Help us improve our website by completing a quick survey. Start survey now

Upgrade your browser for the best CommBank website experiences. Click here.

Close

The Bank publishes the following detailed information on its remuneration packages for staff covered by its EBA.

30 June 2004

Our employment Package – the Big Picture

Your employment package covers more than base pay. It also includes: pay and reward; extra employee benefits; personal development; and work/life balance.

Pay and Reward
A competitive base salary – including an increase of 4% effective 1 July 2004; increase in base salary directly flows on to other salary related payments; Performance Related Pay (PRP) in addition to base salary; annual free share grant (ESAP) provides eligible staff with the opportunity to receive grants of up to $1000 of free shares (over 80% of staff now have shares; shares received by staff reinvesting dividends since 1996 would have an accumulated value of $14,744.24); competitive superannuation benefits.

Extra employee benefits
Access to a range of banking and financial services at special rates; lifestyle benefits – season travel pass loans, offers for discounts at hotels and travel.

Personal development
On the job training, internal and external courses, coaching and mentoring, study assistance; opportunities for career progression.

Work/life balance
Part-time and job-sharing opportunities; leave arrangements include 4 weeks annual leave, long service leave, carers’ leave, leave without pay (including career breaks); parental leave, including 12 weeks paid maternity leave; Rostered Days Off (RDOs) with an annual cash-out option of up to 6 days; NEW opportunity to purchase up to 4 weeks additional leave per annum; NEW flexible access to long service leave.