Negotiating Together for Better Wages and Conditions
United we negotiate, united we win. ZIBAWU’s collective bargaining power has secured better salaries, improved working conditions, and enhanced benefits for thousands of workers across Zimbabwe’s financial sector.
What is Collective Bargaining?
Collective bargaining is the process where ZIBAWU negotiates with employers on behalf of all members to secure:
Fair wages and salary increases
Better working conditions
Improved benefits packages
Job security provisions
Protection against unfair labour practices
Through collective bargaining, workers have a unified voice that employers must listen to.
How ZIBAWU Negotiates
Our bargaining process is strategic, research-based, and member-driven:
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1. Member Consultation
We gather input from workers across all sectors to understand priorities and concerns. -
2. Research & Preparation
Our team analyzes industry standards, economic indicators, and employer capacity. -
3. Collective Demands
We present unified demands backed by data and member support. -
4. Negotiation Rounds
Experienced negotiators engage employers in structured bargaining sessions. -
5. Member Approval
All agreements are presented to members for democratic approval before signing.
Recent Achievements
ZIBAWU’s collective bargaining has delivered real results:
70% USD Salaries:
Secured partial dollarization of wages for stability
15% Wage Increase:
Negotiated above-inflation salary adjustments
2 Months Retrenchment Package:
Improved severance terms for affected workers
Enhanced Medical Aid:
Better health coverage for members and families
Improved Leave Benefits:
Increased annual, sick, and maternity leave
Housing Allowances:
Secured housing subsidies in collective agreements
Sectors We Represent
ZIBAWU negotiates collective bargaining agreements across:
- Banking Sector: Commercial banks, merchant banks, and investment banks
- Microfinance Institutions: MFIs and credit-only institutions
- Building Societies: Housing finance and savings institutions
- Insurance Companies: Selected insurance and financial services providers
Our reach covers over 7,000 workers across 40+ financial institutions.
How Members Contribute to Collective Bargaining
Strong collective bargaining requires active member participation:
- Share Your Concerns: Report workplace issues through your shop steward
- Participate in Surveys: Provide input during consultation processes
- Attend General Meetings: Stay informed and vote on proposed agreements
- Show Solidarity: Stand united during negotiations and industrial action
- Know Your Agreement: Understand the terms of your collective bargaining agreement
Want better wages and working conditions?
Join ZIBAWU and add your voice to our collective bargaining power.