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Climate Change and insurance workersDate: 05 March 2008
Last week IAG and Suncorp - Australia's two largest general insurance companies -blamed lower than expected annual profits on extreme weather events. FSU wants to make sure insurance workers and their families are not worse off due to climate change.
Dangers with profit-sharingClimate change has highlighted the pitfalls of pay systems that put too much emphasis on company performance in an environment where there are external factors outside workers' control.For some workers, bonuses linked to company performance represent up to 30% of their total remuneration package. Adequate staffing neededIt is important that enough staff are available to cope with extreme weather events.Pay and training for casual or temporary workers should be on par with their full time colleagues. Workloads need to be monitored so that work & life balance remains possible.
Tell us your storiesIf you're already feeling the impact of climate change at work, email the FSU at sally.wright@fsunion.org.au with details so FSU can raise issues of common concern with your managers.
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