Bi-Partite Negotiations.
Members are aware that wage revision talks between UFBU & IBA are in progress and the outcome so far has been communicated through our messages and circulars at regular intervals.
However we have been receiving queries from our cadres and members to explain the process of negotiations and the correct interpretations involved to dispel the confusion that is deliberately being created by forces with vested interests. Accordingly we clarify some of the points as under:
1) IBA had proposed Bank-wise settlements as against Industry-wise, but this demand was thwarted by UFBU. Thus the principle of “Same Work Same Pay” & “One industry- one service conditions” have been upheld for all Bank employees represented by UFBU.
2) UFBU is negotiating on above principle to decide the increase in wages based on the paying capacity of “the entire Banking Industry” as per consolidated financials. This includes big, small, strong and weak banks. This shows the ambit of responsibility of our Unions under UFBU, since the entire exercise of wage revision will be decided on the basis of “cost to industry basis” that will ensure all banks can absorb the wage costs.
3. It has been agreed with UFBU that the new wages will be effective from 1st Nov 2012 and the DA at 4440 points of CPI will be merged with the Basic.
Now UFBU is negotiating the additional load the industry can bear on account of the wage revision. The % of load that is being decided does not mean the wages will increase at the same percentage. From earlier wage settlements we can infer that the gross wage increase in terms of % is much higher than the percentage of load.
For 9th Bi-Partite settlement, when the pay slip components constituted around Rs.3000 cr and the same was around 11% of the total load, the average increase in gross wages amounted to about 18%.
4. For this settlement unlike earlier settlements, UFBU while negotiating has decided to exclude the incremental cost of wage revision towards Retirement benefits – i.e for Pension, PF, Gratuity, and NPS and Leave encashment etc. were required to be borne by the Banks.
These costs are consequential and are to be borne by the Banks out of its profits. UFBU is thus concentrating on Pay Slip Components and negotiating increase in the same.
5. By securing 9.5% load on the pay slip components, UFBU has achieved a quantum load of Rs.3000 cr which is the quantum achieved in the 9th Bi- Partite settlement.
Thus the per-capita/ per-employee cost achieved in last settlement is already secured, and is a very significant step forward considering the difficult socio-political situations. UFBU proposes to be further improve upon this quantum in future negotiation, thereby increasing the quantum as well as increasing percentage of the wages, since the total work force as on date is at the same level of settling last Bi- Partite settlement.
After distributing the load, the same will surely be reflected in terms of reasonably higher percentage of wage increase.
The above progress is due to the negotiating efforts of UFBU leaders only and no other union has any right to claim credit.
It is only the UFBU’s pressure arising out of one days strike on 18 dec 2013 and declaring 2 days strike on 20th &21st January 2014, IBA was directed by Central Labour Commissioner, New Delhi, to pre-pone the discussions and continuously negotiate with the UFBU for amicable settlement.
However, unfortunately, without understanding the facts attached to the negotiations, rumour mongering is unleashed by some employees and officers to divide the unity and confuse the workforce. Irresponsible and uncalled for comments are being posted in social websites attempting to provoke anger, animosity and division against UFBU Unions.
Already one miniscule minority union BKSM has started to toot the tune of IBA by saying in their circular that “9.5% of pay slip amounts to Rs 6450 cr forming 11.46 % of overall establishment cost” thereby distorting the costing on wage revision.
We request our member employees to understand the progress made so far in its correct perception and adhere to the directives of our union to ensure that the on going negotiations culminate in a settlement to our satisfaction.
We know that Bank employees under the banner of UFBU are wise enough to understand the precarious situation and are capable of rejecting rumour mongering.
We need to be patient and bestow confidence to our leaders while awaiting future negotiations from 27th January 2014 onwards. Let us collectively await UFBU’s analysis how IBA approaches the issue for further improvements in wages and service conditions etc.
The progress or otherwise of the future negotiations /meetings will decide our course of action.
Need a simple answer as to how much basic is going to increase and wat will be DA after da merger
ReplyDeletewht abt 5 day banking??
ReplyDeleteAs you said one industry-one service then what about SBI... why the pay is different between sbi and other banks
ReplyDeleteAnd same work-same pay.. while comparing work is strong bank and week bank the work is also different...
Comrades, please do not fall prey to the comments of the union people as above. They have said that they have achieved Rs.3000 crores as achieved in the last BPS (9th) and for this they have put one justification that the staff strength now is equal & at the same level of settling last Bi- Partite settlement. This cannot be taken for granted. At the time of settlement of 9th BPS, the cost of living was much lower than that of present day situation. Moreover, the salary of a Peon in Govt. is equal to the salary of a Clerk in Banking Industry. Is the UFBU leaders are treating our Clerks as Peons in Govt. or our Officers as Clerks in Govt ?. The quantum of work done by the clerks and Officers and the period of working per day more than that of the Govt. counter parts. Let the UFBU leaders clarify this and proceed to say that they are humbled by the forces with vested interests.by posting so called undesired news. Here the UFBU leaders should have in mind that we bankers are making sizable profits even after provisions for NPA, for which we have no reason for it and the Govt. servants are being paid out of Tax Payer's Money.
ReplyDeleteAgreed with KANAGARAJ JAGANATHAN, we bankers are getting worst pay then a peon in Govt. We Cannot leave our counter (table) for a single minute and in Govt. Their employee rarely found on their table, most of Govt department are always in loses, we are a part of profit making team, still we people are being considered as trivial and feeble one's.
ReplyDeleteAre e ufbu wale pagal banarahehe bank logoku, e logo iba se mile huve hai aur e sabhi kam chor hai, e log kam ku darke apane bhalai ke liye union/ association me jatehai. Bankars ke bhalai ke liye nahi.agar is bar acha wage settalment nahi kiya to regine deneke liye sabhi bankars pressure karanaa.
ReplyDeleteUnion and Association leaders representing UFBU are making a fool out of us. For the last one year see the Association fee I paid..
ReplyDeleteMonthly subscription : Rs 200 * 12 = 2400
One time fee for Triennial meeting = Rs 1500
Another one time fee for some other meeting = Rs 200
Total for the year 2013 = Rs 4200.
Now whatever we get as arrears of the settlement (probably by Nov 2014, 2 years arrear of settlement ) they will suck 5% out of that too and that is why they are making the settlement as much late as they can ...After all these cost paid to these dimwits we are made dumbfucks at last.
@ Saurabh :
ReplyDeleteLet the basic be 10000.
Now the DA is 96.15% and current gross will be 19615
Out of that 60.15 ie merged (as on Nov 2011)
ie new Da = 16015 (before additional load)
Now they have offered an additional load of 9.5%.
Therefore Basic after considering additional load becomes
16015 * 1.095 = 17,536
Now Calculation of new DA (lil complicated)
Only DA till Nov 2011 is merged , ie balance DA till Nov 2012 = 16% (DA on 2012 Nov = 76.15)
After Nov 2012 to now the DA has become 96.15, the difference from Nov 2012 till now is 20%. But this 20% will become 20% * 0.10/ 0.15 ( Because the multiplication factor for DA calculation will go down to 0.10 instead of current 0.15 )
So after Nov 2012 DA = 13.33
So adding the DA from Nov 2011 to Nov 2012 and revised DA from Nov 2012 upto date gives the new DA
ie 16 % + 13.33% = 29.33 %
Therefore the new gross pay as per the offered settlement becomes 17536 (basic) * 1.29333 = 22,679
Calculating the net difference b4 and after settlement ..
22679 - 19615 = 3064
ie 15.62 % hike in gross pay
UFBU is trying to make this settlement another big joke like last time . Jagooo bhayyoo. We should express our displeasure on this issue. But at the same time we should not at all loose the unity within the umbrella organisation called UFBU , IBA and Govt are trying to use divide and rule policy and they are trying very hard to break this unity. Only thing is that some union leaders who are at the top level talking with the IBA are fixing teh whole thing.
union people is just making fool of us ....in which world they r living i don't understand... when every other industry is getting salary much more than bank staff without doing half of the work that we r doing
ReplyDeleteIf union leaders don't know what is the expectation of their team, what to negotiate and how to negotiate then then before going for any discussion with IBA they shd do their homework.Wage shd always be competitive across industry otherwise it will loose it's talent and charm.
ReplyDelete