Kelvin Bowoto
To alleviate the country’s current difficult economic conditions, Neveah Limited has announced a significant salary rise for all of its employees.
This unusual step followed the financial difficulties experienced by many workers as a result of the high cost of living and rising inflation.
Many Nigerians are struggling to make ends meet as inflation rises, living costs increase, and earnings stagnate.
Neveah’s CEO, Mr. Ibidapo Lawal, announced that starting this month, all employees will receive an average wage raise of nearly 44%, with some receiving up to 70%.
The raise will push Neveah’s average compensation considerably above industry standards, and it is likely to have a substantial influence on the workforce’s general morale and motivation.
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As a result, Neveah’s decision to increase compensation by such a large percentage has been welcomed with broad applause and admiration from both employees and industry experts.
“We recognize our employees’ challenges and strive to support them during these challenging times.
“Investing in our employees is not only morally right but also financially wise.” Employees who are happy and financially comfortable are more productive, engaged, and dedicated to the company’s success, according to Lawal.
Employees at Neveah were overjoyed with the announcement, with many expressing thanks for the company’s generosity and devotion to their well-being.
Neveah’s choice has also received praise from industry experts, who saw it as a positive example of how businesses should support their employees during times of economic instability.
Techrectory with Agency Report.
