NACO has been in discussion with the Pharmacy business over previous months regarding the 2014 Annual Salary Review.
2014 Annual Salary Review
Negotiations to progress improvements in salary during 2014 were very difficult. Given the Co-operative Group's performance it was expected that no salary increase would be available in any part of the Group. Budgetary information stating this was shared with Bestway during the sale process and ultimately formed a premise for the agreed sale price.
It should be noted that the business has recognised the need to address the issue of lower paid colleagues in branches as they are now falling below the market rates, in turn impacting on colleague turnover and the business's ability to attract the right people into branches. Any budget surplus from 2014 will be directed to these colleagues.
2015 Annual Salary Review
Due to ongoing challenges relating to NHS funding the profitability of Pharmacy will remain under significant pressure this year. Despite this, through discussions with the business NACO has secured a fixed budget to allow a 2015 Annual Salary Review (ASR) to be awarded in April of this year.
For 2015 the Pharmacy business has sought to link individual performance and salary increases for branch management, professional roles and role banded colleagues. In the spirit of rewarding high performance and individual contribution, we have therefore agreed the following principles and framework for the award of salary increases in 2015.
- Individual performance will be assessed for year January 2014 to December 2014 which will inform the ASR for individuals to be awarded effective in April 2015.
- Calibration exercises will be undertaken by line management to ensure fairness and consistency of performance ratings within and between functions.
- Individual performance will be measured against agreed objectives and result in an overall rating of Unacceptable, Partially Achieving, Achieving, Exceeding, or Outstanding.
- Managers and colleagues whose current basic salary is within the agreed salary range for their role, will receive an increase based on their performance rating in line with the table below
|Outstanding or Exceeding||An increase of 2.75% of basic pay|
|Achieving||An increase of 1.25% of basic pay|
|Partially Achieving or Unacceptable||No increase|
- Managers who are already paid above the band maximum for their role will not receive an increase to their basic salary, but will receive a one off non-consolidated payment based on their performance rating in line with the table below. This is to recognise the hard work and contribution of our top performing managers.
|Outstanding or Exceeding||A single one-off payment equivalent to 2.75% of basic pay|
|Achieving, Partially Achieving or Unacceptable||No payment|
All managers who started employment with the Co-operative Pharmacy before 1 January 2015 will be eligible for the increase or payment, with the exception of any managers who have already had a salary adjustment between 1 January and 1 April 2015. Managers who have a disciplinary warning which is in force on 1 April 2015 will also be excluded from the 2015 annual review and therefore will not receive any increase to salary or one off payment.
All increases to salary will be effective from 1 April 2015 and all changes reflected in the April payroll.
If you have questions about this year's pay review, please speak to your manager orcontact the NACO National Office to speak with a NACO Official.
2016 Annual Salary Review
As your recognised trade union, NACO is committed to working with the Co-operative Pharmacy to seek the best possible settlements on pay and terms and conditions.
With best regards,
NACO General Secretary
If you would like to speak with a NACO Official on any issue, please contact the NACO National Office.