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UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021

Felicia Tan
Felicia Tan3/9/2021 11:3 AM GMT+08  • 2 min read
UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021
The news comes after the bank's hiring, wage and promotion freeze in September 2020.
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UOB will launch a round of pay increases and promotions for all eligible employees across the whole group in June, it announced on the morning of March 9.

The broad-based initiative will cover up to 98% of the group’s total headcount and excludes senior management.

This move comes as the bank signals its confidence in a sustained economic recovery in 2021.

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