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Dismissed Staff Were Adequately Compensated – Heritage Bank - Career - Nairaland

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Dismissed Staff Were Adequately Compensated – Heritage Bank by Ekiti360(m): 12:16pm On Jan 17, 2017
Heritage Bank Plc says it is true that it is restructuring its workforce, but it is also “adequately compensating” affected members of staff.

The bank, which sacked 400 members of staff in December 2016, said this was done “as part of efforts geared towards greater efficiency and resource optimization, in line with its growth and industry innovative agenda”.

In a statement by signed by Fela Ibidapo, its spokesperson, the bank said: “The restructuring processes was to up scale the institution’s activities in the strategic sectors of the economy as well as concentrating on and deploying its expertise and competences to specific business areas where it enjoys comparative business advantage.”

It hinted that the recent restructuring came after it reviewed senior staff bench strength and industry standards, and realigned certain roles bank-wide.

It also said it elevated some members of its workforce with higher responsibilities, which is in line with its ongoing determination to re-position.

“The vibrant workforce will enable the bank achieve its vision of being the Nigerian most innovative banking of choice in service delivery, superior returns to its various stakeholders and as well contribute to the growth of the nation’s economy,” Heritabe Bank said.

“This position is buttressed by the fact that the bank is well-known for supporting small businesses, which is another way of bringing as many small businesses as possible together in a bid to add value to MSME sector of the economy.”

It said it had “deliberately focused on the SME segment in a bid to create a fresh set of vibrant entrepreneurs that will create jobs and distribute wealth in the Nigerian economy because of recent statistics, which indicate high unemployment among the youths that make up a large percentage of the population”.

One of its initiatives in the MSME sector is its partnership with the Central Bank of Nigeria (CBN) and the National Youth Service Corps (NYSC) under the N3billion CBN Youth Innovative Entrepreneurship Development Programme (YIEDP), which is targeted at youth, particularly current National Youth Service Corps members and those within five years of post-service exit.

The bank also launched a N500 million Young Entrepreneurs and Students (YES) Grant in Lagos. The initiative, which is in partnership with the Nigerian Youth Professional Forum (NYPF), will “support students and young entrepreneurs toward socio-economic freedom”.

http://www.kikiotolu.com/2017/01/mass-sack-dismissed-staff-were.html
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by maxwell767(m): 1:11pm On Jan 17, 2017
Wait
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by Lanre4uonly(m): 3:14pm On Jan 17, 2017
It is good if the members of staff that were dismissed due to the bank's restructuring were truly and adequately compensated for their service to the bank but if not, that will be a bad business ethics on the part of the bank.
Anyway, all the best to the affected members of staff.

3 Likes

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by wunmi590(m): 3:43pm On Jan 17, 2017
Where they given close to 30million?

If no then call them back
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by Adesiji77: 7:44pm On Jan 17, 2017
Issokay

cc: lalasticlala, dominique, davide470
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by HVACSpecialist: 7:53pm On Jan 17, 2017
l have a challenge with all these 'adequately compensated' anthems of companies' managements after abruptly terminating employees appointments.Well, this is a reality all employees must face especially if your job is not in the 'scarce skilled' hood.

7 Likes

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by 9jayes: 8:55pm On Jan 17, 2017
Adesiji77:
Issokay
cc: lalasticlala, dominique, davide470
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by whisper88(m): 8:55pm On Jan 17, 2017
T
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by adewumiopeyemi(m): 8:56pm On Jan 17, 2017
In this harsh economy hw much do u think will be enough for them$ no matter. What they will stil spend the money finsh. Which way Nigeria

3 Likes

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by Godprotectigbo2(f): 8:56pm On Jan 17, 2017
grin grin grin grin story for the gods
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by helphelp: 8:57pm On Jan 17, 2017
Na lie
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by Vanpascore(m): 8:57pm On Jan 17, 2017
Which kind compesatn Nigeria problems on the increase.
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by kamez(m): 8:58pm On Jan 17, 2017
all this long grammar??
just for ur sacked staff
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by puregrace(m): 9:00pm On Jan 17, 2017
Under buhari things are getting worse day by day

7 Likes 1 Share

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by trueconscience(m): 9:01pm On Jan 17, 2017
Hahahahaha this can not but be a serious big lie!
Isn't Heritage Bank former Enterprise Bank?

Enterprise Bank gladly denied their staff severance/payoff benefits during the conversion of Spring Bank to Enterprise Bank and those who protested were placed on indefinite suspension.

The same thing applied to their outsourced staff. Those of them who were perceived as threats to the Bank for demanding their Payoff/ Transfer of Service payment were strategically laid off and now, they talk of adequately compensated! Hahahahaha big joke!

3 Likes

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by venorite(m): 9:02pm On Jan 17, 2017
They just ended up advertising the bank..naija which way
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by LifeofAirforce1: 9:04pm On Jan 17, 2017
Na so Una dey talk
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by idupaul: 9:04pm On Jan 17, 2017
So two months salary is now adequate compensation

1 Like 1 Share

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by abike12(f): 9:09pm On Jan 17, 2017
hmmm
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by abike12(f): 9:10pm On Jan 17, 2017
idupaul:
So two months salary is now adequate compensation
Can you imagine sad
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by Nobody: 9:10pm On Jan 17, 2017
trueconscience:
Hahahahaha this can not but be a serious big lie!
Isn't Heritage Bank former Enterprise Bank?

Enterprise Bank gladly denied their staff severance/payoff benefits during the conversion of Spring Bank to Enterprise Bank and those who protested were placed on indefinite suspension.

The same thing applied to their outsourced staff. Those of them who were perceived as threats to the Bank for demanding their Payoff/ Transfer of Service payment were strategically laid off and now, they talk of adequately compensated! Hahahahaha big joke!

The joke is on you bro...

Heritage bank isn't former enterprise Bank, heritage bank bought over enterprise Bank, same way eko bank bought oceanic and Skye bank bought mainstreet, ... Heritage bank was formerly societe general bank, ... It's so easy to just google things out and get answer, rather than say nonsense then go back to check if you're correct

2 Likes

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by 5starmilitant: 9:12pm On Jan 17, 2017
When I see news like this, what I want to hear is Payoff. Not Compensation.
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by tollytexy(m): 9:14pm On Jan 17, 2017
Booked
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by awa(m): 9:16pm On Jan 17, 2017
With how much self wey una no go allow person hear word?
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by henrydadon(m): 9:19pm On Jan 17, 2017
who know them any way? undecided
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by SexyNairalander: 9:19pm On Jan 17, 2017
booked
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by Damfostopper(m): 9:21pm On Jan 17, 2017
MMM Colour = Green and white
Heritage Bank Colour = Green and white
Nigeria's Flag Colour = Green and white
....And guess what...
All of them Are in trouble!....i guess that's a sign to run away from anything green


heritage and Keystone na bank?

2 Likes 1 Share

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by NwaNimo1(m): 9:23pm On Jan 17, 2017
Inflation do scatter 'adequately'....

Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by sammytwain(m): 9:31pm On Jan 17, 2017
Interesting...













But sadly enough,I don't give a fvck
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by sammytwain(m): 9:41pm On Jan 17, 2017
Damfostopper:
MMM Colour = Green and white
Heritage Bank Colour = Green and white
Nigeria's Flag Colour = Green and white
....And guess what...
All of them Are in trouble!....i guess that's a sign to run away from anything green


heritage and Keystone na bank?

Can't stop laughing bro
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by aspirebig: 10:11pm On Jan 17, 2017
Adequately is very relative, what is adequate for you may not be adequate for someone else.
Re: Dismissed Staff Were Adequately Compensated – Heritage Bank by AmeboGist: 10:21pm On Jan 17, 2017
Let me weigh into this Heritage Bank news with authentic information. I think one of the major issues that Heritage Bank has had in the past is the lack of communication when bad press begins to start, but i like this Fela Ibidapo administration, more grease to his elbows....

Now to the matter at hand, Heritage Bank laid off staff and this lay off was done late last year. all the legacy Heritage Bank senior staff and close to retirement age staff of the acquired Enterprise Bank were asked to go and their compensation started from 1YEAR BASIC SALARY (WITHOUT TAX), 1YEAR HMO COVERED PLAN FOR THE AFFECTED STAFF AND THIER FAMILIES, writing off of the existing staff loans just to name a few.

Majority of the affected staff especially those from the Acquired Enterprise Bank staff had at most 1year till retirement and 98% had trained their kids through school with most of them working in good organizations, and only a few junior staff were affected and these staff had existing disciplinary cases against them.



Ekiti360:
Heritage Bank Plc says it is true that it is restructuring its workforce, but it is also “adequately compensating” affected members of staff.

The bank, which sacked 400 members of staff in December 2016, said this was done “as part of efforts geared towards greater efficiency and resource optimization, in line with its growth and industry innovative agenda”.

In a statement by signed by Fela Ibidapo, its spokesperson, the bank said: “The restructuring processes was to up scale the institution’s activities in the strategic sectors of the economy as well as concentrating on and deploying its expertise and competences to specific business areas where it enjoys comparative business advantage.”

It hinted that the recent restructuring came after it reviewed senior staff bench strength and industry standards, and realigned certain roles bank-wide.

It also said it elevated some members of its workforce with higher responsibilities, which is in line with its ongoing determination to re-position.

“The vibrant workforce will enable the bank achieve its vision of being the Nigerian most innovative banking of choice in service delivery, superior returns to its various stakeholders and as well contribute to the growth of the nation’s economy,” Heritabe Bank said.

“This position is buttressed by the fact that the bank is well-known for supporting small businesses, which is another way of bringing as many small businesses as possible together in a bid to add value to MSME sector of the economy.”

It said it had “deliberately focused on the SME segment in a bid to create a fresh set of vibrant entrepreneurs that will create jobs and distribute wealth in the Nigerian economy because of recent statistics, which indicate high unemployment among the youths that make up a large percentage of the population”.

One of its initiatives in the MSME sector is its partnership with the Central Bank of Nigeria (CBN) and the National Youth Service Corps (NYSC) under the N3billion CBN Youth Innovative Entrepreneurship Development Programme (YIEDP), which is targeted at youth, particularly current National Youth Service Corps members and those within five years of post-service exit.

The bank also launched a N500 million Young Entrepreneurs and Students (YES) Grant in Lagos. The initiative, which is in partnership with the Nigerian Youth Professional Forum (NYPF), will “support students and young entrepreneurs toward socio-economic freedom”.

http://www.kikiotolu.com/2017/01/mass-sack-dismissed-staff-were.html

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