Metropolis Bank has introduced a wage restructuring initiative to align with market standards and form certain employee wellbeing amidst rising inflation.
The Board of Directors has authorized an annual wage increment of Tk162 crore for 2024, which is ready to culminate in a total amplify of Tk300 crore by the head of 2025, including PMP changes and bonuses.
This pass will amplify the financial institution’s total wage expenditure to Tk1,210 crore yearly by subsequent 365 days, in step with the financial institution’s estimate.
The resolution follows an in-depth wage detect conducted by Cerebrus Consultants Ltd., evaluating Metropolis Bank’s compensation applications with these of BRAC Bank, EBL, MTBL, Prime Bank, and Dhaka Bank.
The restructuring has been designed to carry salaries nearer to market averages whereas prioritising fairness. Staff whose contemporary salaries are greatly under market standards will rep higher percentage increases, whereas these nearer to market averages will rep comparatively smaller increments.
Key highlights of the restructuring include:
“Our workers are the backbone of Metropolis Bank,” acknowledged Aziz Al Kaiser, chairman of Metropolis Bank. “By aligning compensation with market standards, we arrangement to form a arrangement of work the place each person thrives,” he acknowledged.
Metropolis Bank’s MD and CEO Mashrur Arefin infamous, “We predict about that a joyful and motivated body of workers will result in happier potentialities and, within the kill, higher outcomes for our shareholders.”
This daring pass demonstrates Metropolis Bank’s imaginative and prescient to foster a sustainable, employee-centric atmosphere, strengthening its characteristic as a number one employer within the banking sector.
