NAB recognises key unions as stakeholders, and respects the rights of employees to decide whether to join a union and the right of employees to engage in collective bargaining.

NAB’s constructive approach to workplace relations is demonstrated by our open engagement and our employees and the FSU during the enterprise bargaining process.

Our people are able to join and be represented by a union without suffering from any form of discrimination or prejudice. We comply with all relevant freedom of association legislation, regulatory requirements and ILO Conventions 87 and 98.

In the three largest regions in which we operate, our people are represented by the following unions:

  • Australia – Finance Sector Union;
  • New Zealand – First Union; and
  • United Kingdom – Unite.

Our Global Unions Engagement Agreement recognises the three unions as key stakeholders in our business and the unions’ right to collective bargaining and freedom of association within NAB.

Our enterprise agreement

Our enterprise agreement – effective from July 2014 – was endorsed by a high percentage of employees. It provides consistent terms and conditions of employment for all our people. Specifically it provides wage certainty for Group 1 and 2 employees and new remuneration processes for Group 3 (extending to level 4) as part of the new seven-level classification structure, implemented in 2015.

We have maintained our market and performance-based approach to remuneration. The extension of flexible part-time employment across the organisation and more flexibility in rostered days off management offers greater flexibility and productivity for business operations.

NAB’s enterprise agreement seven-level classification structure includes financial planners. The new remuneration initiatives for financial planners have already attracted some very positive media coverage.

Initiatives such as our unique Domestic Violence Support policy and pay equity will enhance our reputation in the wider community and position us as an employer of choice.

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