National Grid - Joint Trade Union Pay Claim 2024 - 5 March 2024
Posted on:
NATIONAL GRID
JOINT TRADE UNION PAY CLAIM 2024
For members in National Grid Electricity Transmission, ESO, NGV, and Corporate only
Does not include National Gas Transmission and National Grid Electricity Distribution (NGED) members.
Dear Members,
GMB and the other joint unions submitted the following claim on 4th March 2024:
Background
National Grid PLC and its UK operations remains a highly profitable business with a very impressive financial performance including a significant increase in pre-tax profits in 2023.
Key measures that show this from National Grid PLC accounts -
- A 17.4% increase in turnover to £21.7bn.
- A 4.3% increase of pre-tax profit from £3.4bn to £3.6bn.
- An 3.8% increase in profit per employee from £117,472 to £121,902.
Inflation since our 2023 settlement has been consistently high, and while it has fallen, the last quarter has seen that decline tail off.
We note that regular pay grew by 6.6% in nominal terms in the last three months to November 2023 according to the ONS, and that pay growth has outpaced inflation for five consecutive months in the same period.
Our Claim
For 2024 we are seeking:-
- A consolidated above RPI inflation pay rise on salaries, pay scales and steps that reflects union members contribution to National Grids' highly successful business performance that improves year on year.
- We are seeking this award which we believe to be fair and affordable and sees members standard of living advance ahead of the cost of living and inflation, which remains stubbornly high.
- To secure a pay settlement the company must introduce pay progression measures where these do not already exist as part of any settlement for 2024 and agree meaningful steps to deliver an enduring solution that provides this.
- In addition to progression, that joint work is undertaken between the company and TU side through the NGSF to identity opportunities and governance for progression to enhanced and above the ‘rate for the job’ where members L1-8 have enhanced or advanced skills or competences.
- An improvement to the Defined Contribution pension scheme, specifically making allowances consistently pensionable consistently across DB and DC schemes, the introduction of pre-retirement leave for all members and improving employer DC contributions.
- Improvements to shift and standby allowances beyond the negotiated salary settlement to encourage employee attraction and retention of these critical roles.
- The re-introduction of employee private medical care.
- A joint Company and Trade Union benchmarking working group to review all market supplements and salary levels in different grades and roles under the NSGF jurisdiction with the authority to agree improvements outside of annual pay negotiations.
- An agreed way forward on the Ways of Working update with the clear shared understanding that this is a joint agreement and cannot be varied by either party without negotiation or agreement.
- An improvement to the basic annual leave entitlement by an additional day.
- Finally, with the imminent sale of the ESO, it is pivotal that these negotiations cover the ESO and that the company make every effort to ensure that these negotiations are concluded before the sale of the ESO.
First talks with company take place on 22nd March and we will keep you informed of developments.
If you are not yet a member of GMB Union and want a say on your pay, then you can join online at www.gmb.org.uk/join.
In Solidarity
Gary Carter
National Officer