To cushion the effect of harsh economic realities occasioned by the removal of fuel subsidy, Wema Bank has announced an increase in salaries for its employees.
According to the bank, the increment was to equip the full cadre of its staff to maintain a good standard of living in the current economic climate and also set the standard for pro-employee initiatives in Nigeria.
In a statement by its Divisional Head, People, Brand & Culture, Ololade Ogungbenro, the bank said it remains a brand, which in addition to job creation, also ensures that its employees execute their duties in an enabling and rewarding environment without compromising their work-life balance.
Ogungbenro said it is a stance that has rightfully earned the financial institution its spot among the top tier banks in the industry, adding that the bank has maintained a track record of actively driving the personal and professional growth of its employees adding that its staff benefit from a plethora of health, wellness, lifestyle, career and financial empowerment initiatives, to help them achieve and live their best lives.
She maintained that Wema Bank is constantly innovating to ensure the satisfaction of both its customers and employees as further evidenced by the recent increase in the salaries of its employees.
Ogungbenro added that the financial institution is aware that an effective, enabling working condition comprises all the physical, psychological, and financial factors that boost the well-being, performance, and productivity of employees.
“These factors include the work environment, remuneration policy, work schedule, and other conditions of employment that influence the employee’s health, safety and sense of job security.
Again, the ideal working condition would adequately support employees’ lives, well-being, health and safety, and ensure they are fully rewarded for their services, allowing them to achieve true work-life without compromising the finance factor”.