bankmecu seeks to remunerate staff fairly and competitively according to industry standards, to provide benefits that help employees meet their needs and for them to achieve a good work/life balance.
The minimum wage as at 30 June 2011 in the Banking Finance and Insurance Award was $34,507 p.a. bankmecu’s lowest entry level wage is $38,739 p.a. regardless of an employee’s employment category, gender or region of employment.
bankmecu recognises there are remuneration differences between genders at some employment levels and this is due to the nature of the role performed, experience and length of service.
Salaries are determined using a range of external benchmarks, including the Australasian Mutuals Institute Salary Survey, and are reviewed annually to ensure that they are competitive with industry standards. The remuneration structure is also published internally on the intranet.
bankmecu will continue to analyse salary data to ensure staff are remunerated fairly and competitively according to industry standards, to provide benefits that help employees meet their needs and for them to achieve a good work/life balance.
Figure 6o: 2010/11 Male & Female average salaries and remuneration by region per employment category
|
CONTRACTORS
|
|
Region
|
Male
|
Female
|
Total
|
Male %
|
Female %
|
Male Average Salary ($)
|
Male Average Remuneration ($)
|
Female Average Salary ($)
|
Female Average Remuneration ($)
|
|
Melbourne Metro
|
0
|
4
|
4
|
0
|
57%
|
-
|
-
|
-
|
-
|
|
Western Vic
|
0
|
2
|
2
|
0
|
29%
|
-
|
-
|
-
|
-
|
|
Gippsland
|
0
|
1
|
1
|
0
|
14%
|
-
|
-
|
-
|
-
|
|
Interstate
|
0
|
0
|
0
|
0
|
0%
|
-
|
-
|
-
|
-
|
|
Total / Average
|
0
|
7
|
7
|
0
|
100%
|
-
|
-
|
-
|
-
|
|
|
|
MEMBER SERVICE CONSULTANTS
|
|
Region
|
Male
|
Female
|
Total
|
Male %
|
Female %
|
Male Average Salary ($)
|
Male Average Remuneration ($)
|
Female Average Salary ($)
|
Female Average Remuneration ($)
|
|
Melbourne Metro
|
11
|
46
|
57
|
19%
|
81%
|
54,914.64
|
60,955.25
|
49,166.02
|
54,574.28
|
|
Western Vic
|
6
|
39
|
45
|
13%
|
87%
|
44,445.00
|
49,333.95
|
46,023.46
|
51,086.04
|
|
Gippsland
|
10
|
70
|
80
|
13%
|
88%
|
43,758.00
|
48,459.29
|
49,216.34
|
54,546.21
|
|
Interstate
|
3
|
17
|
20
|
15%
|
85%
|
45,496.33
|
50,500.93
|
48,940.76
|
54,324.25
|
|
Total / Average
|
30
|
172
|
202
|
15%
|
85%
|
47,153.49
|
52,312.35
|
48,336.65
|
53,632.70
|
|
|
|
SUPERVISORS
|
|
Region
|
Male
|
Female
|
Total
|
Male %
|
Female %
|
Male Average Salary ($)
|
Male Average Remuneration ($)
|
Female Average Salary ($)
|
Female Average Remuneration ($)
|
|
Melbourne Metro
|
4
|
7
|
11
|
36%
|
64%
|
60,586.50
|
67,251.02
|
62,870.86
|
69,786.65
|
|
Western Vic
|
4
|
8
|
12
|
33%
|
67%
|
69,708.00
|
77,375.88
|
59,235.13
|
65,750.99
|
|
Gippsland
|
5
|
4
|
9
|
56%
|
44%
|
67,928.60
|
75,400.75
|
62,726.00
|
69,625.86
|
|
Interstate
|
1
|
9
|
10
|
10%
|
90%
|
59,010.00
|
65,501.10
|
61,011.89
|
67,723.20
|
|
Total / Average
|
14
|
28
|
42
|
33%
|
67%
|
64,308.28
|
71,382.19
|
61,460.97
|
68,221.67
|
|
|
|
TECHNICAL
|
|
Region
|
Male
|
Female
|
Total
|
Male %
|
Female %
|
Male Average Salary ($)
|
Male Average Remuneration ($)
|
Female Average Salary ($)
|
Female Average Remuneration ($)
|
|
Melbourne Metro
|
11
|
14
|
25
|
44%
|
56%
|
73,096.36
|
81,136.96
|
77,443.00
|
85,866.94
|
|
Western Vic
|
4
|
2
|
6
|
67%
|
33%
|
82,932.75
|
92,055.35
|
60,135.00
|
66,749.85
|
|
Gippsland
|
2
|
1
|
3
|
67%
|
33%
|
72,748.50
|
80,750.84
|
59,010.00
|
65,501.10
|
|
Interstate
|
3
|
2
|
5
|
60%
|
40%
|
66,367.00
|
73,667.37
|
86,487.00
|
96,000.57
|
|
Total / Average
|
20
|
19
|
39
|
51%
|
49%
|
73,786.15
|
81,902.63
|
70,768.75
|
78,529.61
|
|
|
|
MANAGEMENT
|
|
Region
|
Male
|
Female
|
Total
|
Male %
|
Female %
|
Male Average Salary ($)
|
Male Average Remuneration ($)
|
Female Average Salary ($)
|
Female Average Remuneration ($)
|
|
Melbourne Metro
|
10
|
7
|
17
|
59%
|
41%
|
134,054.60
|
148,800.61
|
100,837.14
|
111,929.23
|
|
Western Vic
|
7
|
6
|
13
|
54%
|
46%
|
80,970.00
|
89,876.70
|
75,802.67
|
84,140.96
|
|
Gippsland
|
3
|
3
|
6
|
50%
|
50%
|
88,589.33
|
98,334.16
|
94,294.67
|
104,667.08
|
|
Interstate
|
6
|
5
|
11
|
55%
|
45%
|
88,964.50
|
98,750.60
|
78,469.00
|
87,100.59
|
|
Total / Average
|
26
|
21
|
47
|
55%
|
45%
|
98,144.61
|
108,940.52
|
87,350.87
|
96,959.46
|
|
|
|
EXECUTIVE
|
|
Region
|
Male
|
Female
|
Total
|
Male %
|
Female %
|
Male Average Salary ($)
|
Male Average Remuneration ($)
|
Female Average Salary ($)
|
Female Average Remuneration ($)
|
|
MelbourneMetro
|
5
|
0
|
5
|
100%
|
0%
|
402,551.40
|
446,832.05
|
-
|
-
|
|
Western Vic
|
0
|
0
|
0
|
0%
|
0%
|
-
|
-
|
-
|
-
|
|
Gippsland
|
0
|
0
|
0
|
0%
|
0%
|
-
|
-
|
-
|
-
|
|
Interstate
|
0
|
0
|
0
|
0%
|
0%
|
-
|
-
|
-
|
-
|
|
Total / Average
|
5
|
0
|
5
|
100%
|
0%
|
402,551.40
|
446,832.05
|
-
|
-
|
All staff are eligible for a salary increase following their annual review, dependent on performance and budget constraints. In 2010/11 employees received an average remuneration increase of 11%.
Customer Service Consultants are also eligible for a bonus, which is determined through the annual performance review system. In 2010/11, 93% (2009/10: 93%) of bankmecu Customer Service Consultants received a bonus equal to or greater than $455 (gross, pro-rata).
Other benefits for staff include:
- salary packaging
- examination leave
- leave for blood donors, and emergency service
- gifts for significant milestones (10, 20 or 30 years of service, weddings and 21st birthdays)
- gymnasium subsidies
- flu vaccinations
- quit smoking assistance
- annual public transport ticket loan assistance
- bicycle purchase loan assistance; and
- study assistance.
Differences in benefits provided to full-time and casual staff
A number of Human Resources policies only apply to permanent full and part-time employees. The following policies exclude fixed term contract and casual employees:
- redundancy and retrenchment
- study assistance; and
- wellness.