THE banking sector’s profit is rising and it is contributing more compared to other sectors. Bank earning comes always from branch deposits and the sale of other banking products at the branch level.

Branch level employees are the first ones to receive SBP penalties, upper level management pressure and client grievances. They always work late hours, especially at the end of the month for releasing government employees’ salaries, monthly closing and, during Haj seasons, without any additional monetary benefits and awards.

The banking sector always hires young, motivated and energetic fresh postgraduates on Rs14,000 to Rs20,000 per month with annual increments of Rs700 to Rs1,200, depending on their annual appraisal. This is mere exploitation of fresh graduates.

Graduates from low-income communities start their careers with banks without job security and career development. They retire without a monthly pension.

I urge the government and the SBP to formulate a uniform hiring policy for bank employees, offering a minimum monthly package for fresh graduates.

Salim Mandokhail
Zhob

Published in Dawn, December 5th, 2016