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Bank Windhoek, staff conclude wage negotiations

2023-09-22  Staff Reporter

Bank Windhoek, staff conclude wage negotiations

Bank Windhoek is unswerving and committed to its valued employees' well-being and financial security. 

This statement was made by Bank Windhoek’s managing director Baronice Hans on Tuesday, 19 September 2023, when she announced the successful conclusion of the Bank’s annual salary negotiations. 

Hans announced that for the fiscal year 2023/2024, the Bank staff members will receive mutually agreed-upon increments of 8% on their salary, rental and transport allowances.

Hans added that the Bank understand that its staff members are its most significant assets, and that they are the face, voice and heart of the Bank. 

“Notably, the 8.5% salary increment exceeds prevailing market standards by 1 to 1.5%. This extraordinary increase is a direct result of the outstanding achievements realised in the 2023 financial year. It reaffirms our belief that when we excel collectively, we create the opportunity for commensurate reward,” said Hans.

Hans also acknowledged that the Bank’s achievements would not have been realised without staff members' invaluable contributions. 

She said the Bank understands the challenges the current economic climate presents and the associated burdens it imposes upon the workforce. 

Bank Windhoek’s salary negotiations, conducted over four sessions in collaboration with the Namibian Financial Institutions Union (NAFINU), culminated in an agreement reached on Tuesday, 19 September 2023. 

NAFINU is a trade union in Namibia, representing workers in the financial sector. 

“We also sincerely thank the dedicated negotiation teams for their exemplary professionalism and adept management of these negotiations. We look forward to a future of collaboration, growth and mutual achievement,” concluded Hans.

2023-09-22  Staff Reporter

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