Metrobank provides more employee benefits

MANILA, Philippines - The Metropolitan Bank & Trust Co. (Metrobank) is offering, through its Trust Banking Group, the corporate stewardship program – a suite of packages aimed at helping companies set up its employee benefit plans, providing them with the expertise in the management and administration of such plans.

In this program, the funds are invested in equities and fixed-income markets or a combination of both depending on the client’s objectives and risk tolerance.

“Giving the best employee motivation program proves effective in generating business results.” said Josefina Tuplano, Metrobank senior vice president and Trust Banking Group head. “Through our program, we provide our corporate clients an avenue to develop employee benefit packages that will set them apart in their respective industries.”

Employee turnover has become a concern for business. An employee leaving a company translates to a disruption in operations and may add to costs.  Productivity can be compromised until the vacancy is filled and low employee morale may set in.

The Bureau of Labor and Employment Statistics (BLES) said that the labor turnover rate in the National Capital Region is at 5.99 percent.

For most cases, employee turnover resulted from job dissatisfaction – driven by stunted career growth, low pay, poor working conditions, long working hours, negative environment, or a sub-par compensation package.

There are many ways of addressing employee turnover.

One is to manage it at the onset of recruitment. Interviews should be designed to not only uncover the applicant’s skill and character but also to assess their career goals, making sure that they fit well with the company culture and their prospective teams.

Another way is to map out a proper career growth program that will keep the employee engaged every step of the way.

Employees perform their best within an environment that promotes healthy interaction with their peers, and provides challenging opportunities that will allow them to excel and be acknowledged.

Companies should remember that happy employees are productive employees. In taking care and making sure that your workers are appreciated, you can minimize the impact of turnovers and build a team with shared values that will work hard to achieve the company’s goals.

Through Metrobank’s corporate stewardship program, employers are assured that their long-term employees will be in good hands now and even beyond their working years.

Metrobank is the country’s premier universal bank with an extensive consolidated network that spans over 850 branches and 1,900 automated teller machines (ATMs) nationwide, and 33 foreign branches, subsidiaries and representative offices.