Friday, January 31, 2014

Pay slip cost -2

I have posted a staus on January 18, about pay slip cost and IBA’s offer of 9.5% as per my understanding.

Also, I had informed that comrades can give more inputs and correct me if it is wrong, and assured to get back the staus if my understanding is proved wrong.

Now, one comrade send me an e-mail giving a different angle for the offer of  9.5%

First read the argument and my comments at the end:
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A SIMPLE ARITHAMATICS PLEASE
You say that 5% is about 9%
and that 9.5% is somewhat near 17.5%

But a simple arithamatics:

Wagebill as on 31.3.2012 according to IBA is 56292 cr.
Pay slip component is Rs 31503 cr.

If last Bipartite increase is only allowable,
(That IF is a big IF, as productivity, profitability, No of branches all has shown high increase and no of employees gone drastically down)

Let us see how much we should get:   56292 X17.5/100 =9851 cr.

Remember last BPS wage load distribution?
Pay slip component          10.98
Superannuation                  6.42
Others                                0.10

Just to maintain last BPS ratio we should get= 56292X10.98/100 =6180 cr

If this 6180 cr is made % of  payslip component?      6180X100/31503 =19.62%

What bankers offer is 9.5 %

If increase in work load,productivity and increase in pay in other comparable sections are taken care, this 19.62 % should be increased to 30-35 %.
That was the logic behind the charter submitted by all unions.

ANOTHER MAIN POINT.

What about NPS?
Charter claims uniform pension scheme for all, to scrap the NPS.
THAT HAS TO BE ACHIEVED TO GET OUT OF THE WRONG DEEDS OF THE PAST.
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My comments:

1. The figures Total Expenditure Rs. 56292 cr., Pay slip component Expenditure out of this is Rs. 31503 cr. And allocation of % to pay slip components in the earlier settlements not made known to employees.

2. I thought 9.5% is on total wage bill 56292cr and it will be allocated for pay slip components only. Based on this assumption I stated that 9.5 % will match 16.14

3. My comrade who sends this mail argues that 9.5% is on 31503 only. Hence it is no way near the % (19.62%) of what was achieved last time.

4. It is therefore explicit that even if we achieve 19.62%
   it is only equal to last time %
   We have to go towards 30% considering other aspects.

Now UFBU should come forward to clear the doubts hovering in the minds of all employees whether pay slip component % offered by IBA is on
56292 cr. Or 31503 cr.

If it is on 31503cr. We have to go a long way.

One point I want emphasise here to our comrades is
Don't go with roumers .Some comrades said yesterday itself 13.50% will be finalised. Was it happened?. Once you decided to see UFBU with a suspicion then everthing will seems to be drama. IBA and Govt., will be happy if employees are divided and go against Unions. Ultimate goal of  IBA/Govt, is Union free atmosphere like foriegn companies functoining in India without unions/without respecting labour acts.”








10 comments:

Anonymous said...

BANK EMPLOYEES AND OFFICERS DOUBT THE INTEGRITY OF THE UFBU BECAUSE OF THE NON TRANSPARENT MANNER IN WHICH WAGE NEGOTIATIONS ARE CONDUCTED.

I AM 100% SURE UFBU LEADERS THEMSELVES DON'T KNOW WHAT CONSTITUTES PAYSLIP COMPONENTS AND WHAT WILL BE THE ACTUAL % INCREASE.

YOU MAY BE A GREAT FAN OF UFBU BUT WE ARE AFRAID THE WAY THE UFBU IS FUNCTIONING THE DAY IS NOT FAR WHEN THIS UFBU WILL BE THROWN OUT IN THE ROAD BY THE BANK EMPLOYEE & OFFICERS

Anonymous said...

SIR, COMRADE WHO POSTED THE MAIL URGED NOT TO SEE UFBU WITH SUSPICION. EVERY ONE IN INDUSTRY KNOWS WHAT IS JUSTIFIED MINIMUM INCREASE. WHY NOT UFBU STICK TO THAT % OF INCREASE INSTEAD OF BARGAINING TIME AND AGAIN. EVERY ONE IN UFBU UNANANIMOUSLY DECIDE TO GO ON INDEFINITE STRIKE. THE SEQUENCE OF EVENTS IN PAST MONTHS WILL DEFINITELY CREATE SUSPICION IN ANY ONE'S MIND. EVERY ONE IS READY TO FIGHT FOR THEIR RIGHTS.

Anonymous said...

By seeing comments of many worried comrades, it is easily understood that all ready to fight. It is only
UFBU leaders are failing in sorting out their internal differences to come to a right decision i.e indefinite strike. Put your legitimate demands and stick to them.

Anonymous said...

indefinite strike is only solution to bend head of bloody IBA, Govt and UFBU.
this should be continue till they accept minimum 30% hike.

KANAGARAJ JAGANATHAN said...

It is understood that one of the congress affiliated union has given a press statement that they are not participating in the proposed Strike on 10th and 11th Feb 2014. I feel that the UFBU has started crumbling against the IBA & Govt.

Anonymous said...

IF IBA AGREED FOR 5DAY BANKING ALLBANK EMLPOYEE WILL FEEL RELAXED AFTER GETTING 15% IN PAYSLIP COST

Mahen H said...

Can anyone gv me idea abt 5 days banking

Mahen H said...

Either 30 % increase or 15% with saturday closed

SHAKTHISHWARAN SHIVAKUMAR said...

Dear Mahen anything below 30% is a loss for us

Anonymous said...

10% offer by IBA is only on Pay Slip Component (i.e.31503 Cr. Only). Unions have already stated the amount which was offers by IBA & that is 3150Cr.

Don't go on % just refer the amount which IBA is offering, Because this time IBA cleverly offering % on "Pay Slip Component" to fool UFBU & Bankers.

Why UFBU don't insist to IBA for offer on Total Wage Bill as earlier BPS.

For this BPS Total Wage Bill is 56292 cr. declared by IBA in first/second meeting. And now they are offering 3150cr. which is only 5.6% in comparison to 17.5% in achieved on Total Wage Bill in last BPS.

The dirty tactics which are being used by IBA by introducing new phrase like "Pay Slip Component" in this negotiation, to reduce the amount and to confuse the common Bankers by indicating %.

UFBU also didn't clarify to its members that which 10% IBA is offering is actually only a 5.6% increase comparatively last BPS.

I think after all hues & Cries this BPS is also going to be even worst for Bankers. Good Luck.