In response to the economic challenges brought about by the removal of fuel subsidies, Wema Bank has decided to raise the salaries of its staff as a way of providing some relief.
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.
On Wednesday, Zenith Bank announced an increment in staff salaries to cushion the effect of fuel subsidy removal.
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.
