ROYAL MAIL: FINANCE SERVICES & HR SERVICES – ANNUAL BONUS SCHEMES 2018/19 – DISCRETIONARY PAYMENT

ROYAL MAIL: FINANCE SERVICES & HR SERVICES – ANNUAL BONUS SCHEMES 2018/19 – DISCRETIONARY PAYMENT

Branches may be aware that the corporate scorecard targets for Royal Mail Group were not reached for the financial year ending 31st March 2019. Unfortunately this position has a negative impact as it affects bonus payments for both CWU and management grades. 

Despite not achieving the targets, Royal Mail has however decided to award a discretionary payment of 30% of the maximum bonus potentially achievable for CWU grades in both Finance Services, which amounts to £300 and HR Services (£225). This payment, which is pro-rata for part-timers, will be made with July salaries.

Whilst it is clearly disappointing that the scorecard measures were not achieved across the Group, we are pleased that Royal Mail is recognising the hard work and commitment demonstrated by our members by making this discretionary payment.

The following Joint Statements have been agreed for Finance & HR Services:

Annual Bonus Scheme – Finance Services

Unfortunately the Royal Mail Group Corporate scorecard targets for the 2018/19 financial year have not been met, which means that ordinarily bonus payments for FSA Grades in Finance Services would not be made.

However we are pleased to advise that Royal Mail has made a positive decision to award a “discretionary” payment of c30% of the bonus potential which is £300 (pro-rata for part-timers) for CWU represented grades in Finance Services. This payment, which has just been authorised, will now be made with July salaries.

Both parties are naturally disappointed that Royal Mail was unable to meet the overall performance target; however in these circumstances the CWU is pleased that Royal Mail has endeavoured to tangibly recognise the efforts and commitments of our FSA grades via the £300 discretionary payment which, whilst less than previous years, is welcomed.

The last year has been challenging and this discretionary payment is in recognition of the contribution you have made throughout the year.

We are confident that with your continued hard work and commitment we can deliver improved business results for 2019/20 and you will be able to share in that success.

Susannah Taylor                               Andy Furey

Group Financial Controller            Assistant Secretary

Royal Mail                                          CWU

Annual Bonus Scheme – HR Services

Unfortunately the Royal Mail Group Corporate scorecard targets for the 2018/19 financial year have not been met, which means that ordinarily bonus payments for CSA Grades in HR Services would not be made.

However we are pleased to advise that Royal Mail has made a positive decision to award a “discretionary” payment of c30% of the bonus potential which is £225 (pro-rata for part-timers) for CWU represented grades in HR Services. This payment, which has just been authorised, will now be made with July salaries.

Both parties are naturally disappointed that Royal Mail was unable to meet the overall performance target; however in these circumstances the CWU is pleased that Royal Mail has endeavoured to tangibly recognise the efforts and commitments of our CSA grades via the £225 discretionary payment which, whilst less than previous years, is welcomed.

The last year has been challenging and this discretionary payment is in recognition of the contribution you have made throughout the year.

We are confident that with your continued hard work and commitment we can deliver improved business results for 2019/20 and you will be able to share in that success.

Simon Haben                                                  Andy Furey

HR Director Strategy and Services           Assistant Secretary

Royal Mail                                                       CWU

Branches are urged to bring the above Joint Statements to the attention of our members working in both Finance Services and HR Services.

If you have any questions in relation to this LTB, please contact Lea Sheridan – lsheridan@cwu.org.

Yours sincerely

Andy Furey

Assistant Secretary

19LTB343 – Royal Mail – Finance Services & HR Services – Annual Bonus Schemes 2018-19 – Discretionary Payment

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