Maybank ROMPAK bonus pekerja
posted by Praveen at
9:38 AM
Thursday, October 18, 2007
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5 Comments:
This is happening throughout all banks, not just Maybank alone.
The story (from CIMB bank employees) is that the banking union is asking for a 30% rise in salaries (increments only happen once every few years unlike the non-banking sectors where it occurs every year) and the banks nationwide are going to cut back on bonuses and pump the money into salaries, disguising them as increments.
The thing is this: the new "increments" only total up to 15% at most. Hence the "strike".
Thanks, mei! You've added a fresh perspective to this post.
Bank employees always point to the growth rate in the banking sector. Well, the figures speak for itself, and the industry is definitely making money.
Maybank recently reported a jump in profits for 2006/07, as per their recent press release:
"Net profit for the year rose 14.6% to RM3.18 billion from RM2.77 billion in the previous corresponding period."
Like everything else in life, you get monkeys when you pay peanuts.
Makes you wonder where all that money is going to, aye?
Of course everyone wants an increase in salary.
But we must pay attention to the entire picture.
The people who were directly responsible for bank's profits should of course be rewarded, no question about that. For example mortgage executives who sell housing loans, credit card officers, product planners and so on.
But the people making noise are the front line staff. Is their contribution worth a 30% increase?
I stroll into a Maybank.. the service is the same, or even worse off. My brother tried to open a current account, and it took ONE HOUR at the PJ branch, excluding time waiting for his turn. The officer just strolled from one place to another, making copies, filling up forms slowly, checking this and that slowly.
The DANGER of increasing salaries without an increase in productivity is that it increases inflation. We have already seen this with the civil servant's pay increase. Read the other blogs about how prices at hawker stalls are slowly creeping up. Do you really want this to be repeated and worsened?
If the bank employees want an increase in living standards,
1) work harder, that is, contribute MORE, get a promotion and get paid more. Don't expect to be paid more for doing the same exact thing.
2) Quit your job. No one is forcing you to work there, and if you really think you are worth 30% more, any other non-bank company will be HAPPY to hire you. Has anyone seen the overflowing pages of jobs in newspapers? And the growing positions at online job sites?
3) Save money. Buy your bank's shares. You asked where the money went to? That's where it went: to the actual profit earners and investors who put off immediate gratification to invest. Maybank and Public Bank's shares went up multiple fold since several years ago. No money to invest? I don't believe it. Cutting off Astro already saves RM50+. Driving a Myvi instead of a Corrolla? Thousands.
What about the people who do the same thing, ie clerks and customer service etc in non-banks (outside of government jobs)? How many of your friends actually get an automatic 5% increment every year?
aye..
how can they not profit when they charge you on the forth time you use the atm?
aye!
but the sticker is cool .. but they should have just stick it on the branch manager's car, or something. imagine a S class with all these stickers.
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