Commonwealth Bank of Australia
(ASX:CBA) staff have been offered a 3.75 per cent pay increase, according to media reports.
The proposed raise was offered during talks over a new enterprise agreement and would exceed the maximum pay raise offered last year of 3.5 per cent.
But under the offer, only staff deemed valued contributors would receive the full raise, while those judged to be in need of development would be given a two per cent rise and those considered unsatisfactory offered no raise.
Unions have reportedly focused on the bank's tellers, arguing they are the lowest-paid among the four largest banks.
But CBA has refuted the FSU's claims, arguing that most teller make more than the minimum and are offered performance bonuses.
CBA generated a record net profit of $3.6 billion in the first half of the 2013 financial year.
