Annual Salary Review 2013
Pharmacists & Branch Managers
We are pleased to confirm that The Co-operative Pharmacy and NACO have now concluded 2013 annual pay negotiations for our Pharmacy and Non Pharmacy Branch Manager, Pharmacist, and Relief Manager populations.
As the only recognised trade union for managers at The Co-operative Pharmacy, collective negotiation of pay, terms and conditions is only ever entered into exclusively with NACO.
As a result of discussions with the business, it has been agreed that a 2.5% salary increase will be awarded. This will be reflected in the pay run on 5 September and all increases will be back dated to 2nd June 2013.
All Pharmacy and Non Pharmacy Branch Managers, Pharmacists, and Relief Managers who commenced employment before 1 January 2013, will be eligible for the increase with the exception of any managers who have been issued with a formal warning under the Disciplinary policy. Managers who have a disciplinary warning which was in force on 2 June 2013 have been excluded from the 2013 annual review and therefore will not receive any increase to salary.
Acknowledging the difficult market conditions we are currently operating in, we firmly believe that that an overall increase of 2.5% is very competitive.
Neil Buist, NACO General Secretary, commented:
“In 2013 NACO has reached agreement for 2.5% salary increases for managers in the wider Co-operative Group, and in societies across the movement.
With 2013 pay awards of 2% and lower across the pharmacy profession, NACO is confident that the 2.5% award negotiated on behalf of colleagues at The Co-operative Pharmacy is the very best result we could have achieved.”
Pay for 2014 and beyond
Looking ahead to 2014 and beyond, NACO will consult with the business on changes to the reward package - the business wants to create a stronger link between individual performance and salary increases in the future.
Your opinion matters
The annual salary review is an important part of reward and any changes must be in consultation with NACO members. To collect your views, NACO has created a short web survey (linked below) - please use this facility to report your opinion on an appropriate mechanism for rewarding high performance, and a better reward for managers based on their individual performance and contribution.
If you have questions about this pay and reward, or any other workplace issue, contact the NACO National Office to speak with a NACO Official.