Last updated on June 2nd, 2023 at 12:18 am
Below is a list of worst paying banks in Kenya. Kenya is home to many banks, both local and international. However, not all banks are created equal when it comes to employee compensation. In this blog post, we will take a look at list of the worst paying banks in Kenya.
Without further ado here is a list of worst paying banks in Kenya:
1. Consolidated Bank of Kenya
Consolidated Bank of Kenya is a local bank that has been operating for over 30 years. Despite its longevity, it is known to have some of the lowest salaries in the banking industry. According to reports, some employees have gone without salary increments for years.
2. Family Bank
Family Bank is another local bank that has been around for some time. However, it is known to have some of the lowest salaries in the industry. In addition, it has been reported that the bank has a high employee turnover rate due to the low compensation.
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3. NIC Bank
NIC Bank is a local bank that offers a variety of banking services to individuals and businesses. However, it is also one of the worst paying banks in Kenya. Reports show that some employees earn salaries that are below the industry average.
4. Bank of Baroda
Bank of Baroda is an international bank that operates in Kenya. It is known to be one of the worst paying banks in the country. In addition, the bank has been accused of discriminatory practices when it comes to employee compensation.
5. Sidian Bank
Sidian Bank is a local bank that provides banking services to SMEs in Kenya. Despite its focus on SMEs, the bank is known to have some of the lowest salaries in the industry. Reports show that some employees earn salaries that are below the minimum wage.
In conclusion, these are list of worst paying banks in Kenya. If you are looking for a career in the banking industry, it is important to research the compensation packages offered by different banks before making a decision.