Standard Chartered Bank Zambia has successfully concluded negotiations for the 2013 conditions of service for its unionized staff, increasing salaries by KR900 across the board.
According to a statement emailed to ZANIS in Lusaka yesterday, the bank this year undertook a review of the conditions of service for unionized staff which culminated in an agreement to increase salaries for unionized staff from last year’s increase of KR750.
Standard Chartered Bank Zambia Acting Managing Director Kelvin Musana says staff and customers remain a top priority for the bank.
Mr Musana said the bank has a good working partnership with the Union Executive whom it relies on to encourage staff to have a change in mindset.
Mr Musana said the bank remains focussed on making a difference in the communities it operates in and had for this reason in 2012 engaged the union to roll out extended hours in its branches.
The Acting Managing Director said there was need for his bank to position itself for future growth in order to continue to compete effectively.
And commenting during the signing ceremony, Standard Chartered Bank Zambia Head of Human Resource Ruth Simuyemba said the over 700 staff across 24 outlets in Zambia are the bank’s biggest asset.
Ms Simuyemba said the growth that the bank achieved last year was testimony of the quality of staff and their professional and hardworking conduct.
She said the bank is committed to continue reviewing conditions of service for both management and union staff.
Ms Simuyemba added that the signing agreement shows the bank’s commitment to its brand promise of “We are Here for Progress, Here for People and Here for Good.”
Meanwhile, Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) Secretary General Joyce Nonde-Simukoko commended Standard Chartered bank for closing the negotiations when other banks are yet to.
Ms Simukoko said this shows the hard work and commitment by the negotiating committee.
Ms Simukoko has since encouraged bank staff to change their mindset towards work saying bank workers need to enhance their skills in order to achieve more.
She called on the bank’s workers to utilise ZUFIAW’s newly opened Skill Development Training Centre where they will be trained in different aspects of their careers.
ZANIS
Only!!!!!!!!!!!! I had a cool Kr2,000 increase
This is one of the lowest paying Banks in Zambia,KR 900 is nonsense!
900 salary increment not what the lowest work gets
Are you sure of what you are saying?Come to intermarket bank you will have a shock of your life, its now running to almost six solid years minus any increment .
I would like to hear postive comments from HH and Mumba on this one, in the same manner they comment negatively on other developments.
u have jst added kr150 frm last yr’s kr 750.learn to tell the truth.i thot it was kr 900 as it is not realisin they hav added a kr150 to kr 750 of last year’s increament.ma!
And you call that increment? Dapp from pipo to pipo nonsense, i miss alaa bee
I hope this increment will compensate the rapid and high ridiculous inflation in Zambia. According Bloomberg business week,Inflation in Zambia has accelerated for the first time in five months, this is manly due to retail and fuel price increase in the month of May . Consumer prices rose 7 percent compared with 6.5 percent in April. in any case, the board of chartered Bank should be applauded for at least thinking about their workers. off course, the increment should have been more.
Pittsburgh
That’s even better,some of us are having a 4percent increament,wat nonsense!!!!
Pipo! this means 900 on basic plus 45% of basic on education and housing combined.so if last year was 750,and this year is 900, the increment is not 150 but 900 and its now 900 0n the 750 last year.Read the notes to see beyond them.
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