Wema Bank raises workers’ salaries

<p>Wema Bank has raised the salaries of its employees to cushion the effect of fuel subsidy removal.</p>, <p>It said this was necessary because it prioritised its employees’ welfare.</p>, <p>The bank said the current economic realities, which had witnessed recent spikes in fuel, electricity, and other prices, required employers to prioritise the welfare of their workers.</p>, <p>The bank disclosed the salary increase in a statement signed by its Divisional Head, People, Brand & Culture, Ololade Ogungbenro.</p>, <p>Beyond financial incentives, she said, the bank provided opportunities to its workers for personal and professional growth by nurturing a culture of learning and development.</p>, <p>She said, “Wema Bank’s vision extends beyond its bottom line; with this salary increase for its staff, the bank expects the ripple effect of positive change to extend to the wider industry and world of work.</p>, <p>“Wema Bank’s unwavering support for its employees lies at the heart of this expected transformation.</p>, <p>“The impact of this salary increase bears more than mere numbers on a pay slip, employees are experiencing a renewed sense of motivation and dedication to their roles, knowing that their hard work is genuinely recognised and rewarded.”</p>, <p>According to her, the bank valued every individual’s contribution, regardless of employment status.</p>, <p>This is a way of fostering a sense of belonging in its staff, adding that each member is an integral part of the bank’s success story.</p>, <p>She expressed optimism that the increment would boost the morale of the employees, leading to enhanced productivity, improved teamwork, and reduced turnover rates.</p>, <p>Ogungbenro said the financial institution was creating a more harmonious and dynamic work environment where the creativity and innovation for which it was acclaimed, flourished very well.</p>, <p>“Wema Bank understands that its employees are its most valuable asset, and by providing a competitive and fair remuneration package, the organisation aims to