{"id":20453,"date":"2022-04-13T20:02:35","date_gmt":"2022-04-13T20:02:35","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment"},"modified":"2022-04-13T20:12:54","modified_gmt":"2022-04-13T20:12:54","slug":"standard-chartered-bank-workers-get-20-salary-increment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment","title":{"rendered":"Standard Chartered Bank workers get 20% salary increment"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) says the country\u2019s economic environment has been difficult owing to Covid-19, high inflation rates and instability of the Kwacha among other factors that have affected businesses, including the financial sector.<\/p>\n

ZUFIAW General Secretary, Kasapo Kabende, says it is therefore important for Standard Chartered Bank to offer its unionised workers a 20 per cent salary increment across the board in the midst of the difficult economic environment.<\/p>\n

Mr Kabende says all other employers in the financial sector should emulate Standard Chartered Bank. During a signing ceremony of the collective bargain agreement between Standard Chartered Bank and ZUFIAW, Mr Kabende said the 20 per cent salary increment is the highest recorded so far in the industry. He expressed confidence that the awarded members of staff will be motivated by the increment and work hard towards the success of the bank.<\/p>\n

\u201cThe economic environment in our country has been difficult, the effects of the Covid-19 pandemic, inflation, cost of goods and services, instability of the Kwacha and high fuel prices due to the current crisis in Ukraine have had a negative effect on our economy and this has resulted in increased cost of living and the actual value of wages has effectively been eroded,\u201d he said.<\/p>\n

And Standard Chartered Bank Chief Executive Officer, Herman Kasekende, said the 20 per cent salary increment awarded to the unionised staff is a clear demonstration of the pride and value that the bank places on its people.<\/p>\n

Mr Kasekende said the increase in salary has come at the peak of a difficult economic environment for the bank and staff. He has since thanked the bargaining team for the successful completion of negotiations in record time.<\/p>\n

\u201cThis agreement clearly indicates that we value our employees. We are very proud of them as they have worked under very difficult conditions over the last two years as we all battled with Covid-19,\u201d he said Standard Chartered Bank has for the second year running awarded its unionised workers a 20 per cent salary increase across the board.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) says the country\u2019s economic environment has been difficult owing to Covid-19, high inflation rates and instability of the Kwacha among other factors that have affected businesses, including the financial sector. ZUFIAW General Secretary, Kasapo Kabende, says it is therefore important for Standard […]<\/p>\n","protected":false},"author":84,"featured_media":20452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[234,235,233],"class_list":["post-20453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nStandard Chartered Bank workers get 20% salary increment - Zambia<\/title>\n<meta name=\"description\" content=\"The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) says the country\u2019s economic environment has been ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard Chartered Bank workers get 20% salary increment\" \/>\n<meta property=\"og:description\" content=\"The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) says the country\u2019s economic environment has been ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-13T20:02:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-13T20:12:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/04\/img-62572eabb231a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Standard Chartered Bank workers get 20% salary increment\",\"datePublished\":\"2022-04-13T20:02:35+00:00\",\"dateModified\":\"2022-04-13T20:12:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment\"},\"wordCount\":362,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/04\/img-62572eabb231a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/standard-chartered-bank-workers-get-20-salary-increment\",\"name\":\"Standard Chartered Bank workers get 20% salary increment - 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