Zenith Bank Is Exploiting Graduates

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Fire Girl (f)
Zenith Bank Is Exploiting Graduates
« on: March 04, 2008, 04:17 PM »

Recently, i was offered provisional employment by zenith.I am a B.Sc holder from a good university with good qualifications and some years of work experience outside the banking field.
I was so thrilled when i received a call from zenith about my offer letter but you can imagine the shocker i received when i opened the letter.
I was offered N75k per month and 30k per annum for medical.I was told that that is what they r now offering new employees on entry level when i called them.They said it's a new conpany policy and that after a year of "heavy performance" they would then offer me the total package.
There was no total package or anything.Haba,a whole zenith bank?Everyone was shocked.I wonder if there is any one else this happened to.
By the way,I rejected the offer.
Hw long will these banks continue to rip us off?
asaaju omo (m)
Re: Zenith Bank Is Exploiting Graduates
« #1 on: March 04, 2008, 04:48 PM »

I believed you have better job doing that is why you are rejecting the offer, if not, I suggest you accept it and gather the experience needed for better offer in other banks.
mishaelash
Re: Zenith Bank Is Exploiting Graduates
« #2 on: March 04, 2008, 05:10 PM »

do u mean 30k per annum for medical or 300k?dats ridiculous though.
awa
Re: Zenith Bank Is Exploiting Graduates
« #3 on: March 04, 2008, 05:39 PM »

Pls dear,
Continue with your current job and dont get trapped by the big name of Zenith Bank. If it doesnt worth the stress no need going there for Ovia's inconsistent policies. I pray that he will implement well in his Visafone business asap.
Fire Girl (f)
Re: Zenith Bank Is Exploiting Graduates
« #4 on: March 05, 2008, 09:59 AM »

Thks guys for your advise and yes,it was N30k they offered for medical, amazing!Anyway,i've since rejected the offer and moved on.
poeticsoul
Re: Zenith Bank Is Exploiting Graduates
« #5 on: March 05, 2008, 10:10 AM »

dear asaaju omo, its because of people like you that employers keep exploiting their workers. will you settle for less just because you are jobless? why can't you take a stand? stand for what you believe in. employers have no RIGHT TO TREAT EMPLOYEES THE WAY THEY DO IN THIS COUNTRY!!!!!!!overworked, underpaid and with no benefits, can 30,000 cover medicals in this country? these employers live in this our same nigeria and know how expensive things are ,so why the stupids offers.
      Instead of jim ovia to take care of his employees, so that morale and productivity will be high, he is opening branches everywhere, and opening visafone, as if nigeria doesnt have enough mediocre companies already. why wont you offer such a paltry sum of money, afterall he will have to pay new staff in all those gazillion branches, and desperate nigerians like you, wont mind, because a job is better than no job. WHAT IS WRONG WITH YOU PEOPLE'S MENTALITY?HuhHuhHuh?
medidress
Re: Zenith Bank Is Exploiting Graduates
« #6 on: March 05, 2008, 10:26 AM »

I had rather stay in crusader general insurance where i am paid 1.1m per anm,excluding commission than accept that offer because its zenith bank.
lyrica
Re: Zenith Bank Is Exploiting Graduates
« #7 on: March 05, 2008, 12:29 PM »


guys pls for the fact there is a search for jobs doesnt mean we should just settle for anything. You are of value and that is why these orgs will always need you. How much is your value worth.
Dont get intimidated by the big names. zenith can afford to pay better and they can , they should live up to their responsibility.

30k per annum,  what is that Angry
Kenyata (m)
Re: Zenith Bank Is Exploiting Graduates
« #8 on: March 05, 2008, 01:24 PM »

@poeticsoul
Let me start by asking whether you were at Shangisa village where FCMB held their test recently. Were you equally available at Trade Fair when Nigerian Breweries did theirs last Saturday? The truth is many Nigerian graduates are jobless and taking a 'stand' on empty stomach like you admonished is practically impossible and unthinkable. In fact, it is suicidal.
Fire Girl could only turn down the offer because she has something doing which I think pays better than what Zenith offered. It is only in an egalitarian society that such things work not in Nigeria.
Asaaju Omo need not be crucified for offering an objective and Nigerian-like advice. It is Poeticsoul and Firegirl that must be asked pertinent questions on why a job that can be used as stepping stone for greater things should be turned down.
kamsi (f)
Re: Zenith Bank Is Exploiting Graduates
« #9 on: March 05, 2008, 02:45 PM »

hahahaha I LAUGH

when I was not successfull at the inteview stage I taught that all was lost, less than a week I got employed at a job that does not suffocated me.

Doing what I want and not marketing because am forced to.

Thank God, Zenith bank decided to close the door, and he {God}opened the window.
poeticsoul
Re: Zenith Bank Is Exploiting Graduates
« #10 on: March 06, 2008, 08:27 AM »

@kenyata, i laugh!!!!!!!! your last statement is trite and overbandied and thats what is always used to draw people in. you might fall for that, but i aint buying that, "the nigerian way" as you put it is flawed.very flawed. we need to renew our mentality,
Lasun (m)
Re: Zenith Bank Is Exploiting Graduates
« #11 on: March 06, 2008, 09:18 AM »


Let me contribute my to kobos to this discuss

First when you are down and out (jobless) you cannot even think straight.

If you live in this naija my avice to you is take the so called trash of an offer,atleast you will eat and pay your bills,you can then start to look for another offer.You are better equiped because you have experience(which is not garnered in you fathers house).Also the employer should know that you cannot be 100% commited,that is the truth.

However if you've got something else doing,I say throw the trash back to Jim,let him keep his miserable offer.

I believe both ends of the divide make sense,depends on where you are at.

Peace out.
jadeyinka
Re: Zenith Bank Is Exploiting Graduates
« #12 on: March 06, 2008, 10:10 AM »

helo Fire girl,
all i can say about your story is dat you were given the employment by a recruitment agent and not directly by zenith bank and as such they will slash your salary and is the rest that will be offered to you.
Aleobe (f)
Re: Zenith Bank Is Exploiting Graduates
« #13 on: March 06, 2008, 10:57 AM »

Hey girl, you must have a very well paid job to think zenith bank is exploiting
Do you know how many applicants would jump at the offer you got?
I do respect the fact that you have to take your position regarding the issue.
I agree with Kenyatta who said get the experience and move on to better paying banks.
I believe that is true if you want to build a career in banking.besides, there are banks paying less than you were offered.
bee84 (f)
Re: Zenith Bank Is Exploiting Graduates
« #14 on: March 06, 2008, 12:34 PM »

i respect what finegirl did,i served with zenith and i know what their offer is like.however if one wants a career in banking,they should stay with zenith 4 2 or more years,then move to better paying banks where they'll be snapped up immediately.like it or not zenith has a name,any past employee of zenith can go anywhere in the banking industry.
chyzion
Re: Zenith Bank Is Exploiting Graduates
« #15 on: March 06, 2008, 02:09 PM »

Yes, I agree totally with firegirl. Zenith bank is indeed exploiting young graduates. Not all of you will agree with me but that's why there's freedom of speech and reasoning. Whether a recruitment firm helped her or not. That's not the issue. After all, I went through a recruitment firm and there was no slashing of salary. I have resigned and have no regrets at all. At least firegirl saw 75k in her offer letter. What about me? My offer letter read N2.6m per annum which means I should have 196k as my take home package. But did I ever see that? Hell no! Not even for a month. Instead they were talking about a slash and sent us letters saying they'll withhold N1.3m and may pay us based on our "performance". It was termed productivity bonus. Isn't that an outright breech of contract. Or is it because we seem desperate. God know the stress with the job isn't worth the money paid. I was a marketer and you know what i mean. Treking from door to door, looking for accounts as if we're the only bank existing while others are sleeping. And when you dont open any account on a daily basis, you're told your life history. But I'm proud to say my slates are clean and i left with my integrity unmarred. Well, I boldly resigned without any job waiting for me, believing that God who put me there can equally place me in a much better place. Zenith bank for me, was just a stepping stone to another level and an experience, if i may say, but never my desired work place or my last bus stop. I just got another peaceful job barely a month after i resigned. That's God for you and knowing what you want in life. Don't just settle for anything because you feel you dont have a choice. Or else, things will go for you that way. Accordind to my mom, she always tells us " everytime you go to a function and you're asked what you'll drink and you keep saying fanta, the day you'll ask for moet the whole world will cry blue murder." We should learn to set a standard for ourselves and not letting other do that for us. As Nigerian graduates, we know how stressful school was. Then we graduate to come and face "unecessary stress" in places like zenith as far as i'm concerned. Zenith only has the "big" name but come to think of it, are they really staff friendly? Jim Ovia may be the MD of Zenith bank but not of my life. God is the MD/CEO of my destiny. I rest my case.
okhey (m)
Re: Zenith Bank Is Exploiting Graduates
« #16 on: March 06, 2008, 02:32 PM »

i also got zenith bank offer but i turned it down outrightly after going through the offer letter.About half of the amount stated in the offer letter was attached to productivity or performance (productivity bonus).I thank God i turned it down.
taciturn (m)
Re: Zenith Bank Is Exploiting Graduates
« #17 on: March 06, 2008, 02:50 PM »





NA God go save us in this country from the clogs of SLAVE DRIVERS called employers,  ZENITH BANK case na small tin ,
GoldCircle
Re: Zenith Bank Is Exploiting Graduates
« #18 on: March 06, 2008, 03:31 PM »

I really admire you chyzion! you are indeed a daughter of Zion or is it son of Zion? what d hell! I mean, even smaller banks pay better and offer less stress( if theres anything like that). I am not saying all zenith staff should resign oh! Wat I mean is, U should at least set a standard for Urself and draw aline between what is acceptable & what is not! instead of the Agbor man to pay his worker good salaries, he is advertising on CNN and floating visafone! chasing shadows! I bet U, with the way the banking industry is going, he'll wake up on morning to find out that himself and a handfull of employees are the only ones left in that Zenith! it happened to Elumelu! and I am telling you Zenith will be next!

chyzion
Re: Zenith Bank Is Exploiting Graduates
« #19 on: March 06, 2008, 04:18 PM »


Thanks a lot Goldcircle for the complements.
Hope things change for the better for graduates in our country.
We'll get there one day. God bless.
drokiri (m)
Re: Zenith Bank Is Exploiting Graduates
« #20 on: March 07, 2008, 07:32 AM »

I HAVE KNOWN ZENITH BANK TO BE A YEYE BANK.

ALL THEY KNOW TO DO IS PUT ADVERTS ON CNN AN DGIVE THEIR EMPLOYEES PEANUTS
Kenyata (m)
Re: Zenith Bank Is Exploiting Graduates
« #21 on: March 07, 2008, 09:14 AM »

@poeticsoul

WHAT IS WRONG WITH YOU PEOPLE'S MENTALITY??

Injuring our sensibilities in the ordinary course of what should be a healthy discourse is uncalled-for.
Try to advance your points without being unnecessarily aggrieved or aggressive.
delta 1 (m)
Re: Zenith Bank Is Exploiting Graduates
« #22 on: March 07, 2008, 11:58 AM »

this forum allows people share thier grieviances especially when it is not a personal one. so if you are a staff of Zbank, dont use over appraise or supprot your bank,  I am watching you
st nuel
Re: Zenith Bank Is Exploiting Graduates
« #23 on: March 11, 2008, 08:42 AM »

make God dey look dem oooooooooooooooooooo.
coolviv
Re: Zenith Bank Is Exploiting Graduates
« #24 on: March 11, 2008, 02:45 PM »

 :oi have to believe that bad belle is worrying most of d people who have replied this post. zenith is paying N75000 per month and 30k as monthly medical allowance not annual like fire girl said. read your letter again. i got d offer too and this being my first real job with no experience whatever in banking, 75k is not bad at all. and it is just for a year while u're an executive trainee after which u'll be earning N266,000 PER MONTH AS BASIC WITHOUT OTHER ALLOWANCES BEING ADDED. girl, my aunt has worked as a level 16 lagos state civil servant  for 25 years and earns just 80k as salary, i'm just starting and already earning 75k. Well, i guess one man's food is another's poison. its good u refused so that those who need a job can get it, PEACE, ITS A FREE WORLD,  Wink
big father (m)
Re: Zenith Bank Is Exploiting Graduates
« #25 on: March 11, 2008, 03:28 PM »

@coolviv,
Thank God you got the job but i hope you won't have to go for money making ritual in order to meet up with your target ! Smiley
akumbu
Re: Zenith Bank Is Exploiting Graduates
« #26 on: March 11, 2008, 04:16 PM »

For those of you complaining of what employers pay to staff, you have the option of setting up your own company so u can pay your would be staff fat salariies.
secodly, have you considered what you are bringing to the table of your employer? NO, the only thing you are after is what they will pay you, is pple like you that will jump from one job to another comparing who pays better, not even where you will add value to yourselves, but where you will be paid fat salary for doing nothing.
If you want money, why dont u employ yourselves?
T_Man
Re: Zenith Bank Is Exploiting Graduates
« #27 on: March 11, 2008, 04:39 PM »

ah ah,  akumbu, easy why u dey para for people. U are pouring too much vitroil on this issue, your remarks are just superfluous. pple i've read all responses to dis discuss and i think my standpoint sticks wit pple like chyzion who set visionary goals and target 4 themselves. i can understand the desperation of nigerian graduates coz am also part of them but do we really have sell ourselves short just bcoz of bread n butter. 75k is not a paltry amount but does it worth the job responsibilities attached to it. I say a big NO. little patience and perseverance are virtues worth emulating.

Jobs are not just about the pay but also the responsibilities, but a balance must be reached btw both. Coz in this part of the continent, the major motivating factor is money, through which most pple find job satisfaction. And in the present state of the economy, i don't think anybody will be satisfied with 75k per month working 12 to 12 inorder to meet some fictitious targets.

I rest my case.
D-TWINS (m)
Re: Zenith Bank Is Exploiting Graduates
« #28 on: March 11, 2008, 05:11 PM »

wel this is actually my 1st post on this online forum but trust me u guys have benn doing a great job with all the numerous treads and posts.

Now to the matter of exploitation, they say half bread is better than chin-chin so experience is paramout and for a fresh graduate it's very important that when u go for an interview u for abetter paying job u should are at least able to sound busy, as in have sometin doin(currently employed) so who ever is interviewing u will no that if u r not given the job u can fall back to wot u have at hand, (even if na NYSC allowy) but if u r unemployed u are most likely goin to be anxious and desparate and u will most likely answer the questions wrongly, but i'm not sayin that if they offer u 15k to work in a bank u should take it oh?but remember a boob in the hand is worth two in abra.(lol) Grin
sharpguy
Re: Zenith Bank Is Exploiting Graduates
« #29 on: March 11, 2008, 05:53 PM »

i find what you say strange, I know a friend of mine who was a driver in my office but now works in zenith and is paid the same amount as you said "fire girl" are you sure it is not  a contract package you got? I have a feeling so. The amount is completely ridculous for an ET at Zenith bank.
tommyex (m)
Re: Zenith Bank Is Exploiting Graduates
« #30 on: March 11, 2008, 08:19 PM »

SHARP
its true oo,Zenith bank will soon lose it,I heard of it too,and thinking that i even participated in their very difficult test some time ago is annoying to me.

I hope intercontinental Bank doesnt join them soon,i suspect that bank Wink
bjibola
Re: Zenith Bank Is Exploiting Graduates
« #31 on: March 11, 2008, 09:28 PM »

Quote from: coolviv on March 11, 2008, 02:45 PM
:oi have to believe that bad belle is worrying most of d people who have replied this post. zenith is paying N75000 per month and 30k as monthly medical allowance not annual like fire girl said. read your letter again. i got d offer too and this being my first real job with no experience whatever in banking, 75k is not bad at all. and it is just for a year while u're an executive trainee after which u'll be earning N266,000 PER MONTH AS BASIC WITHOUT OTHER ALLOWANCES BEING ADDED. girl, my aunt has worked as a level 16 lagos state civil servant  for 25 years and earns just 80k as salary, i'm just starting and already earning 75k. Well, i guess one man's food is another's poison. its good u refused so that those who need a job can get it, PEACE, ITS A FREE WORLD,  Wink

Being following this thread, wasn't going to say anything until i read the above post.
I actually saw the letter, and it read 75k per month and 30k annually for medicals. No bank gives 360k for medicals(figures according to your calculation) for entry level. I just hope you wont be to disappointed when u get your first pay check.
On to the 266K per month basic salary(thats minus allowances),no bank pays 3.2million basic salary(again according to your calculations) to entry level. Some pay that as total package(including allowances), before zenith reviewed the salary(downward, now almost half salary is based on performance) it was paying entry level staff a total package of 2.7million(take home each month was 196k).
I don't know where you got your figures, i have friends that are ea's(Executive Assistants) thats the position you will be in a year from now and they take home 136k monthly. I hope you didn't join zenith for the pay you analyzed cos boy are you going to be disappointed.
Your Aunty that works in the civil service probably hasn't been as stressed up all her working years as you will be in the next 3months.
Am not  making any comment about the pay, to each his own. If thats what butters your bread, fine. Anyone who gets the offer and doesnt like it should not accept it if they dont want to. If you do, well thats your business. You aint forced to do what you dont want to.
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