Wema Bank announces an increase in salaries for employees
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Azonuchechi Chukwu.
Wema Bank has announced an increase in salaries for its employees in the business, in response to the economic fluctuations occasioned by the removal of the fuel subsidy in Nigeria.
With this singular act, Nigeria’s leading financial institution in innovation and technology is not only equipping the full cadre of its staff to maintain standards of living in the current economic climate but has also set the standard for pro-employee initiatives in Nigeria.
The recent subsidy removal, in addition to a number of other factors, has led to a nationwide price inflation, and this has compelled Nigerians at both individual and corporate levels, to devise and adopt measures that will help them survive the inevitable adverse effects. Businesses and organisations have had to review their spending, downsize staff and cut general costs. All this makes Wema Bank’s decision to go against the grain and increase staff salaries a commendable surprise. It also further solidifies the widely held narrative that Wema Bank is among the best places to work.
Over the years, the rise and permeation of technology in the world has inadvertently reduced the need for human resources in many aspects of industry. Wema Bank 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. It is a stance that has rightfully earned the financial powerhouse its spot among the top 2 banks in the industry
