By Modupe Gbadeyanka

**Promotes 5,000, Recruits 4,000

The management of United Bank for Africa (UBA) Plc has approved salary upgrades for its employees with immediate effect this January.

A statement issued by the financial institution stated that beneficiaries of this exercise, over 5,000, will receive up to 170 percent increase in their salaries and benefits, whilst a good number have been moved to higher grade levels.

The Group Managing Director/Chief Executive Officer of UBA, Mr Kennedy Uzoka, who announced the bank’s new staff improvement initiatives to the excited employees, noted that the bank was continually seeking new ways to improve the fortunes of its staff as they are the backbone of the organisation.

“As a leading financial institution, we do not take issues relating to our staff lightly. We take great pride in being a listening bank that has the ears of our employees as they turn the wheels which make the organisation successful for our customers and shareholders. UBA recruits highly talented staff who perform at the best standards and deserve to be remunerated accordingly,” Mr Uzoka said in a bank-wide live broadcast to workers of the organisation.

In a carefully planned restructuring embarked upon by the bank in the last quarter of 2019, UBA has transformed its grading system and processes to become one of the most competitive within the industry.

The bank crashed its grade levels to 12 levels from entry level to the top of the pyramid, where previously it had been 16 levels.

This means that staff will now find it much easier to attain top leadership management positions at UBA as their careers progress much faster.

It further recruited over 4000 new staff members, who resumed in the last week of December 2019, becoming the highest employer of labour amongst Nigerian banks with a staff strength of close to 20,000.

“We have also taken steps to ensure that our bank remains at the top tier as it relates to talent pool. We want to train the best and we have crashed the grade structure to make it easier and faster for our employees to progress along their careers.

“With this new grade structure, it will be possible for a new graduate employed at UBA to rapidly chart their own careers and become GMD by the age of 36,” the GMD/CEO further said in the broadcast.

UBA is one of Africa’s leading banks with operations in 20 African countries. The bank also has presence in the global financial centres of London, New York and Paris. UBA provides banking services to more than 17 million customers globally, through diverse channels.

https://businesspost.ng/jobs/excitement-as-uba-increases-staff-salaries-by-170/

Kudos

Beautiful...way to go UBA...

These guys are smart. They're using this news to cover up the massive retrenchment(sacking) of their staff which they started yesterday. It is well.

Veyk:
These guys are smart. They're using this news to cover up the massive retrenchment(sacking) of their staff which they started yesterday. It is well.

The matter tire me.

Banking industry is a serious scam, they sack you just as you are about to retire to avoid paying pension, and they threaten to reduce your salary or retrench you if your promotion to a major position is due
Wicked human beings

Hmm

Hmm...
Increase salaries to 170%? I smell a rat.

obi4eze:
Hmm...
Increase salaries to 170%? I smell a rat.

Probably only BASIC got 170% increment.
It definitely isn't gross

Veyk:
These guys are smart. They're using this news to cover up the massive retrenchment(sacking) of their staff which they started yesterday. It is well.

Exactly, it's well

I sympathise with those that were advised to resign. Even though I still dey haunt for job.. I just imagine what'd be going through their heads and that of their immediate family members.

May God help us.

Ahmed0336:

The matter tire me.

It's very serious.

obi4eze:
Hmm...
Increase salaries to 170%? I smell a rat.

Better smell a fish ooo

Scam of the new decade....I can bet my balls they must have sacked more than the figures they promoted.....banking is too sugar coated honestly

I need a job in uba urgently. Who can help me please?

UBA that just yesterday laid off many of their workers.
Such a shame of an institution, such hypocrisy!

God help all affected persons.

DrObum:
UBA that just yesterday laid off many of their workers.
Such a shame of an institution, such hypocrisy!

God help all affected persons.

saw a topic on that in this forum but it's currently removed or hidden.

Veyk:
These guys are smart. They're using this news to cover up the massive retrenchment(sacking) of their staff which they started yesterday. It is well.

They are doing damage control. And our so called journalists are part of it.

Well sha, na business

They won't mention that they have sacked too....... No wonder they employed bank tellers massively during November and December through different vendor companies.......i was part of the new bank teller recruits but I resigned two weeks ago to take up a better position at first bank..... ..but yesterday I heard that in my former branch, 3 persons were sacked. ....And it's nationwide sacking....... ..i feel for them

You see..., Am very happy for them o

https://start-online-stock-trading..com/?m=1

Damfostopper:
They won't mention that they have sacked too....... No wonder they employed bank tellers massively during November and December through different vendor companies.......i was part of the new bank teller recruits but I resigned two weeks ago to take up a better position at first bank..... ..but yesterday I heard that in my former branch, 3 persons were sacked. ....And it's nationwide sacking....... ..i feel for them

i sent u a dm bro

Their customer care and their Banking services is still shit ....

Are you for real...

Veyk:
These guys are smart. They're using this news to cover up the massive retrenchment(sacking) of their staff which they started yesterday. It is well.

however, good development

Jodha:
Their customer care and their Banking services is still shit ....

Aswr oo, their banking service is the shittest.

Veyk:
These guys are smart. They're using this news to cover up the massive retrenchment(sacking) of their staff which they started yesterday. It is well.

yeah, a friend at Asaba branch said all the tellers were sacked yesterday and two members of staff were also sacked. they felt really bad for them.

Damfostopper:
They won't mention that they have sacked too....... No wonder they employed bank tellers massively during November and December through different vendor companies.......i was part of the new bank teller recruits but I resigned two weeks ago to take up a better position at first bank.... ..but yesterday I heard that in my former branch, 3 persons were sacked. ....And it's nationwide sacking....... ..i feel for them

banks are scamers

tbabs10166:
i sent u a dm bro

my mail ain't working

Nicklaus619:
Banking industry is a serious scam, they sack you just as you are about to retire to avoid paying pension, and they threaten to reduce your salary or retrench you if your promotion to a major position is due
Wicked human beings

Pension cannot be the reason because every staff pension account is being credited every month.

DivineKayy:

Pension cannot be the reason because every staff pension account is being credited every month.

I have people that have worked in this sectors for long, and believe me it's only the few fortunate ones. Are allowed to retire and paid. Pension

Nicklaus619:


I have people that have worked in this sectors for long, and believe me it's only the few fortunate ones. Are allowed to retire and paid. Pension

Perhaps they lied to you, every staff core and non-core have some amount of money been credited to their pension account monthly... They always receive alert so no "wayo wayo". Read this for more info>>>
https://www.pencom.gov.ng/pension-reform-act-2014/