here is the salary increase planned for May 1st

The minimum salaries of banks will increase on May 1 by 1.9% on average, the French Association of Banks (AFB) announced on Tuesday, after an agreement reached with the trade union organizations representing the sector.

This agreement increases the 55 minimum salaries of the classification by 1.9%, with a floor of 600 euros gross annually, writes the AFB, member of the French Banking Federation (FBF) and which mainly represents non-mutualist banks (BNP Paribas, Socit General…). This revaluation should not, however, concern many people, these lower-scale classifications being almost no longer used: a little more than 2000 people among the 181900 employees of the AFBor 1.1% of the total.

According to the agreement, a first-level technician will receive a minimum of 22,937 euros annually, while an executive will receive a minimum of 31,351 euros, and 35,091 euros if he has 20 years or more of seniority. It also sets the minimum minimum salary for executives over 50 years old at 36,000 euros, adds the AFB in a press release.

The agreement has the effect of raising the first minimums of the grid 8.17% above the minimum wagewhich is more than the threshold of the minimum wage +5% set in the sector agreement of July 2022, specifies the professional organization.

Tense climate

Signed on April 25 by the AFB and the CFDT, the CGT and the SNB/CFE-CGC, which represent 79.1% of employees, it is a little less interesting for the employees concerned than that of 2023, a year of higher growth. inflation, the average increase is then 3%.

The last season of mandatory annual negotiations (NAO) in the banking sector, which was mainly held in the last quarter of 2023, took place in a tense climate between management and unions.

Banks are also faced with a crisis of attractiveness and are increasing recruitment campaigns. Some 48,900 people (+21% over one year) were recruited in 2022 by French banking establishments on permanent and fixed-term contracts, according to data shared last summer by the AFB. These hires, which represent one in seven employees in the banking sector, compensate for at least as many departures since the total workforce in the profession is still undergoing a slow decline, passing below the bar of 350,000 employees (-0.4% over one year 349,100 employees, -8% over ten years).

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