Premiums do not apply when a company has a registered contract and the employee is covered. The core values of the reserve bank, as outlined in its code of conduct, help shape the Bank`s culture and meet expectations and standards of workplace behaviour and professional behaviour. The Bank`s values are as follows: to test the impact on wages of agreements negotiated without union participation, we appreciate the following model (based on the equation (1): ratings: `statistical significance` at the level of 1, 5 and 10% respectively; Standard errors (in parentheses) are grouped at the family of agreements and industry Level The Reserve Bank has raised awareness and staff participation in issues of diversity, safety and safety at work, supporting staff participation in external events and welcoming Bank guests to talk about diversity , inclusion and health-related topics. Diversity events included speakers on gender and race issues, as well as events for NAIDOC Week, Reconciliation Week, Harmony Day, Wear It Purple Day, International Women`s Day and Global Accessibility Awareness Day. In addition, the Bank continued to raise public awareness of mental health in the workplace, including by R U OK. Daily activities and other initiatives of the new mental health strategy to support the prevention of mental health problems in the workplace. Presencej,t 1 is the share (of 1) of employees in enterprise agreements in the industry during quarter 1, which are covered by an agreement negotiated with the participation of trade unionists.  A positive coefficient (2) for the main presence would indicate the existence of a threat effect. A negative coefficient (3) on the concept of interaction would mean that the increase in union wages would decrease with the union presence. In other words, a threat effect should manifest itself in a positive estimate of 2 and perhaps a negative estimate of 3 euros. The results are presented in Table 7. The coefficient of union presence (2) is positive and statistically significant.
This means that in the absence of a union-negotiated agreement, a company would be willing to offer an additional 3.2 basis points for each standard deviation (approximately 10 percentage points) for annualized wage increases. The negative coefficient on the concept of interaction (3) implies a 10 percentage point decrease in the increase in union wages of 6.7 basis points for each increase in union presence in a sector. These two results suggest a ripple effect of union presence on the wage outcomes of agreements negotiated without union participation.