Zenith Bank Staff Salary Controversy

i see some damage control is now been put in place.
the nigerian working enviroment does not favour the employee,so if u think u can move from one company to another ,u are going to get the shocker of your life.everybody is just suffering and smiling.

so zenith bank peeps,u gotta work for the PB.cheers.

I actually am . . . .most times  lol !

@konye, sorry didnt mean to call you stupid i appologies for that. now that we are sure you are ok iam really glad about that. so whats your next step? resigning or to take on the challenge and try to meet the target? and whats the staff moral like in your bank?

ZENITH BANK IN 24 MONTH MESS WITH T24

Zenith Bank as at last month was in a state of great disorder due to failure in their system upgrade. News has it that the Information & Technology team at Zenith sent emails to customers on the 28 November, 2007 assuring an upgrade to the T24 banking system from Temenos, whose implementation had since 24months been in a deplorable state at the bank.

There was pandemonium in the banking halls as the new software was not debiting accounts as at first week of December. The Emirates airline which Zenith services, was thrown into a state of intense desperation and a rival bank has moved very quickly to Dubai to take over the business. To worsen the already bad situation, T24 which claims that it has no end-of-day processing runs end of day for four or more hours. Arik was also having problems with them.

Our sources had it that Zenith switched back to the Phoenix Banking System on Monday 10th December, which it had implemented in 1999 after only four months attempt and which had remained unwavering.
                                                                                                                                                           
Stakeholders are having difficulty understanding how Zenith with its hundreds of IT staff could not pull this much glorified technology through in over two years.

A confirmatory statement from Zenith staff has it that the reversion to Phoenix is to dodge trying something new while the IPO is on. But the IPO was already on before 3rd December when the T24 cutover was tried unsuccessfully. This is a case of escaping bad publicity and doubtful speculations about decision making at Zenith.

T24 had been selected after a ‘thorough’ evaluation involving Equinox from Neptune, Flexcube from Iflex, and Finnacle from Infosys. At the period of selection, T24 was alleged to be the most technically advanced banking system available, which makes the other evaluated systems look like labor-intensive systems. As it now turned out, over blown image and sensation of being a first user of a new software played a part in the evaluation with a high ranking IT staff telling our source that T24 is a monster.

As promised. I have pasted below the information as sent to me by one of the staffers. I believe the last is yet to be heard about the debacle in zenith bank.

This is the Part One. Part Two follows immediately.
Dear JO,
It's with great grief of heart that I decided to send this mail to you on the behalf of a host of others who are been oppressed and suppressed in the system. Unfortunately though, none has been able to voice out the emotion that's been bottled up over the years. The few (management team) that should be responsible to stand out for the numerous will not fight for the cause of the common man so far their interests are adequately covered.
I have decided to highlight the following issues because it cut across the entire system which is currently facing an imminent wave of collapse (if not curtailed). The well-being and interest of individuals are being traded on the platform of self-gain and advancement at the expense of thousands who are making things happen.
Promotion:
It's only in our system that rewards are not based on effort any longer but on eye-service. The recent list that was released buttressed this point. It has become a phenomenon where "monkeys dey work, baboon dey chop".
Where is the integrity of management that cannot keep to its words. Few months ago, a memo was circulated that reflect a change in the entire structure. But what do we have today, the same words have been eaten up. I pity the individuals whose hopes were dashed in this exercise. I look with disdain at the caliber of people that were moved to the cadre of manager and only few merit it.  I won't mention names but of course it is well known to the entire system.
If others will not come out to challenge this  negative trend, I decided of my own accord after a few deliberations with a caucus to take the bull by the horns. I am not a prophet of doom but I see a situation that will ultimately affect the profile of the organisation.
The perception of the market is that our salaries are the best. This is very wrong because of the deceitful package which include bonus and housing allowances. Other banks pay better and the light is out and already moves are on. The entire productivity bonus should be removed from the package.

Appraisal
There should be a uniform standard to measure performance. In a situation where preference is given to one arm than the other(s), you don't expect to have equity and fairplay.

Risk and Insurance
On a daily basis, individuals are exposed to countless harm without an insurance policy in place. People have died while in the line of duty and there's no remembrance of them again. This brings to bear the recent collapse of one of our buildings. Even though it was suppressed from the view of the public, the truth must be spoken. If not for divine intervention, only God knows how many individuals would have been buried without any just cause. And this is because of the level of corruption in the system being perpetrated by the so-called property department. I want to make it clear here that due-process and diligence is what is required to ensure that contractors deliver as and when due and to the extent that lives will not be endangered.
Management should put in place insurance policy to cover the health, risk, hazards and other dangers that the employees are faced with while in the line of duty.

Medical
No doubt that we have retainerships with viable hospitals but medical allowance shlould be reviewed and unused ones should be 100% refunded. It's of note also by one of the hospitals that 80% of patients with HBP are employees of our great organization.

In conclusion, a drastic action needs to be taken to correct the trend that's gradually eating into the system. I forsee a situation where accomplishments will be a reference in history classes. We took it upon ourselves to voice out on the behalf of countless others who are being repressed in the system. Let the psycophants go to sleep. Time is up!

THE PROPHET
Watch out for Part 2!


And here's the Part Two (2)
Dear Sir,

It's still with a great grief of heart that I wrote these few lines again to you after what seems like a year ago. I wrote
then to pour out the emotion that has been bottled up in the heart of your employees seeking for expression. To my
utter chagrin I understand that our 'all powerful' infotech deleted the mails from domino. And that portray to me the
extent of the illusion in the system. I have for your information attached with this mail the first part of this
prophecy. Here begins the second part.
After careful discussion and deliberation, we(my team) decided to publish this long awaited second part as a result
of the unfolding events in recent times. It has been sounded loud and clear that an imminent wave is in the offering
and this great bank will be hit by it. But God forbid that it will be swept by it. We have reached an enviable height
that takes wisdom, fairness, justice and equity to maintain the height otherwise, the law of diminishing returns will
set in.

EMPLOYEE SURVEY
Our amiable head of HR spearheaded a move of sampling out the opinions of the work-force of this great institution
by requesting that all employees submit their response on an online survey. This is a step in the right direction
because it ought to have been a part of the system from the beginning. We are yet to see the result of this action
because we know that it will bear no fruit. The powers that be will ensure that the result does not see the daylight.
May the effort of this noble woman not be wasted. We strongly believe that the entries submitted are quite objective
and portray the true position of things in zenith bank as of today.

RECENT 'REVIEW'
In as much as management in its magnanimity recently 'reviewed' the take home pay that cannot take the workforce
home as it usually does yearly, the entire staff are highly disgruntled. This is because as of today infact for the last
one year, our great bank that used to delight itself as the 'highest' paying bank in the country has been relegated to
the background because of the selfish tendencies of a few. It's no news that other competition today pays better and
with conducive atmosphere to match. An average zenith staff today is nothing but a slave working to enrich the
pockets of a few 'talibans'. An entry level staff today in some of the competition today earns what a middle level
officer in zenith bank today cannot boast of. What a paradox?

ALERT
As of today, we decide to inform and to warn ahead because of what is about to happen. The turn-over that shall be
experienced in the next couple of weeks will be unimaginable in the history of this organisation and effort must be
made and earlier too, to curtail this by doing what is right and not what you feel is right.

PROMOTION
It's been widely reported that the panel is confused on what next step to take as a result of what is currently happening in the
sector from our strong competition. In the last couple of months, we have witnessed massive resignation from many
of the good hands that we boast of. And these hands are making tremendous impacts in their current pursuit with
the competition. Why?
If the right procedure is in place, there won't be need for panic and secret meetings when promotion period is around
the corner.

WELFARE
It's high time management review the welfare of its members of staff. An average zenith staff hardly sleeps in his /
her house. They are usually the last to leave and the first to come. And in term of profitability we are not better off
than the competition because it's well known that profitability in zenith bank is not as a result of the productivity of
it's work-force. Where's the room for productivity?
The percentage that enjoys the fruit is far less than the percentage that ensure that the fruits keep coming. Other
competitions make life sweeter and better for their workforce by ensuring that adequate incentives are in place for
them. The reverse is the case here. The top 20% are responsible for the oppression of the 80%.

Sir,
These are just a few of the many issues currently plaguing this great insitution. There are advisers and there are
advisers. We believe so strongly that necessary actions will be taking to forestall this holocaust. This mail is
available to a few persons within the organization. We do hope that this will be made available to you and that you
will spare a few time to ponder on them. It must also be pointed out that there's the need to shed unnecessary weights
at the top echleon. They have become liabilities and they lack capacities to drive this organization to the next level.
A word is enough!
THE PROPHET

whiner. your not even a staff. whats your own?

All of should shut up your mouths. You should all be thanking God for giving u this kind of job. Have u taken time to ask your school mate who are working in other sector how much they earn. Those who are more qualified than u and those who spend more time in the office than u people. Some are not been paid for more than 2,3 months and they are not complaining. You are receiving millions in a year and still complaining. Shuru