No
Bonus
Payout
for
2011
Members
eligible
for
the
2011
Capita
Life
and
Pensions
bonus
scheme
have
now
received
a
communication
confirming
that
there
will
be
no
bonus
paid
out
in
2012.
This
applies
only
to
Managers
and
those
deemed
to
be
“Technical/Subjected
Matter
Experts”.
All
other
members
not
defined
as
above
have
received
a
2%
increase
to
their
pensionable
pay
in
Q4
2010
as
a
buy
out
of
future
bonus
payments.
Unite
share
members
disappointment
and
frustration
at
this
news
and
the
time
it
has
taken
for
Capita
to
confirm
their
position
to
those
involved.
Whilst
the
confirmation
that
Capita
Life
and
Pensions
might
be
failing
to
meet
its
business
plan
targets
will
come
as
no
great
surprise,
the
failing
is
largely
due
to
factors
outside
our
members
control
such
as
the
additional
investment
required
in
IT
and
infrastructure
projects.
The
workforce
has
delivered
on
increased
productivity,
faced
redundancy
programmes
and
seen
below
inflation
pay
awards
as
well
as
cuts
to
their
pension
provision.
Members
deserve
better
pay
and
reward
than
they
are
getting.
It
also has to be said that Capita have never given us sight of the
business plan figures, neither target or actual, so unfortunately
we’ll just have to take their word for it.
Bonus
Scheme
Details
for
2012
and
beyond
As
ever
Unite
are
driven
by
the
views
and
concerns
of
our
members.
Once
we
have
a
firm
proposal
from
Capita
on
any
new
arrangements
we
will
seek
feedback
from
our
impacted
members
and
take
your
views
forward
to
the
Company.
Given
that
it
will
be
February
2013
(at
the
earliest)
that
the
Bonus
scheme
will
pay
out,
this
should
allow
members
the
opportunity
to
be
fully
consulted.
In
the
meantime,
please
do
let
us
know,
by
return
to
this
email
or
to
your
Workplace
Rep,
any
views
or
comments
you
might
have.
Daryl
Williams
Finance
& Legal Sector
Unite
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