Wage raise for FNB

FirstRand Bank Namibia Holdings Limited and the Namibian Bank Workers Union (NBWU) recently announced an increase of 7.4% per annum basic salary increase for all employees’ basic salary.

The effective date for the implementation of salary increases will be back-dated to 1 August 2018. They also increased the housing qualifying loan amounts for staff members by an additional N$150 00 to encourage and support their staff to become home owners.

“All our staff in the bargaining unit who have scored a rating of three and above in their performance appraisal will receive a bonus in this financial year,” said Andrew Kanime, the group’s chief human resources officer.

FirstRand Namibia Limited represented by Mr. Andrew Kanime, and the Namibian Bank Workers Union, represented by Secretary General, Mr. Moses Mamba demonstrated a sound and mature relationship, conducting negotiations in the spirit of mutual benefit.

“Despite tough economic conditions, the Group is very pleased that it is still able to grant good increases which are way above inflation, but granted to help our staff to cushion the negative effects of current economic conditions on their standards of living,” said Andrew.

“We are very confident that our staff will rise to the occasion and perform well within and beyond their assigned roles and responsibilities as it is only performance and service that will enable us to continue embedding our position of being the best employer to the best people in Namibia, and the leading financial services Group in Namibia,” he added.

“It is expected that both parties respect and uphold the signed Recognition Agreement at all times. Employers in the financial sector should ensure or prevent exploitation, victimization, favouritism or any other unacceptable behaviour within such industry as to create a conducive atmosphere”, Moses said.