Business

BRAC Bank hikes junior-grade salaries up to 50pc


Published : 14 Jan 2022 09:01 PM

BRAC Bank has recently increased the salaries of junior grade employees, SPO and below, by up to 50% from January 1, 2022.

With 7,500 Full-Time Employees (FTEs), BRAC Bank is one of the largest employers in the Bangladesh banking sector. This new competitive compensation package is expected to further motivate the bank’s existing co-workers and also enable the Bank to attract more talent from the market. 

The bank has significant growth plans over the next few years and is planning to recruit more than 1,800 new resources in 2022 alone to expand its foothold all across the country. 

The Bank has also begun an initiative to convert different outsourced teams to FTEs. 100 outsourced staff were absorbed earlier this month into FTE positions on the basis of their performance and longstanding contribution. 

Commenting on these different people initiatives, BRAC Bank’s Managing Director and CEO Selim R. F. Hussain said: “BRAC Bank has achieved strong growth in the last few years and today, leads the local banking industry in many metrics. This success is entirely due to our talented and committed co-workers, who are the true drivers behind our success.”