from 1 July 2017
They have really outdone themselves this time. A mammoth effort on behalf of Licensees! Simply astonishing in almost every word on both pages. Maybe we need to send them a dictionary so they can look up words like integrity.
Consider this post - did POAAL really lock our payments in to the agreement in 1990? And then every year since then send out notification to Licensees saying they have negotiated the annual increases?
The ACCC has requested that we provide the following letter to members who did not consent to participate in the Collective Bargaining submission.
I assume the rest of us will also be interested in reading this.