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What Nigerian Banks Pay Their Workers - Career (9) - Nairaland

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Re: What Nigerian Banks Pay Their Workers by tobnical(m): 10:58pm On Jul 29, 2015
Israel5:
I hear UBA is the least when it comes to good salaries. na around 50-80k. Op, tel us hw far. Ecobank too
that's not true. It pays above zenith bank. Based on what u guys put up here, it's only GTB dat can compete with UBA

1 Like

Re: What Nigerian Banks Pay Their Workers by Konnektions146(m): 11:03pm On Jul 29, 2015
Kachisbarbie:


@dignify me, I am permanently dignified dear. It isn't a function of you replying me or not. smiley
Takia too... while saying things you're sure of.
Does it matter if they split the allowances, paying them individually or summing it up with the basic pay?

Till you see a GTbank pay slip, just ____.

you seems to think you know or have someone in GTBANK
now let me tell you something, if you add up all the pay a GTBANK staff gets in a 12 calender month, the bank is not amongst the first 10 in nigerian bank by pay.

E.g. GTB leave allowance is 10% of their basic pay(an Executive Trainee in GTB collects less than 60K as Leave Allowance) but a bank like first bank pay 10% of Gross(this is well over 200k(i am not sure right, i left a while ago).

GTB Bonus and profit sharing for entry level staff is a joke, most times the profit pay is not up to 70k

This former MD of GTB was the best they will ever have, he died with good working condition in that bank

Meanwhile Diamond Bank pay the highest profit bonus in Nigeria Banking industry

1 Like

Re: What Nigerian Banks Pay Their Workers by Israel5(m): 11:16pm On Jul 29, 2015
tobnical:
that's not true. It pays above zenith bank. Based on what u guys put up here, it's only GTB dat can compete with UBA
i dnt agree o. UBA Staff are the least presentable. Do u work there?
Re: What Nigerian Banks Pay Their Workers by Israel5(m): 11:19pm On Jul 29, 2015
sneak3:


Oga get your facts right before posting false information.. for the records if UBA employ you as a graduate trainee thatv s not based on contract, your take home is 142k..

As far as entry level is concern, UBA is probably the 4th after Diamond. GTBank and Skye.

Just that recruitment in banking takes different forms.. it cld graduate trainee core staff, graduate trainee contract, or ND/NCE recruitment.

whch false info? U shld get me b4 u crucify me. I said i heard nt that i know. Haba!
Re: What Nigerian Banks Pay Their Workers by Israel5(m): 11:20pm On Jul 29, 2015
omoiseselagba:
lies.uba pay bsc 130 before confirmation.at confirmation 162k.ND 63K.ASO 74K.DSO 130K.
ok. Thank you.
Re: What Nigerian Banks Pay Their Workers by Israel5(m): 11:22pm On Jul 29, 2015
smsshola:


Why saying what u av not verified..UBA bank has two range of entries which most bank do...the first entry wh is called GT is 142k while the second entry known as ET is around 165k.

The one u mentioned is for contract wh is better than som contract in other bank...like zenith bank that pay 70k or FMCB that pay 35k.Am an insider so I kno this are facts.
i heard. Shld i shut my ears? Pls, its not ma fault. Thanks for d info tho.
Re: What Nigerian Banks Pay Their Workers by Israel5(m): 11:25pm On Jul 29, 2015
lordkay10:

Sterling Bank is the worst of them all, less than 50k!
i'm talking banks pls not superstores

4 Likes

Re: What Nigerian Banks Pay Their Workers by Israel5(m): 11:27pm On Jul 29, 2015
Mannylex:



As regards the UBA salary, that's a lie. Uba pays higher than that.
noted.
Re: What Nigerian Banks Pay Their Workers by nkemjacob2(m): 12:40am On Jul 30, 2015
i do not agree with dis figures. They dont pay to that extent.
Re: What Nigerian Banks Pay Their Workers by dkby(m): 1:44am On Jul 30, 2015
Ephemmm:


The way you are portraying yourself as if you know much about Zenith more than anybody is astonishing: ask your friend who is claiming he/she is underpaid to present his offer letter, you will no doubt be convinced that he is not a staff of Zenith, though he possesses Zenith's ID Card. Instead, his offer letter carries 'PP+' not Zenith.

In my own assessment, Peoplesplus, just like any outsourcing firm is a separate legal entity incorporated by Zenith Bank's HR, but headed by Consultant to cater for all supporting staff working in Zenith Bank nationwide. It employs OND, HND, and Bsc holders as its staff. It is located inside Zenith Bank, Ajose: the same building at Zenith Head Office. Just like the way Zenith treats its own professional staff, they issue the same ID card to its staff - like Secretaries, CSOs, Note Counters, Security Officers etc

If invited for test/interview, such individual will undergo test/interview in the Zenith Bank, which may give such person an impression that he/she is a real staff of Zenith. But the truth is that such person is not a professional staff of Zenith, but PP+.





You are absolutely correct.

That is the real stuff happening in Zib

1 Like 1 Share

Re: What Nigerian Banks Pay Their Workers by Nobody: 4:34am On Jul 30, 2015
Konnektions146:


you seems to think you know or have someone in GTBANK
now let me tell you something, if you add up all the pay a GTBANK staff gets in a 12 calender month, the bank is not amongst the first 10 in nigerian bank by pay.

E.g. GTB leave allowance is 10% of their basic pay(an Executive Trainee in GTB collects less than 60K as Leave Allowance) but a bank like first bank pay 10% of Gross(this is well over 200k(i am not sure right, i left a while ago).

GTB Bonus and profit sharing for entry level staff is a joke, most times the profit pay is not up to 70k

This former MD of GTB was the best they will ever have, he died with good working condition in that bank

Meanwhile Diamond Bank pay the highest profit bonus in Nigeria Banking industry

Aii.
Are you done, Sir?
Have a nice day... smiley
Re: What Nigerian Banks Pay Their Workers by rildwanullahi(m): 5:16am On Jul 30, 2015
cricifixo:
like i said, my close friend works dia as a contract staff not me so i don't know the outsourcing firm they use
could you help in getting that information
Re: What Nigerian Banks Pay Their Workers by sademola: 5:48am On Jul 30, 2015
otiigba1:
What!? Pocket money! Over here banks cashier get £1200(420,000 naira) to start with and then upwards, depending on position and experience

And taxes and other bills takes about what percentage?

2 Likes

Re: What Nigerian Banks Pay Their Workers by faithbibi(f): 7:21am On Jul 30, 2015
Please, can anyone connect me? Really love to work in a bank.

1 Like

Re: What Nigerian Banks Pay Their Workers by sneak3(m): 7:26am On Jul 30, 2015
Israel5:
whch false info? U shld get me b4 u crucify me. I said i heard nt that i know. Haba!

Ok its not true brother... People with that salary scale u stated in UBA are either folks working wiv ND or BSC contract..
Re: What Nigerian Banks Pay Their Workers by kuulkyd(f): 9:06am On Jul 30, 2015
ETHIX:
Zenith entry level is contract and they are paid 75k
Tank u ooo, fear catch me as I see d amt wey d guy quote.
Re: What Nigerian Banks Pay Their Workers by cricifixo(m): 10:29am On Jul 30, 2015
fidelity doesn't outsource their recruitment, it is conducted in-house at their HR office @ kofo abayomi
rildwanullahi:
could you help in getting that information
Re: What Nigerian Banks Pay Their Workers by ovikky(f): 11:39am On Jul 30, 2015
Re: What Nigerian Banks Pay Their Workers by MyMentor: 12:11pm On Jul 30, 2015
Hummmm!
Is dis why ladies no de take ear hear; "am a banker"?
In short, am going out nw 2 enforce myslf 2 any bank!
Lol.
Re: What Nigerian Banks Pay Their Workers by no1madman(m): 12:43pm On Jul 30, 2015
Rolly83:

@Gboliwe,I totally agree with you..cos i had worked there before relocating abroad(M.sc)I wonder how their pay increased that much!!!And I keep hearing about mass sack in that sector.
i 4 like u 2 give me Mouth Gig . ..
Re: What Nigerian Banks Pay Their Workers by Rolly83(m): 8:50pm On Jul 30, 2015
no1madman:
i 4 like u 2 give me Mouth Gig . ..
Your moniker tells who you really are!!!
Re: What Nigerian Banks Pay Their Workers by SaiBuharii: 7:45am On Aug 03, 2015
ALGAMISH:
Wrong figures OP. Gtbank is not the highest in the industry and no bank pays 200k and above to entry level staff in Nigeria. Among the top banks the difference is insignificant. Mind you one can spend 5 yrs without promotion. Though Gtbank promotes it's staff more often than others. Banks like first bank and Ecobank have very good salaries but no promotion

You are not informed.
Re: What Nigerian Banks Pay Their Workers by SaiBuharii: 7:53am On Aug 03, 2015
Kachisbarbie:


Aii.
Are you done, Sir?
Have a nice day... smiley


When pple defend wrong information with false statistics. You just lock up. No point
Re: What Nigerian Banks Pay Their Workers by Nigeriatraining: 5:49pm On Aug 03, 2015
Searching for Jobs in the wrong places

In life we make the challenge of finding employment even harder by telling our children -- our young people entering the workforce -- to look for jobs where few jobs exist for them.
We tell them to go to school K-12th grade and graduate (great).
And then we tell them to go to college and graduate (still great).
And then we tell them to go and work for a big company or government. Neither of which are hiring. This is not a knock on big companies or government. We need both in society. But the reality is that big companies actually grow based on 'efficiencies,' not more people. That's the business truth.

Searching for Jobs in the wrong places…
For more on how to get the JOB you deserve view the link below

http://www.nigeriatrainingcourses.com/searching-for-jobs-in-the-wrong-places/

Re: What Nigerian Banks Pay Their Workers by agwu123(m): 9:43am On Aug 04, 2015
FRAUDULENT DEPRIVATION OF NIGERIAN BANK WOKERS THE RIGHT TO UNIONIZE: COMPLACENCY OF THE ASSOCIATION OF SENIOR STAFF OF BANKS, INSURANCE & FINANCIAL INSTITUTIONS (ASSBIFI) AND NATIONAL UNION OF BANK, INSURANCE & FINANCIAL INSTITUTION EMPLOYEES (NUBIFIE).

The right of workers to organize in form of trade union is an adjunct of the constitutional right to peaceful assembly and association. Section 40 of the 1999 Constitution of the Federal Republic of Nigeria (amended) guarantees the right to peaceful assembly and association. The section provides that:

… “Every person should be entitled to assemble freely and associate with other persons, and in particular he may form or belong to any political party, trade union or any other association for the protection of his interest”.

In the light of the above, it therefore presupposes to state that formation and membership of trade unions is an exercise of this constitutional right. According to section 1 (i) of the Trade Union Act (1973) as amended, a trade union is any combination of workers or employers, whether temporary or permanent, the purpose for which is to regulate the terms and conditions of employment of workers…

From the foregoing statutory definition, it means that for an association to qualify as a trade union within the meaning of the trade union Act, it must fulfill the following conditions: The combination must be of workers or employers The purpose of the combination must be to regulate the terms and conditions of employment of workers.


The Association of Senior Staff of Banks, Insurance & Financial Institutions (ASSBIFI) and National Union of Bank, Insurance and Financial Institution Employees (NUBIFIE) were supposed to be the umbrella bodies for the unionization of Bank, Insurance and other financial institutions workers. These bodies that were formed with a noble intention to represent and protect the interest of the Nigerian bank workers have grossly derailed and compromised their roles through unhealthy fraternization with various management of the Nigerian Banks at the expense of the bank workers which they ought to have being representing.


There is no practical union in the banking industry in Nigeria, if they do exist, it is only on paper and when it comes to collecting monies from the bank managements by the so-called union leaders. The Association of Senior Staff of Banks, Insurance & Financial Institutions (ASSBIFI) and National Union of Bank, Insurance and Financial Institution Employees (NUBIFIE) are only representing the interest of their pockets and not the Nigerian Bank workers. On monthly basis, bank managements allots monies to The Association of Senior Staff of Banks, Insurance & Financial Institutions (ASSBIFI) and National Union of Bank, Insurance and Financial Institution Employees (NUBIFIE) purportedly representing the bank workers’ subscriptions/check-off whereas in reality, the intent is to financial induce them in order to deprive them from carrying out their statutory obligations to the bank workers. In most cases, the banks management usually fraudulently presents their puppet who interface between the Association of Senior Staff of Banks, Insurance & Financial Institutions (ASSBIFI) and National Union of Bank, Insurance and Financial Institution Employees (NUBIFIE) and the Banks management, impersonating or assuming the imposter position of workers representative just to further defraud these hapless bank workers and deprive them of their rights to organize. The executives of ASSBIFI & NUBIFIE are aware of these grave antics of the banks but they deliberately decided to ignore this anomaly because of the financial gratifications they get from the banks.

These failures of the executives of ASSBIFI & NUBIFIE to effectively perform their statutory duty have created an ample opportunity for the banks to adopt various nefarious, degrading and inhuman labour policies and practices amongst which is EMPLOYMENT CASUALIZATION. Available records have indicated that within the shortest space of time, the banks are increasingly filling positions in their organizations that are supposed to be permanent with casual employees. The reason for this has been largely attributed to the increasing desperation to cut down cost and as such they have considered casualization of employment as the appropriate strategy for cost reduction.


In life, one is supposed to either move horizontally or vertically but most banks have forced their casual staff to either retrogress or remain static and rigmarole in a particular point. There is neither promotion nor increment in their salaries. Casual staff in most cases spends 10 – 15 years in the same employment status/ designation. The worst is that within the same organization there exist dichotomies in the relationship between the full and casual staff. Whereas the latter are treated with disdain, demoralized and looked upon like inferior being, the former are accorded with superior respect. More than ever before, banks now appear to be taking advantage of the chronic economic underdevelopment of the national economy to exploit the Nigerian work force through organizational political strategy to undercut their hard-fought victories at the bargaining table and replace good jobs – jobs with benefits, training and security – with various forms of insecure and lower-paid contract, short-term and temporary work.


Concerned bank workers alleged that various banks in Nigeria use casual workers in an attempt to replace full-time unionized workers with lower- paid, less-protected workers and to relegate legal and managerial responsibilities to one or more third-party subcontractors.


More worrisome is the conspiracy of silence and the action/inactions of the Association of Senior Staff of Banks, Insurance & Financial Institutions (ASSBIFI) and National Union of Bank, Insurance and Financial Institution Employees (NUBIFIE) as regards to this state of affairs and the plight of Nigerian bank workers who are subjected to these slavish and precarious labour conditions. The casual worker has no say, and if you are daring enough to complain, you will get fired or they give you some other severe sanctions. You are not considered part of a team and there is no sense of being part of a team.

Befuddling, more permanent/good jobs are falling prey to corporate cost-cutting moves by Nigerian Banks Management at the expense of the working families. Too many jobs are being outsourced, contracted out, or reclassified under a barrage of legal definitions designed to keep pay down, benefits low and unions out. More and more workers in permanent employment are losing their jobs and are being either re-employed as or replaced by casual or contract workers.

Casual work which is supposed to be a form of temporary employment has assumed the status of permanent employment in many organizations in Nigeria without the statutory benefits associated with permanent employment status. They are subjected to lower pay, barred from their rights to join a union, denied medical and other benefits. The purpose of this article is therefore to call on the Association of Senior Staff of Banks, Insurance & Financial Institutions (ASSBIFI) and National Union of Bank, Insurance &Financial Institution Employees (NUBIFIE), Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Committee of labour in both House of Representatives & Senate and other concerned labour bodies to intervene in these callous, barbaric, degrading and precarious labour policies and practices of Nigerian banks.

Beneath this form of degrading labour practice in the country is the high level of unemployment and accompanying poverty. These two issues have bred a dangerous workplace and have gravely aided the prevalence of employment causaulization as many desperate jobs seekers in the labour force are willing to take any job no matter how illegal, dirty or inhumanly degrading it is. The supply of labour is higher than the demand for Labour.


In conclusion, one would easily agree that casual workers occupy a precarious position in the workplace and society at large and are effectively a new set of “modern slaves” and “underclass” in the modern extreme capitalist economy.

Writer: Egbo A. E
Re: What Nigerian Banks Pay Their Workers by melvin0004(m): 12:05pm On Aug 11, 2015
fairygeh:

And who asked you for your life history or achievements?topic says what banks pay their workers
are u jealous ni....
Re: What Nigerian Banks Pay Their Workers by Hegeria: 5:30pm On Aug 11, 2015
I worked in Zenith HR, entry level is now N75k and no assurance of confirmation or full staff for years
GTB has very few permanent staff at entry level, most are contract workers who get less than N100k and are just managing. Skye Bank, Enterrise Bank, these banks have people on their pay for less than N50k basic. Rest might be commission. Bank pay is currently not very attractive.

Does anyone know how much Micro Finance Bank workers earn?
Re: What Nigerian Banks Pay Their Workers by ntyce(m): 7:50pm On Aug 11, 2015
I dont know the reason for these arguments. You can only compare salaries on per annum basis. Monthly pay, upfront payment and quarterly pay exists.
As far as I know, Skye Bank pays N3.3 million for entry level.

2 Likes

Re: What Nigerian Banks Pay Their Workers by ezighi: 8:04pm On Aug 11, 2015
What is heritage bank pay? I heard they pay very well
Re: What Nigerian Banks Pay Their Workers by tojahh(m): 9:28pm On Sep 01, 2015
Microfinance Bank Staff earn... B.Sc (marketer... 45k) (CSO.....55k) (Teller... 45k) these figures are after tax, NHIS, Pension and staff welfare deductions.


But the thing is, 96% of them are full staff.

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