Dear ABBOA members,
Refer to my conversation with CHRO today.
1) SALARY REVIEW
Human Resource presented the new salary structure to Board in November 2008. However, there are many issues raised by the Board and advised Human Resource to further review. From my understanding, Human Resource will represent the new salary structure in this coming month of January. Upon obtaining approval from the Board the Bank also will incorporate the new salary structure in their counter proposal and then we will continue our collective agreement negotiation.
However, before we proceed to negotiate on " Rates of pay " we need to conduct a survey on your new salary first to ensure that the salary is according to market rate.
2) BONUS
The Bank unable to accede to our request to pay bonus in this month to all Management staff in view that the Bank had granted advance one month salary to the Management staffs in October 2008.
Subsequently, we also feel that the fraud involved millions recently as some of you may aware also affecting our request for early bonus. Nevertheless, we were make known that our bonus will be pay earliest by January 2009.
I hope all ABBOA members be patient and give your full support. We will update you on the progress from time to time.
Thanks
The President
AZRI BIN MOHD ISA
