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Nairaland Forum / Nairaland / General / Career / Bad & Unethical Practices of Wetland Microfinance Bank (279 Views)
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Bad & Unethical Practices of Wetland Microfinance Bank by SamBlaq(f): 11:26am On Sep 29, 2022 |
Toxic workplace, toxic management. Do not recommend Apr 1, 2022 — Management Staff, Warri, Delta Recommend❌ CEO Approval❌ Business Outlook❌ Pros • You have a job • They don't owe salaries Cons • Massive employee turnover (Mass recruitment every month). • Very poor pay/renumeration system, and very poor additional benefits/ allowances. • Toxic top management politics/decisions. • No/poor reward for individual and branch performance. • "Soldier go, soldier come" system. Staff are viewed as disposable. • Firing of staff without tangible reason • Unreasonable branch/ staff target without corresponding budget. • Poor, inconsistent and unsure profit sharing formula. • Lack of suitably qualified senior management team. • Temperament-induced management decisions • Positional promotion without corresponding increment. • Consistent employee burnout. Advice to Management Improve on your overall system AS SEEN ON GLASSDOOR Nigeria SITE |
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