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Nationwide: 4.88% merit pot

Key details

  • Pay award: Merit increases from a 4.88% pot, ranging from 4.7% to 8%

  • Employees covered (nos.): all staff below senior management (16,500)

  • Effective date: 1 July 2007

All staff below senior management level at Nationwide have been awarded all-merit increases from a 4.88% pot, effective from 1 July 2007.

Nationwide's reward framework consists of three job families, each of which contains a number of levels.