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Monday, September 18, 2017

When will 11th Bipartite Settlement take place?

Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA.  11th bipartite settlement is due from 1st November 2017. Government of Indian has already written a letter followed by a reminder to complete the negotiation process to meet the timelines of 11th bipartite settlement date which is 1st November 2017. After the followup from Government, UFBU has submitted the Charter of Demand for 11th bipartite settlement.
But after that, there is no significant development and there seems no chances of bankers would get their salaries increased on time.
If you look into past trend, it clearly shows that salary revision of bank employees in India are always delayed and salary revision never happen on schedule time. We have complied the data about how much the previous bank wage revisions were delayed. Keeping in mind the past trend, you can guess the actual 11th bipartite settlement date.

During the 10th Bipartite Settlement, there were 20 rounds of negotiations with IBA before final settlement. For next wage revision (11th bipartite settlement), which is due on 01.11.2012, negotiations are yet to start, if it follows the past trend, you can understand, what time it is going to take and when it is going to be implemented

What are your expectations? Give your views in commend box below.

        Due DateActual DateDelay
1st Bipartite settlement1.01.196619.10.19669 months
2nd Bipartite settlement1.01.197012.10.19709 months
3rd Bipartite settlement1.09.19781.08.197911 months
4th Bipartite settlement1.09.198217.09.198424 months
5th Bipartite settlement1.07.198710.04.198921 months
6th Bipartite settlement1.11.199214.02.199528 months
7th Bipartite settlement1.11.199727.03.200029 months
8th Bipartite settlement1.11.200202.06.200532 months
9th Bipartite settlement1.11.200727.04.201030 months
10th Bipartite settlement1.11.201225.05.201530 months

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