Mobilink Microfinance Bank Ltd. (MMBL) has unveiled its latest organizational effort focused on improving its workers’ financial resilience.
In response to the present volatility in the economy, the Bank has proactively implemented a new Minimum Salary structure of PKR 50,000 to give its workers increased financial security and to help them in managing their daily living expenditures.
This strategic initiative shows MMBL’s unwavering commitment to the well-being of its staff and demonstrates the Bank’s never-ending quest to improve the overall employee experience.
The recent revisions to the Minimum Salary structure are the result of MMBL’s Rewards & Payroll and Finance teams working together. The new structure demonstrates the Bank’s dedication to fair and equitable compensation policies, which are important for encouraging employee satisfaction and retention.
President and CEO Ghazanfar Azzam spoke on the development, saying, “Our workers are the cornerstone of our success, and we are devoted to safeguarding their well-being while providing them with a satisfying work experience.”
“The new PKR 50,000 minimum wage structure indicates the Bank’s commitment to improving its workers’ financial stability and lessening the burden of their everyday costs.” At MMBL, we sincerely think that investing in our employees is a wise investment in our organization’s future.”
Acting Chief People Officer Haroon Khan also shared his opinions, saying, “The Bank is cognizant of the problems that the present financial landscape provides to many individuals, particularly those in the middle and lower-income segments of society.”
“This is why the Bank implemented a new Minimum Pay structure to ensure that all of our workers receive a fair and acceptable payout to help them manage their daily living expenditures.” Our commitment to our employees at MMBL goes beyond just fair compensation. We aspire to foster an inclusive and empowering workplace in which everyone feels appreciated and their contributions are recognized.”
MMBL’s dedication to its workers’ well-being is reflected in its extensive benefits package, which includes comprehensive healthcare coverage, flexible work arrangements, childcare help, conveyance facilities, minority leaves, and employee loans.
The bank recognizes that investing in its workers’ professional development is critical to its long-term success, therefore it provides frequent training and development programs, career progression opportunities, and mentoring to ensure that its employees have the most up-to-date knowledge and abilities.
The Bank’s commitment to Diversity, Equality, and Inclusion (DEI) is evident in its hiring practices, which provide an inclusive work culture.
