Union secures 6.5 % salary increase for GPL staff

first_imgAfter about six months, negotiations between the National Association of Agricultural, Commercial and Industrial Employees (NAACIE) and management of the Guyana Power and Light (GPL) concluded on Friday with the parties signing off on salary increases for the power company’s staff who come under the purview of the union.The salary increase will be retroactive to January 1, 2017. General Secretary of NAACIE, Dawchan Nagasar told the Department of Public Information (DPI) thatChief Labour Officer, Charles Ogle hands over agreement to General Secretary of NAACIE, Dawchan Nagasarapart from increases on the actual salaries, there are a number of other incentives that will boost staffers’ finances paid.“The company and the union has agreed to a 3 percent in scale increments and a 3.5 percent across the board which total 6.5… (There are also increases in) meal allowances, commuters’ allowance for meter readers, night shift premiums and other incentives for persons climbing poles, towers … Also increases and over-time for those working the sick shift and also an agreement for annual performance incentive”, the General Secretary is quoted by the Department of Public Information as saying.It was disclosed that another cycle of negotiations will commence soon. Chief Labour Officer of the Social Protection Ministry, Charles Ogle said, “Don’t let us sign one-year agreements because as you are signing here now, it’s time to start the negotiations. We should look at two years or probably three years. Most people have been going that way, even five years is considered.”He added that salary negotiations for the GPL staff should begin “the latest, in the second quarter.” Further, it has been noted that throughout the negotiations there has been much back and forth amidst disagreements however both sides were satisfied with the outcome.Chief Executive Officer (ag) of GPL, Renford Homer added that the level of professionalism that was maintained throughout the negotiations has resulted in both parties coming to an agreement, with hopes of improvement in the coming year.“With the recognition that we needed to be quite prudent in our deliberation as to what we considered to be a reasonable increase in salaries, and I think that level of maturity and understanding came out of these engagements,” Homer said.last_img read more

ALTA Publishes Best Practices Standards for Title Insurance Industry

first_img Agents & Brokers Attorneys & Title Companies Compliance Investors Lenders & Servicers Processing Service Providers Title Insurance 2013-01-03 Tory Barringer Share The “”American Land Title Association””:http://www.alta.org/index.cfm (ALTA), a national trade association for the land title insurance industry, released a set of “”Title Insurance and Settlement Company Best Practices”” created to help members highlight policies and procedures used to ensure a “”positive and compliant real estate settlement experience.””[IMAGE]””ALTA is publishing these best practices as a benchmark for the mortgage lending and real estate settlement industry,”” said ALTA CEO Michelle Korsmo. “”The best practices are voluntary standards professionals can adopt to protect consumers, promote quality service, provide for ongoing employee training, and meet legal and market requirements.””The list includes seven “”main”” best practices for title and settlement professionals, including: establishing and maintaining current licenses as required to conduct title insurance and settlement services business; adopting and maintaining a written privacy and information security program to protect non-public personal information; maintaining appropriate professional liability insurance and fidelity coverage; and maintaining procedures for resolving consumer complaints.A “”full copy””:http://www.alta.org/bestpractices/docs/ALTA_Title_and_Settlement_Company_Best_Practices.pdf of the document can be found at ALTA’s website.””Providing professional service to customers and safeguarding the real estate transaction is paramount to the land title insurance industry,”” Korsmo said. “”ALTA is delighted to release our full ├â┬ó├óÔÇÜ┬¼├ï┼ôTitle Insurance and Settlement Company Best Practices’ at a time of tremendous growth and change in the industry.”” January 3, 2013 489 Views center_img in Data, Government, Origination, Secondary Market, Servicing ALTA Publishes ‘Best Practices’ Standards for Title Insurance Industrylast_img read more