This is Guka - This is Just Wrong. We Need to Act..............................by Voting With Our Feet...................

[Sovereign2]

@FieldMarshal CouchP

Bank workers are among the worst paid professionals I know, at least in the non-management levels. You ask what a graduate cashier in Equity or Family Bank earns and you are lost for words - take home is rarely over 25K pm (after deductions and taxes).

Then you read what the chief executives of the banks are earning and you are lost for words.

The other day I read that KCB’s Oigara earned about 280m last year in salaries and allowances.

Coop Bank’s Muriuki earned Sh376 million.

And this is before you cost what they expend in housing, travel, entertainment, medical etc etc.

How do you justify these obscene salaries in a small developing economy such as Kenya? CLEANERS IN THE SAME BANKS ARE BEING PAID SH10,000 A MONTH (the banks avoid legal liability by hiring independent firms who pay the cleaners as low as 7K) and somebody is earning nearly Sh30 million a month?

I bank with KCB and recently issued a cheque that bounced. I was fined Sh3,600.

Worse, when I want a printed statement of my account I am charged Sh150 a printed page. Mind you, at a cyber, whose core business is printing, I am charged just Sh10. AS A BANK KCB IS SUPPOSED TO MAKE MONEY FROM BANKING SERVICES, NOT SILLY PENALTIES OR PRINTING STATEMENTS. Those are not its core business! But I guess they have to make money hand-over-fist to pay Oigara.

Why do we allow this shit to happen? I do not believe that Kenya needs a revolution. But Kenyans need to be much more militant about this stupid exploitative theft by a small elite.

Can you imagine what Muriuki’s Sh300 million - assuming he’s paid a decent Sh76 million a year - could do for the lowest paid 2,000 Coop Bank employees? Divided equally that could be about Sh150,000 more for each, or a Sh12,000pm raise - life-changing.

What’s more both Coop and KCB are publicly quoted companies. They have shareholders like you and me. Any extra monies paid to the CEO are monies that should come to us, the shareholders. These guys are robbing you and me, the small man.

This kind of inequality imperils the continued survival of this country.

[SIZE=1]PS: Nikubaya jameni, tumeni kakitu…[/SIZE]

One word for you…capitalism.
It’s all over the world, not just in Kenya. Banks (businesses) are there to make money any way they can. As for the employees, if that 25K is too small for you, move on and someone else who’s making 20K or less will be happy to take your place.

[Bhai]

Stop whining the economy is growing!!!

[S_Lilly]

Those Bank workers are among the highest paid in the Kenyan employment sector. Our salaries are probably lower than both Indian and China. Our cost of living is very high, the cost of a good residential house is very costly.

[uwesmake]

watuongeze mshahara banaa

[Shaka]

These guys are paid for the connections they bring to the company not their work. For example if you are well connected with the govt, regulatory agency or a certain market etc you qualify for this jobs. It is not about their qualification or work, it is about his connections aligning well with biz interest.
I used to work for a certain small company, i started as the only expert. Then a guy who used to work for a govt regulatory agency in that field was brought and made manager. But he did not deliver, we still got problems with govt inspectors. He was fired. And at that time the company got a grant from an NGO and that came with a new manager recommended by the NGO. So it is all about who you represent in that company. It very important to be well known by high ranking officials in govt if you want this jobs. Play your politics well