According to the financial report, Techcombank cut 573 employees in the first half of this year, leaving 10,972 people as of June 30. This helped the bank save 5% on salaries and allowances for employees.
One notable point is that the average salary and monthly income of Techcombank employees decreased significantly compared to the same period last year.
Specifically, the average employee salary in the first 6 months of this year was 37 million VND/month, down 3 million VND compared to the same period last year. The average income (salary, allowances and other income) in the past 6 months reached 44 million VND/month, down 2 million VND compared to the same period.
However, Techcombank employees' income is still a dream number for many other banks.
LPBank has the strongest staff reduction. As of June 30, LPBank had 10,818 employees, a sharp decrease of 1,385 compared to the end of 2022 and a decrease of 1,160 compared to the same period last year.
Despite the reduction in staff, LPBank employees' salaries increased. In the first 6 months of the year, each LPBank employee received 20.80 million VND/month in salary and allowances, an increase of 4.5 million VND/month compared to the same period last year.
Similarly, TPBank also cut staff. As of June 30, the bank had 8,348 employees, down 338 from the end of 2022 and down 502 from the same period last year.
The average income of TPBank employees skyrocketed to VND38.8 million/month in the first half of 2023. Compared to the same period last year, this figure increased to VND8.7 million/month.
At ABBank, the Board of Directors has expressed its determination to increase employee income. The results were evident in the first half of this year. As of June 30, ABBank had 3,776 employees, down 148 from the end of last year. The average employee income in the first 6 months of the year reached VND23.24 million/month.
Compared to the same period last year, ABBank employees' income has increased by nearly 6.5 million VND/month. This means that the bank's salary and allowance expenses in the first 6 months of this year increased by 30% compared to the same period last year.
In contrast to the cuts, BacA Bank has 150 more employees compared to the end of 2022 and an increase of 600 people compared to the same period last year. As of June 30, BacA Bank's number of employees was 3,349.
The average income of BacA Bank employees also increased by 4.6 million VND/month. Each employee of this bank has pocketed 20.049 million VND/month since the beginning of the year.
Banks are entering the season of announcing their second-quarter financial reports. The picture of the banking labor market as well as employee income will be clearer in the coming days.
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