THIS IS ONLY OPINION OF SOME COMRADES BUT MAY NOT B FACT ALSO, Any how v can go tru - Are UFBU and Bankers Happy With This Announcement : IBAs above circular says On being satisfied with the further improvement in offer in wage hike by IBA, the UFBU has decided to defer the strike scheduled on 20th & 21st January, 2014. Thus UFBU is satisfied with the offer of 9.5%. However, as per reported dated 16th Januayr, 2014, published in Business Line, Mr Murali said: “We are asking for a 30 per cent increase in the gross pay received by bank employees and officers. As per report dated 17th January 2014 appearing in Business Line, C. H. Venkatachalam, General-Secretary, All-India Bank Employees’ Association has told “We are satisfied with the outcome. IBA has agreed to complete the whole process of negotiations by June 2014. Therefore, all the programmes such as rallies, demonstrations, protests and strike till January 27 has been deferred,” Thus, we can conclude the UFBU is more or less satisfied with the increase of 9.5% on Pay Slip components. However, they will certainly press for minor increases here and there, and IBA may agree too for such minor adjustments / hikes. (iii) What is meaning of 9.5% Incrase on PaySlip component ? This is still a mystery as nobody is sure whether IBA has clarified this in writing to UFBU. I think UFBU should have issued the details today itself to clear the doubts. But they seems to have kept quite and it has led to lot of rumors and different calculations. With now clarity on DA merger and hike percentage, UFBU leaders can easily calculate the rough increase in the net take home salaries at least the beginning of each scale. As I was going through various reports, I found it interesting when I came across the report dated 16th January, 2014, of Business Line wherein Mr Murali had rued The IBA, which represents the managements of nationalised, private and foreign banks in the country, had offered only a 5 per cent rise in the ‘payslip component’ of salary. Actually, this will mean about 3 per cent of the gross pay.” This will mean that 9.5% increase will result in about 6% increase of the gross pay? With such a confusion, nobody is ready to commit as to what does 9.5% means? Thus, in this age of internet, bankers are still groping as to what is the meaning of PaySlip increase and UFBU leaders are enjoying their silence. I hope soon UFBU and others will come out with clarifications on the points raised so that bankers do not feel cheated from all sides.
Posted on: Sun, 19 Jan 2014 04:36:08 +0000
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