Wema Bank has taken a significant step to prioritize the welfare of its employees in response to the current economic realities.
With recent spikes in fuel, electricity, and other prices due to fuel subsidy removal, Wema Bank has raised the salaries of its employees to cushion the impact and demonstrate its unwavering commitment to the well-being of its workforce.
In a statement released by the Divisional Head, People, Brand & Culture, Ololade Ogungbenro, the bank highlighted the importance of supporting its employees during these challenging times.
The salary increase is not only a financial incentive but a reflection of Wema Bank’s core values, emphasizing a culture of learning and development to foster personal and professional growth among its staff.
Ololade Ogungbenro stated, “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.
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 recognized and rewarded.”
Wema Bank believes that every employee’s contribution is valuable, regardless of their employment status, and aims to create a harmonious and dynamic work environment that fosters creativity and innovation.
By providing a competitive and fair remuneration package, the bank seeks to attract and retain top talents in the industry, recognizing that its employees are its most valuable asset.
Mabel Adeteye, the Head of Brand & Marketing Communications at Wema Bank, affirmed the bank’s commitment to employee welfare and well-being.
She stated, “Wema Bank is not only a leader in innovation and technology within the industry but also a champion of its employees’ best interests.
The recent salary increase decision showcases the bank’s dedication to employee welfare and well-being, resonating deeply within the organization and its community.”
With the salary increment, Wema Bank aims to boost employee morale, leading to enhanced productivity, improved teamwork, and reduced turnover rates.
The bank firmly believes that investing in its employees will result in a positive impact that extends beyond the workplace and benefits the broader industry and society as a whole
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