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New Banking Collective Bargaining Agreement (CBA)

New Banking Collective Bargaining Agreement (CBA)

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Roxane Filippa

Partner

KPMG in Luxembourg

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CBA 2018

The People and Change team supported the Luxembourg Bankers’ Association (ABBL) in defining the new classification and remuneration model of the CBA.

Each bank will have to perform a job grading exercise in order to position their functions in the 4 new groups, before the effective date, 1 January 2020.

KPMG has developed a four step approach to ensure a smooth deployment:

  • Review /adapt job descriptions
  • Perform job grading
  • Monitor communication
  • Adapt remuneration

KPMG supports clients by proposing customised services and offering a fully adaptable package.
A dedicated team of experts with in-depth knowledge of the new CBA methodology will support banking institutions in this journey.

© 2020 KPMG Luxembourg, Société coopérative, a Luxembourg entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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