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ULTRA HIGH NETWORK PAY REVIEW

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					    ULTRA HIGH NETWORK PAY REVIEW
In April 2007 Lloyds TSB promised UHNW staff that their roles and packages would be fully reviewed
against the current business, external markets and competitors with the aim to address pay differentials
and organisational designs now and not within the 2008 pay reviews.

After discussions and agreement with your union Unite, the recommendations of the review are:

Revised organisation design for UHNW business by creating 4 tiers of relationship managers.

1      Level 1 - Senior Relationship Manager (Investments)
2      Level 2 - Standard Relationship Manager (Investments)
3      Level 3 - Standard Relationship Manager (Banking)
4      Level 4 - Assistant Relationship Manager (Banking & Investment)

Revised Pay Zones
Revised pay zones have been introduced for the 4 tiers above and assistant populations. This will position
individuals salaries appropriately within the revised zones, based on individual performance.
Implementation of these changes will take place from 1st October 2007 with the normal annual pay review
taking place April 2008.
Staff that are not met or partially met will not have an award made as part of this review. However, Unite
has gained assurances from the bank that if their performance improves at year end the subsequent move
to the start of the relevant primary zone can be made with effect from 1st January 2008.

Role                                Start of Primary               Mid Point               Market Max +
RM1              Old                £55,250                        £65,000                 £78,000
                 New                £72,250                        £85,000                 £102,000
RM2              Old                £55,250                        £65,000                 £78,000
                 New                £63,750                        £75,000                 £90,000
RM3              Old                £39,149                        £46,058                 £55,270
                 New                £51,000                        £60,000                 £72,000
RM4              Old                £24,693                        £29,051                 £34,861
                 New                £29,750                        £35,000                 £42,000
Asst             Old                £19,035                        £21,150                 £25,380
                 New                £26,350                        £31,000                 £37,200

Next Steps
All UHNW staff should have received a brief from management advising of these changes and all
individual UHNW staff will have 1:1’s with their managers by the 10th October 2007 advising how these
changes will affect each individual.
If Unite members have further questions please contact the Unite Lloyds TSB help line on 08081 449595

Not a member?
Being part of a TUC affiliated independent trade union that has over two million members allows us the
opportunity to offer you an unbeatable discounted rate on your membership. Membership subscriptions
are £5.77 per month for full time staff and £3.17 for part time staff. In addition, you will receive the first
three months of your membership completely free. To join visit our website on www.unitetheunion.org.uk

Email Updates
If you would you like to get Amicus updates via email, please contact us on LTSB@unitetheunion.com

Dave Kennedy                                                                         October 2007
Regional Officer

				
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