Early 4th July 2019, the top 30% of FBN staff received bonuses ranging from several hundreds of thousands to millions of naira depending on grade level in the name of profit sharing. Unfortunately a whooping 70% of its staff were left out in this annual largesse bounty. My question is:
1. How do you share profit to only top 30% of your workforce ignoring 70%?
2. Did the top 30% work in isolation of the 70% not rewarded?
3. Taking away the 70% unrewarded staff can the top 30% generate the profit shared to them alone?
4. If profit sharing is based on performance scorecard, who scores the GMD who no doubt will receive several millions of naira?
5. Why were staff advised not to view accounts of others just hours before disbursement. You don't want to create bad blood I suppose?
6. You threaten staff regular over poor performance and at the close of year fail to motivate them with your selective rewards?
7. By top 30% you mean Peter could receive a share of the profit while Paul with same score receives nothing?
Dear FBN this is gross daylight cheating of your staff who worked tirelessly to generate the profit which a few are enjoying now.

aris:
Early 4th July 2019, the top 30% of FBN staff received bonuses ranging from several hundreds of thousands to millions of naira depending on grade level in the name of profit sharing. Unfortunately a whooping 70% of its staff were left out in this annual largesse bounty. My question is:
1. How do you share profit to only top 30% of your workforce ignoring 70%?
2. Did the top 30% work in isolation of the 70% not rewarded?
3. Taking away the 70% unrewarded staff can the top 30% generate the profit shared to them alone?
4. If profit sharing is based on performance scorecard, who scores the GMD who no doubt will receive several millions of naira?
5. Why were staff advised not to view accounts of others just hours before disbursement. You don't want to create bad blood I suppose?
6. You threaten staff regular over poor performance and at the close of year fail to motivate them with your selective rewards?
7. By top 30% you mean Peter could receive a share of the profit while Paul with same score receives nothing?
Dear FBN this is gross daylight cheating of your staff who worked tirelessly to generate the profit which a few are enjoying now.

It is not just first bank but it happens in wema bank too. Some staffs especially.full staffs will get 500 000 and above while others in the same business development unit gets nothing. And they do the job together. Some contract staffs are lucky to get 50k. I think the issue is that there is discrimination.between full staffs and contract.staffs. if you check, all those that were rewarded in first bank are full time employees.

Generaloluseye:


if you check, all those that were rewarded in first bank are full time employees.

Definitely not. In some branches just one staff got rewarded making me wonder if just that staff or a few others can get the job done

It's not just first bank alone, it happens virtually in all Nigerian banks. You see; this is one of the reasons why this country can't move forward. We take advantage of every slight opportunity to exploit each other. Greed is our major problem...this is a profit that all the staffs(including contract) worked for; they all contributed to the income. They preach about team work when they need results, but when it's time to enjoy the benefit of the profit, they sideline some staffs and then share it among themselves. These are Nigerian banks managed by Nigerians and not foreigners and yet we treat ourselves like shit. Put an average Nigerian in the position of power he'll definitely do the same it's in our blood.

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