Employee Handbook (HBEU) - HSBC careers site

payment period and/or date of your first salary payment may vary. Further details on this areset out in the Salaries section of the HR Procedures Manual, which is available through thebank’s intranet.Salary and, where applicable, any allowances, accrue in respect of each hour or part thereof,which you work.Payment is subject in all cases to statutory deductions of income tax and employee nationalinsurance contributions and any other deductions which the bank may be obliged to make.You will receive a monthly pay statement detailing gross pay and deductions.1.4.2 Bank AccountIt is a requirement of your employment that you maintain an account with the bank, into whichyour salary will be paid. For new entrants working within centralised sites and the bank’sHeadquarters this account will usually be domiciled within the National Sort Code (40-01-00).For new entrants working within the branch network, the account will usually be held at thebranch where you are to work initially.1.4.3 Salary for Clerical GradesThe bank reviews its current levels of pay each year and where appropriate seeks to agreethrough negotiation any changes with Unite.Any changes to your basic salary will be notified to you by letter, circular or in your monthlypay statement. In addition current pay bands applicable to your grade and/or area of work areset out in the Rates - salaries and allowances section of the HR Procedures Manual which isavailable on the bank’s intranet.1.4.4 Salary for Management and Salesforce BandsThe bank reviews its current levels of pay each year. Any changes to your basic salary will benotified to you by letter, circular or in your monthly pay statement. Current minimum salarylevels applicable to management band employees up to and including band GCB4 andminimum and target salaries for Salesforce grade employees are set out in the Rates -salaries and allowances section of the HR Procedures Manual which is available on thebank’s intranet.1.4.5 Incentive SchemesThe bank currently operates performance related discretionary incentive schemes designedto reward employees according to their efforts and the achievements of the bank. Theexistence of, and rules of the schemes are entirely discretionary and operate in accordancewith non-contractual rules, which may be in place from time to time. Further information isdetailed in the HR Procedures Manual (Incentive pay awards), which is available on thebank’s intranet.Separate incentive schemes apply to members of the regulated Salesforce and to SeniorManagers. The existence of and rules of such schemes are also entirely discretionary andoperate in accordance with non-contractual rules, which may be in place from time to time.Further details of such schemes will be communicated directly to such employees or will beset out in the HR Procedures Manual from time to time.1.4.6 AllowancesYou may be eligible for certain non–contractual allowances, as are applicable at the time.Your offer letter or subsequent communications from the bank will specify the type and levelof any allowance to which you may be entitled. Any subsequent withdrawal or variation will benotified to you in writing or by circular. Further information is provided in the HR ProceduresManual (Allowances), which is available on the bank’s intranet.1.4.7 Overtime and Additional HoursWhere you are required to work beyond your normal hours, payment will be made to clericalgrade employees, in respect of any such hours, in accordance with the bank's rules on