Not only low level

Oga OP... Before you conclude, you could have done some research.... Those big shot, in some banks are the business drivers..... Though it seems like they don't do any when you walk into their office. But alot is in their head. I know of a senior manager who is a branch head of a new generation bank. He has a personal target of 100mil monthly and a branch target of 200mil.... He has to achieve that in other to solidify his stay in the bank. It's not all that easy for them. Believe me, if you are a junior staff and you introduce a good business to the bank, no body will want to terminate your job, that's if you were not promoted.... Truth be told, the bank spends a whole lot of money on the senior managers, but they pay back in one way or the other.

alabiman:


Im not talking about junior or senior staff. I mean the top echelon of the banks. For example, skyebank downsize in June this year how many top executive were affected when in actual fact, they nearly run that bank down if not for the quick intervention of the CBN. What im saying is more often than not, staff outside management cadre are often made to pay the price even when it is glaring that management has made and implemented a policy that backfire.

The top management staffs makes the decisions,will u bring out policies that will affect u negatively? That is the truth

Funny question.

It is because those top guns are the ones doing the downsizing. It is their job to keep business profitable and it is a lot of responsibility. It is unfair but would you downsize yourself in their position?

eph12:
Not only junior staff. And if you think they don't do anything you're wrong. Those guys have a lot of work to do.

Give us some examples of the hard work they do please.

eph12:

For those guys to be retained don't you think there's something they have going for them? Maybe they brought a top client to the bank?

I doubt it, Nigerian banks still run like the political class.

who do u think decides staff to retain and staff to let go? Would you have decided against yourself if you a BM, GM, or ED?

blueseacats:
Give us some examples of the hard work they do please.

Banks or Senior managers generally?

Experience..

It's easier and cheaper to replace a low level staff than a management staff.

Rich4god:
Oga OP... Before you conclude, you could have done some research.... Those big shot, in some banks are the business drivers..... Though it seems like they don't do any when you walk into their office. But alot is in their head. I know of a senior manager who is a branch head of a new generation bank. He has a personal target of 100mil monthly and a branch target of 200mil.... He has to achieve that in other to solidify his stay in the bank. It's not all that easy for them. Believe me, if you are a junior staff and you introduce a good business to the bank, no body will want to terminate your job, that's if you were not promoted.... Truth be told, the bank spends a whole lot of money on the senior managers, but they pay back in one way or the other.

Thanks for this. I don't know how people believe that banks just feel like throwing money away. The things those guys have to do to bring in business to the bank you'd be surprised. Was it not one that was kneeling down before Fayose?

wheredemdey:
Myopic Nigerian

You are comparing a GM or ED that the bank have invested alot... Do you know the amount of investment a company invests in a GM?.... Trainings abroad... Vast knowledge of banks products.... Networking contacts etc... And you dare compare them to a mere hnd/ond holder....you invest millions on an individual and sack him and?? You are not a serious person walahi

Moreover how many GM are in a bank set?... Max of 11...those guys have paid their dues

Those 'mere hnd/ond holders' don't wreck banks; GMs and EDs do.

If the bank have invested a lot on them, why can't they reciprocate instead of making wrong judgement, taking uncalculated risk and practicing bad corporate governance and credits origination and administration that put the bank in dire strait. Those are the ones the Board should fire first not the rank and file.

Retaining those top management while retrenching minions means the situation will not be remedied and the cycle continues e.g. Unity Bank.

Ecobank sacked top management staff. Sacked AGMs, GMs, SMs. If you are not productive then you have to go.

I remember when I worked in a bank and sat in on some of these performance appraisals. You will see people that have worked for years without promotion because they were not meeting targets. Some don't even bring in their total cost at the year end. Should they still be kept? When they are sacked, they will start to say that they worked for years and were terminated just like that. Have you ever heard anyone that said they were sacked for being unproductive?

2n2k:


Those 'mere hnd/ond holders' don't wreck banks; GMs and EDs do.

If the bank have invested a lot on them, why can't they reciprocate instead of making wrong judgement, taking uncalculated risk and practicing bad corporate governance and credits origination and administration that put the bank in dire strait. Those are the ones the Board should fire first not the rank and file.

Retaining those top management while retrenching minions means the situation will not be remedied and the cycle continues e.g. Unity Bank.

Valid points..... But technology have made some of those low cadre staff redundant.

Suntrust bank recently opened up and they have no need for so many low staff... They are strictly technology driven.
The low level cashier, tellers and others in branches are being phased out...
Moreover banks invest alot on top management staff... I know the kind of training my boss have gone for including Harvard leadership training course... Lagos business school training... Etc... Nobody throws away such staff after spending so much... It's not possible... Infact my bank gets you to sign an agreement before embarking on such courses....

Life is not fair man... We just have to deal with it...

eph12:

You work in a bank?


I was referring to the general perception that senior level staff don't do much in organisations. That's wrong. The amount of paper work they deal with in a week is high. Planning, budgeting, administrating among others. You don't know until you get to that position.

My brother you have to be in Management to understand what being executive management entails. Thank you for that input. Without an effective management team, the millions of junior staff would not even have a clue of how to manage their day to day job function let alone knowing articulating and deploying to the strategic direction of the company.

Junior staff work is mostly routine and directed, at the management level it strategic and supervisory.

XX01:
Ecobank sacked top management staff. Sacked AGMs, GMs, SMs. If you are not productive then you have to go.

I remember when I worked in a bank and sat in on some of these performance appraisals. You will see people that have worked for years without promotion because they were not meeting targets. Some don't even bring in their total cost at the year end. Should they still be kept? When they are sacked, they will start to say that they worked for years and were terminated just like that. Have you ever heard anyone that said they were sacked for being unproductive?

Thumbs up.well said

The lower ur value the dispensable u r.

wheredemdey:


That you worked with a lazy docile unproductive AM is no guarantee for you to classify all senior guys as lazy

I worked with a GM.. And the earliest we close was 11pm... So many deadlines... So many reports... So many performance meetings... Mpr with top management... See there is no GM and above that closes later than 10pm daily.... Moreover the bank always invest heavily on them... Trainings... Courses.. Retreats etc..... ...stop saying what you don't know.

You want to compare a GM and an ond/hnd staff that all he does is use finacle to count and post money... When they hardly use their brain and never develope theirselves academically after getting the job

That u worked with a workaholic GM does not make every GM workaholic...

Secondly, the thread never referred to GM's but Ogas at the top..

Have u asked ursef why is it that HQ has more "oga's at the top" than the branches that do the work

I don't dispute that there are Oga's at the top that re workaholic but most re over hyped nd really don't do much..

I know a GM who started his sallah break on Thursday last week while others were in office nd this same GM is fond of sleeping on duty, he leaves office late aswell...

Not all banks. For example, First Bank sacked mostly top Managerial Post few months back. With the statement their positions are irrelevant and their pay was huge which they cant keep up with.

Source? From a close insider. So say what you know and stop generalizing

hardbody:


My brother you have to be in Management to understand what being executive management entails. Thank you for that input. Without an effective management team, the millions of junior staff would not even have a clue of how to manage their day to day job function let alone knowing articulating and deploying to the strategic direction of the company.

Junior staff work is mostly routine and directed, at the management level it strategic and supervisory.

Very true. Most junior staff just believe they are doing all the work. I hope they get promoted soon so they know that human management is the hardest aspect of an organisation.

alabiman:
I read with amazement the story of downsizing/retrenchment of unity Bank staff yesterday. While it is true that the economy is in comatose. I keep wondering why is it the hard working lower cadre of staff that have to be sacrifice and suffer for the sin they never commited?
In all the banks downsizing exercise that we have witnessed so far,why is it that no staff in GM cadre or principal officers is being affected?
Are we saying that these category of bank's staff are immuned to downsizing. It is a fact that the major cost of any bank are on these category of staff. Imagine a GM earning as much as 3-4m per month apart from other fringe benefits.In some banks, a GM salary can comfortably pay a whole branch staff salary.
I used to know of a bank ED that all she does was to share joke a joke on mail to all staff everyday

But the bank ED is no more in the system abi....

wat bank is that, i can guess probably.

This is how it works!

eph12:

Banks or Senior managers generally?

Senior managers generally.

Rich4god:
Oga OP... Before you conclude, you could have done some research.... Those big shot, in some banks are the business drivers..... Though it seems like they don't do any when you walk into their office. But alot is in their head. I know of a senior manager who is a branch head of a new generation bank. He has a personal target of 100mil monthly and a branch target of 200mil.... He has to achieve that in other to solidify his stay in the bank. It's not all that easy for them. Believe me, if you are a junior staff and you introduce a good business to the bank, no body will want to terminate your job, that's if you were not promoted.... Truth be told, the bank spends a whole lot of money on the senior managers, but they pay back in one way or the other.

A branch head with branch target of 200 million only? That must be a micro finance bank?

blueseacats:
Senior managers generally.

That's a very wrong assumption bro. Very wrong. I worked in a management capacity in a company before I resigned to handle my own business. I am telling you it can be brain draining. You have a target to meet, on a budget and at the same time looking out for competitors. You plan and if your plan goes wrong halfway you redesign it just so you stay ahead of your competition and don't lose customers. You feel they just sit down in front of the computer doing nothing right? Lol

NotGej:


A branch head with branch target of 200 million only? That must be a micro finance bank?

So, U don't knw dat most of the senior managers target are scaled in profit and not in value.....

His branch is in a very good location in Lagos.... So, d branch makes more than that on monthly basis.

NotGej:


A branch head with branch target of 200 million only? That must be a micro finance bank?

My brother I shouted when I saw that... That was a youth corps' target in my branch then. The fact is most guys at the top have paid their dues, rising through the ranks and if you say they are flexing now, oh well, "most" of them earned it.

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alabiman:
In true sense.banks businesses are being driven by the lower cadre (branch managers downword). The bankers here will understand what i mean.
There should be a legislation in place that should make it mandatory that any downsizing in banks should cut across board.

if they're so important why don't they leave and go and form their own bank? Higher ups responsible for most productivity that's why they get paid the big bucks

alabiman:
I read with amazement the story of downsizing/retrenchment of unity Bank staff yesterday. While it is true that the economy is in comatose. I keep wondering why is it the hard working lower cadre of staff that have to be sacrifice and suffer for the sin they never commited?
In all the banks downsizing exercise that we have witnessed so far,why is it that no staff in GM cadre or principal officers is being affected?
Are we saying that these category of bank's staff are immuned to downsizing. It is a fact that the major cost of any bank are on these category of staff. Imagine a GM earning as much as 3-4m per month apart from other fringe benefits.In some banks, a GM salary can comfortably pay a whole branch staff salary.
I used to know of a bank ED that all she does was to share joke a joke on mail to all staff everyday

do you work in bank?