Aug Sun 2020 03:24:07
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According to the average salary and wage details of the last fiscal year made by the NRB study report, the overall salary index of the employees is 537.45.
According to the NRB, the average salary index of employees working in private sector organizations is higher than that of government employees. The highest average salary index is for employees of banks and financial institutions.
The average salary index of employees of banks and financial institutions is 653.50 in the last fiscal year. During the same period, the average salary index for government agencies was 541.80 for civil servants, 441.98 for public sector employees and 483.76 for Nepal Army and Nepal Police.
This sector has become a destination of employment for the educated and unemployed as the financial sector employees get average salary allowance and service facilities in the financial sector more than in government bodies and other private sector organizations.
According to the statistics, the average salary growth rate of the employees of banks and financial institutions is higher in the average salary details of the employees.
In the previous fiscal year, the average salary index of official level employees of banks and financial institutions was 414.59. The salary index of officers has increased by 15.04 percent in the corresponding period of the previous year and reached 476.98.
Similarly, the average salary index of general level employees of banks and financial institutions was 555.48 in the previous fiscal year.