14 February 2018: LBG’s 2018 Pay Review – Accord members decide
The consultative ballot of Accord members on Lloyds Banking Group’s 2018 pay review closed at noon today (14 February 2018).
The independent ballot scrutineer, Electoral Reform Services, reported that 23.9% of eligible Accord members in LBG voted.
Of those, 84% answered ‘yes’ to the question: Do you support the union signing an agreement to implement the proposals?
Detail of LBG’s 2018 Pay Review can be found here.
Accord will now proceed to conclude an agreement with the Group to implement the proposals.
In addition to the pay awards, line managers will explain pay and Group Performance Share outcomes with colleagues between 1 and 15 March 2018. Pay increases will take effect from 1 April 2018.
Accord has listened to its members who voted against the proposals and is carrying out some further work on this.
Part of the agreement on the 2018 Pay Review is a commitment from LBG to undertake a joint review of Performance Management.
Accord’s general secretary, Ged Nichols, wrote to members on 29 January 2018 inviting them to give their views on what they’d like the union to achieve at the review.
Accord attended a meeting with the bank in London today to start work on the joint review. But it’s not too late for members to get involved. Feedback should be sent to email@example.com marked “PM Review”.