According to various employees, who talked with EconomyAge on condition of anonymity in fear of jeopardizing their relation with the employer, that Faysal Bank offered 2-5% increment to majority of employees especially to senior managers.
For those who are making Rs 100k to Rs 160k – the increment in absolute figure is mere 4 to 5 thousand.
Many employees in Karachi were asked to resign voluntarily but on refusal they are transferred to cities like Turbat, Quetta and in Azad Kashmir Region, making it virtually impossible for them to work, tell us sources who are directly impacted with the situation.
‘We cannot understand what has happened – since we met all our targets, in fact surpassed them and this is true for almost every department. I think they are out of their mind for treating us like that’, commented a employee who was asked to resign.
Another seasoned banker who worked for Faysal Bank and is currently working in another bank and who wish to stay anonymous for this article told us that his friends and sources confirmed him that many Area Managers are now given charge of Branches.
At the time of filing this article – EconomyAge received rumors that senior and key HR figure is about to leave Faysal Bank. This might be a surprise for industry since Faysal posted strong results and 80% growth last year.
This is not the first time this year that Faysal Bank is in news for any wrong reasons. Just recently, SECP slapped a prohibitory notice to Faysal Bank on manipulating shares in stock exchange. And at that time when they were in dire need of a spokesperson, they lost their head of marketing and corporate affairs Miss Marigam Agha.
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