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Banks sending right signals – Business Daily


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Banks sending proper alerts


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Kenya Bankers Affiliation (KBA) CEO Habil Olaka. FILE PHOTO | NMG

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Abstract

  • The banking trade’s determination to extend salaries for its greater than 20,000 unionisable financial institution staff by seven p.c is applaudable.
  • It speaks to the trade’s concern in regards to the welfare of its staff.

The banking trade’s determination to extend salaries for its greater than 20,000 unionisable financial institution staff by seven p.c is applaudable.

It speaks to the trade’s concern in regards to the welfare of its staff.

The increment comes on the again of restoration of lenders’ earnings on the improved financial surroundings following elevated Covid-19 vaccinations and easing of restrictions geared toward containing the virus.

The primary-half outcomes recommend that the trade is popping out of the pandemic downturn, with earnings surpassing the pre-Covid half-year income.

This sends a constructive sign to different sectors of the economic system {that a} rebound is underway. And hopefully, it encourages different employers to look into methods of motivating their workers who’ve needed to make important changes to maintain providers uninterrupted all through the pandemic.

Employers ought to look past remuneration to enhancing working situations and strengthening their capabilities to spice up providers.

With elevated digitalisation and distant working, firms can embed these positive aspects to make versatile work preparations and assessment skewed remuneration buildings.



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