The Commonwealth Bank Group Enterprise Agreement 2016 is a comprehensive agreement that governs the employment conditions of employees within the Commonwealth Bank Group. The agreement was developed through extensive negotiations between the bank and its employees and was approved by the Fair Work Commission in 2016.
The agreement covers a wide range of employment conditions, including wages, hours of work, leave entitlements, superannuation, and employee benefits. Some of the key features of the agreement include:
1. Wages – The agreement sets out the minimum and maximum rates of pay for various levels of employees within the bank. It also includes provisions for salary increases and bonuses.
2. Hours of work – The agreement outlines the standard working hours for employees and sets out provisions for flexible working arrangements such as part-time work, job sharing, and working from home.
3. Leave entitlements – The agreement provides for a range of leave entitlements, including annual leave, personal leave, parental leave, and long service leave. It also includes provisions for special leave such as cultural leave and domestic violence leave.
4. Superannuation – The agreement sets out the bank`s contribution to employees` superannuation funds and includes provisions for additional contributions for employees on parental leave or facing financial hardship.
5. Employee benefits – The agreement includes a range of employee benefits such as health insurance, discounts on banking products, and access to employee assistance programs.
Overall, the Commonwealth Bank Group Enterprise Agreement 2016 provides a fair and comprehensive framework for the employment conditions of Commonwealth Bank Group employees. By setting out clear and transparent policies for wages, hours of work, leave entitlements, superannuation, and employee benefits, the agreement helps to ensure a positive and productive work environment for all employees.