Pay 2024/25 pay ballot analysis - the main headlines
We’ve carried out some further analysis on how members voted in our ballot on LBG’s pay offer for 2024 and 2025
The main headlines are:
- A majority of members who voted in every grade were in favour of the deal
- This pattern of support was the same whether members work full-time or part-time
- The responses were positive irrespective of age and length of service
Of those who voted ‘No’, the most common concerns related to inflation and the cost of living and unhappiness at a two-year deal.
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The pay proposals apply to around 67,000 employees throughout Lloyds Banking Group; in virtually every role in every business area in the Group. This broad approach couldn’t pick up the pay concerns of individuals or issues in specific businesses (such as, but by no means limited to, branch roles). But we have been listening to members about their detailed concerns and we’ll be working hard to find ways of addressing them after the pay agreement has been signed. We acknowledge that some of the issues have been outstanding for a long time.
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