Common use of Industry Specific Skills Allowance Clause in Contracts

Industry Specific Skills Allowance. 51.1 PWC is in the process of a major investment improvement program and recognises that in order to deliver this program, it will require the services of employees with relevant industry specific skills. 51.2 To ensure that PWC has the ability to attract and retain employees with relevant industry specific skills to complete this program, and to recognise the importance of skills and knowledge transfer by tradespeople to apprentices and other less experienced Technical employees, an industry specific skills allowance will apply to employees within the Science and Engineering Professional, Technical Coordinator, Technical Specialist, Operator and Trade Technical classification streams at the rates specified in Schedule 2 and incorporates the following: (a) effective from 22 July 2021 a $1000 increase; (b) effective from 21 July 2022 a $1000 increase; (c) effective from 20 July 2023 a $1000 increase; and (d) effective from 18 July 2024 the following ISSA rates will be included into the annual salary rates: (i) $9 606 for Trade Assistants; (ii) $12 434 for Technical Specialists (TS), Senior TS, Technical Coordinators (TC), Senior TC, Operators (OP) and Senior OP, Trade Technicals; (iii) $11 760 for Band 2 Science and Engineering Professionals; (iv) $17 775 for Band 3 Science and Engineering Professionals; and (v) $19 000 for Band 4 Science and Engineering Professionals. 51.3 An existing PWC employee transferring from a Trade Assistant position to an apprenticeship will continue to be paid at the Trade Assistant rate. 51.4 Graduate Science and Engineering Professionals will become eligible for the Band 2 allowance on and from their completion of the graduate program. 51.5 For the avoidance of doubt, the allowance is not payable to Trainee Technical or Undergraduate employees. 51.6 Eligible casual and part-time employees will be paid the allowance on a pro rata basis. 51.7 The allowance will count as salary for all purposes.