CBA HR chief Melanie Laing has suffered a 52% pay cut following a decision by the company's board to cut to zero the short-term incentive payments for group executives, while a superannuation review has revealed about $16.7 million in underpayments to 36,000 current and former bank employees.
Australia's major banks say they will overhaul retail employees' pay structures to reduce the importance of incentives, commissions and variable rewards.
Washery employees at two of Peabody Energy's Bowen Basin coal mines will experience a "small but significant reduction in their overall remuneration" after an FWC full bench upheld the mining giant's application to terminate its agreement.
The FSU says the banking sector's days of tying employees' pay to sales is "coming to an end", as it presents a newly-endorsed claim to the National Australia Bank and the Australian Bankers' Association reviews sales incentives.
The FWC has ordered abattoir operator Teys Australia to backpay thousands of dollars to meatworkers for incentive scheme underpayments during a long period of "confusion" and "uncertainty" about the operation of its enterprise agreement and an associated incentive payment system.
Former Fair Work Commission Vice-President Michael Lawler's conduct on the ABC's Four Corners program was "far below" what the public was entitled to expect from somebody in his position, according to the silk who investigated his conduct.
Making a project manager redundant after granting his request to be transferred to a less secure position did not constitute adverse action as the new role was better for his mental health and the employer's decision was based on his competence, qualifications, tenure and a business downturn, a court has found.
Up to 10,000 Telstra employees who were previously ineligible to vote are about to have their say on an enterprise agreement offer that includes, as well as guaranteed rises, a 3% annual increase to be placed into a "pay pool" and distributed by managers according to individual performance.
A CommSec customer service officer placed on performance plans and counselled for breaching the company's "clean desk" policy has failed to convince the FWC he was bullied by his employer and two supervisors.
Workers on the Gorgon LNG project will begin voting on Wednesday on whether to take industrial action to push head contractor CB&I to offer shorter roster cycles, at the same time as parliamentary inquiries in WA and Queensland have weighed-up whether new regulations are needed for non-residential workforces.
