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HBL announced on Thursday that it is raising the staff service age from 60 to 65 years, citing its commitment to the well-being of its staff.

The policy comes into effect from September 1, 2022, meaning employees who turned 60 on or after this date are eligible.

"With effect from 01 September 2022, the Bank will retain all its management staff till the age of 65 years," it said in a press release.

"In the current socio-economic environment, this first-of-a-kind step is a game-changer for the financial industry. This ensures that the staff continue to financially support their families in the present global and local economically challenging times. Moreover, it will allow the Bank’s experienced staff members to further utilise their skills and also pass on those skills to the younger generation."

Muhammad Aurangzeb, President & CEO at HBL, stated, “The strides the Bank has made over the last eight decades, would not have been possible without the dedication and hard work of its people. HBL, with guidance from the Chairman and the Board of Directors, undertook the step of raising the service age to improve the quality of life of those we work with and those we serve."

Comments

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Imran Sep 15, 2022 08:08pm
What about the freshly qualified youth looking for jobs. Will it not lead to rise in unemployment. Crossing 60 had to retire anyways
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Dilnawaz Sep 15, 2022 08:18pm
This announcement is an excellent decision for middle class people like us.
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Dilnawaz Sep 15, 2022 08:19pm
This announcement is an excellent decision for middle class people like us.
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Ijaz Sep 15, 2022 10:56pm
Good and brave decision by HBL President. He deserves congratulations on this occasion. Similar types of some more decisions are required which we hope he will take. Thanks.
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Muhamamd Sep 16, 2022 08:42am
HBL is the worst bank. Very pathetic and third class service.
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Nadeem Mufti Sep 16, 2022 09:24am
Employees must not accept this and take there valuable amount
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Asdf Sep 16, 2022 10:50am
Very bad for new generation.lt increased unemployment.
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Asdf Sep 16, 2022 10:55am
Very bad decision. It wil increased unemployment
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Saadi Sep 16, 2022 05:52pm
Such a great initiative for the industry to take lessons from. After all it's the staff who takes the institutions to greater heights and if a market leader like HBL has done this, it would indeed instill even more dedication and desire the staff of the Bank. Hope all big 5 banks follow in these footsteps atleast. God bless
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Khawar Khanzada Sep 16, 2022 10:39pm
This announcement is an excellent decision for middle class people like
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Shahid Sep 17, 2022 01:42am
Excellent decision made by bank, after retirement there will be no pension no other resource of income atleast employee can get 5 years of service. Appreciated
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Joti Sep 17, 2022 02:27am
It is a good initiative for those employees whose already worked over there and also providing their services but what’about those candidates whose age is above 30 that you are not considering for job facilitation. Companies and banks have boon following their old policies they would hire only those who are just under 25. Just focusing the age not capabilities.. All peoples have equal opportunities, different peoples are going through different circumstances… there is all about discrimination in market… You should also work on it as well to reduce unemployment…
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Kazim Raza Sep 17, 2022 12:16pm
Positive approach, experience has no substitute
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Shakeel Ahmed Silawatt Sep 17, 2022 01:41pm
Very Very good announcement.
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Greg Turner Sep 18, 2022 07:33am
A brilliant win-win decision by HBL
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Hussain Naqvi Sep 18, 2022 06:12pm
AslamoAlkum : GoP should follow HBL in this subject. Good decession by HBL. Regards
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Hussain Naqvi Sep 18, 2022 08:48pm
@Hussain Naqvi, correction pls: Good decision by HBL.
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