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MTN Increases Staff Salaries By 17% - Jobs/Vacancies - Nairaland

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MTN Increases Staff Salaries By 17% by engrcalvin: 10:46am On Apr 07
MTN increased salaries in a year that was marred by the Covid-19 pandemic.

Nigeria’s largest mobile operator, MTN, increased the salaries of its staff in 2020 by about N4.5 billion according to findings by Nairametrics Research.
The telecom firm reported a total increase in its salaries and wages from about N25.79 billion in 2019 to about N30.2 billion in 2020, representing about 17% bump. On average, MTN paid N16.4 million per staff per annum in 2020 compared to N13.79 million per staff in 2019 representing an 18.9% increase. This is also because its headcount dropped by about 26 people.
A deep dive into its annual reports also reveals the salary increase was across the board for the year under review. Based on the increase, the least amount a staff earns is N3.5 million per annum from N2.5 million a year earlier.

Analysis of salary increases
• About 141 staff saw their salaries increase to above N3.5 million per annum in 2020.
• Another 260 staff were bumped to a salary scale of between above N7.5 and N8.5 million.
• Finally, another 158 employees were moved to a salary scale of above N12.5 million per annum, its highest pay bracket.
• In summary, a total of 599 employees received various levels of salary increases during the year.
Executive Directors of MTN also reported a pay raise from N586 million per annum in 2019 to N732 million in 2020. This is attributed to the appointment of Modupe Kadiri as Executive Director in March 2020.
Why this matters
The year 2020 was a peculiar year mostly due to the negative effects of Covid-19 which ravaged the finances of most corporations in Nigeria. At the height of the pandemic, some Nigerian companies resorted to downsizing and reduction of overheads as a strategy to maintain financial solvency. However, MTN’s salary increase is a huge departure from the norm.
• MTN reported a 15% increase in revenue (to N1.3 trillion) as Nigerians gobbled up data due to Covid-19 stay-at-home restrictions by the government and most private-sector corporations.
• MTN share price is down 6% year to date.

Credit: https://nairametrics.com/2021/04/06/mtn-increases-staff-salaries-by-17/


Are you a staff of Airtel, Glo, 9mobile? Please tell us what it feels like working there. is the pay worth it? when last was there a pay rise? is there room for career growth as seen with MTN?

9 Likes 1 Share

Re: MTN Increases Staff Salaries By 17% by wayisshut: 11:03am On Apr 07
MTN MTN How many times will I shout your name?

3 Likes

Re: MTN Increases Staff Salaries By 17% by Ahmed0336(m): 11:50am On Apr 07
MTN sacked many workers and nobody is saying anything about it.

51 Likes 1 Share

Re: MTN Increases Staff Salaries By 17% by michlins(m): 12:19pm On Apr 07
I hope this isn't some balance sheet padding to enable them evade tax. The MTN I know will want their workers to contribute their salaries

32 Likes 2 Shares

Re: MTN Increases Staff Salaries By 17% by engrcalvin: 12:44pm On Apr 07
Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

The problem is the slavery Manning system we practice in Nigeria. In South Africa MTN recruit directly but here in Nigeria most of their staff are contracted to Huawei and others which gives room for such contractors to treat people the way they feel like.

59 Likes 2 Shares

Re: MTN Increases Staff Salaries By 17% by FatherCHRISTMAS: 1:13pm On Apr 07
MTN ..... YOU CANT BEAT THE RICH

3 Likes

Re: MTN Increases Staff Salaries By 17% by FatherCHRISTMAS: 1:15pm On Apr 07
Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

The sacked workers could petition NLC
Re: MTN Increases Staff Salaries By 17% by Robisky001(m): 1:38pm On Apr 07
They've made so much from Nigerians is only right they increased the number of workers pays.

3 Likes

Re: MTN Increases Staff Salaries By 17% by Ayomarcel(m): 2:31pm On Apr 07
If it's true.. kudos to them.
Re: MTN Increases Staff Salaries By 17% by MickzyDonald: 3:01pm On Apr 07
MTN my ***

4 Likes 2 Shares

Re: MTN Increases Staff Salaries By 17% by happybee: 3:35pm On Apr 07
My mtn line has stopped since yesterday ... And I don't know what has happened, switched off my phone countless times, removed the Sims several times too.. But still still same..
If anyone can help bout whats going on, I will be grateful...

2 Likes 1 Share

Re: MTN Increases Staff Salaries By 17% by OGWILLS123: 3:44pm On Apr 07
happybee:
My mtn line has stopped since yesterday ... And I don't know what has happened, switched off my phone countless times, removed the Sims several times too.. But still still same..
If anyone can help bout whats going on, I will be grateful...
Have you link ur NIN
Re: MTN Increases Staff Salaries By 17% by obyrich(m): 3:58pm On Apr 07
happybee:
My mtn line has stopped since yesterday ... And I don't know what has happened, switched off my phone countless times, removed the Sims several times too.. But still still same..
If anyone can help bout whats going on, I will be grateful...
Please visit their customer care centre nearest to you

3 Likes 1 Share

Re: MTN Increases Staff Salaries By 17% by obyrich(m): 4:00pm On Apr 07
FatherCHRISTMAS:


The sacked workers could petition NLC
It wasn't a sack. It was IVSS. They were paid off as I heard.

4 Likes 1 Share

Re: MTN Increases Staff Salaries By 17% by oghalebros(m): 4:07pm On Apr 07
Commendable.... Better than our government who don't wants to increase salary.
Re: MTN Increases Staff Salaries By 17% by thebosstrevor1: 4:21pm On Apr 07
A full time MTN staff take home more salary than a full time staff in many Nigerian owned banks and multinational companies.

To be realistic, without MTN, we will all be in the dark age.

Imagine if only glo was the only telcom in Nigeria?

Low pay with very bad network

31 Likes 3 Shares

Re: MTN Increases Staff Salaries By 17% by chy200(f): 4:21pm On Apr 07
Re confirm from your informant they were "heavily' paid off not sacked
Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.

1 Like

Re: MTN Increases Staff Salaries By 17% by Mikkyjay17(m): 4:56pm On Apr 07
The increase of staff salaries under the first category is #49,572, circa #49,600
Apparently, the increase is waw.

The staff under the second category saw an increase of #106,250 at a go.
Impressive.

6 Likes

Re: MTN Increases Staff Salaries By 17% by beehivedata(m): 5:34pm On Apr 07
Na wah o. God when? embarassed
Re: MTN Increases Staff Salaries By 17% by obyrich(m): 5:39pm On Apr 07
chy200:
Re confirm from your informant they were "heavily' paid off not sacked
Don't mind them. Some of the 'sacked' staff went home with as much as 50m.

14 Likes

Re: MTN Increases Staff Salaries By 17% by happybee: 6:01pm On Apr 07
OGWILLS123:

Have you link ur NIN
No, bro.
But its not blocked to me, the service just keeps going on and off in seconds...

1 Like

Re: MTN Increases Staff Salaries By 17% by happybee: 6:02pm On Apr 07
obyrich:
Please visit their customer care centre nearest to you
Thanks, bro.
Re: MTN Increases Staff Salaries By 17% by ClassicMan202(m): 6:22pm On Apr 07
Na we go suffer am

1 Like

Re: MTN Increases Staff Salaries By 17% by EbenezerTriumph: 6:30pm On Apr 07
Ahmed0336:
MTN sacked many workers and nobody is saying anything about it.
when?
Re: MTN Increases Staff Salaries By 17% by femi4: 6:32pm On Apr 07
FatherCHRISTMAS:
MTN ..... YOU CANT BEAT THE RICH
REACH

2 Likes

Re: MTN Increases Staff Salaries By 17% by ChiefAfonja: 6:47pm On Apr 07
grin
Re: MTN Increases Staff Salaries By 17% by royalamour(m): 6:47pm On Apr 07
Nice one
Re: MTN Increases Staff Salaries By 17% by Militant30: 6:48pm On Apr 07
The manager of MTN NIGERIA can run Nigeria more efficiently than the kunu drinking Malam in Aso Rock.

15 Likes

Re: MTN Increases Staff Salaries By 17% by millionboi(m): 6:48pm On Apr 07
Good
But no illegal charges ooo
Re: MTN Increases Staff Salaries By 17% by meobizy(f): 6:48pm On Apr 07
Nairalanders will still type rubbish because their case na from village.

6 Likes

Re: MTN Increases Staff Salaries By 17% by MorataFC: 6:48pm On Apr 07
Good news
Re: MTN Increases Staff Salaries By 17% by kolafolabi(m): 6:48pm On Apr 07
What do you expect from the best network in Nigeria. Every worker deserves it

7 Likes

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