Hello Nairalanders,

I'll be brief as possible, I'm currently working with one Microfinance Bank as a full staff, which the pay is #50000 per month and after pension and tax, I'm left with 46k every month, this has been my salary for the past 14months. I'm been used like four man. Recently, during the board meeting, they realised that there most resourceful employees are quiting for better offer as such they decided to increase the pay and likely to be implemented this April salary.

As a guy who want more for his life and want to be financially stable, I applied for one commercial bank job and I got an offer with a gross pay of #80,000 but it's a contract job but this bank usually do a conversion program to convert contract job to full staff unlike some other banks, I'm sure of the conversion

Have accepted the offer and I told them that I'll resume next week after the Easter break but my resignation letter with the MFB has not been acknowledged till now, also considering if the increase the salary this month, wouldn't it be equivalent to what the commercial bank is going to pay? As well wouldn't be a breach of contract to decline the offer after accepting it overnight?

I need a professional advice as I'm confused on what to do

Hollyharjii:
Hello Nairalanders,

I'll be brief as possible, I'm currently working with one Microfinance Bank as a full staff, which the pay is #50000 per month and after pension and tax, I'm left with 46k every month, this has been my salary for the past 14months. I'm been used like four man. Recently, during the board meeting, they realised that there most resourceful employees are quiting for better offer as such they decided to increase the pay and likely to be implemented this April salary.

As a guy who want more for his life and want to be financially stable, I applied for one commercial bank job and I got an offer with a gross pay of #80,000 but it's a contract job but this bank usually do a conversion program to convert contract job to full staff unlike some other banks, I'm sure of the conversion

Have accepted the offer and I told them that I'll resume next week after the Easter break but my resignation letter with the MFB has not been acknowledged till now, also considering if the increase the salary this month, wouldn't it be equivalent to what the commercial bank is going to pay? As well wouldn't be a breach of contract to decline the offer after accepting it overnight?

I need a professional advice as I'm confused on what to do


Seun, help push to FP for timely comments

Next time learnt to speak up in board meetings, ask how much would be the oay from the HR or a representative of the board. If it will be equivalent and you are sure it's the same pay know that you will face times 10 of what you face in MFB as a contract staff with the commercial bank plus don't bank of you are sure of the conversion because bank na crazy one man business.

From the two offer factor in which one is best in term of benefits such as
13th month
NHF
Leave allowance. All the best .

lavylilly:
Next time learnt to speak up in board meetings, ask how much would be the oay from the HR or a representative of the board. If it will be equivalent and you are sure it's the same pay know that you will face times 10 of what you face in MFB as a contract staff with the commercial bank plus don't bank of you are sure of the conversion because bank na crazy one man business.

From the two offer factor in which one is best in term of benefits such as
13th month
NHF
Leave allowance. All the best .

Thank you for your advice, it is only the MD that do represent the staff in the board meeting, and carrying him along or any of the mgt staff along during the job processing might not be a good thing to do, so had to keep the process all alone by myself till I got the offer

Yeah, I'm sure of the conversion

To me I would advise you stay back at the MFB for now till you get something better. Working as a contract staff in a bank isn't good at all. You can be dropped at anytime.

Hollyharjii:



Thank you for your advice, it is only the MD that do represent the staff in the board meeting, and carrying him along or any of the mgt staff along during the job processing might not be a good thing to do, so had to keep the process all alone by myself till I got the offer

Yeah, I'm sure of the conversion

You don't get, ask the MD the new offer what it entails, SIMPLE!

I don't know much about banking job but working as contract staff in commercial bank is risky. They can terminate the contract suddenly

Do some background research about the new bank, if green light, jump

My guy don’t wait for a professional advice from Nairaland cos they will end up throwing you off the hook, guy follow your mind but as for me I see a better future in that commercial bank as long as conversion is assured. That’s me to you.

Go for the new Job.
Why does it take the prev company this long before increasing your salary? Simple answer, they don't have resource to pay for your value or not valued you enough.
Go to where you would be appreciated.

Kill the fear and take the risk, the end result would be great

Reading...

Hollyharjii:

which bank? Be careful and let it not be fcmb. Some people have been there for 9 years and not converted to full staff yet, instead they promote full graduate from one level of contract to another (some once, and some twice all through the 9-year period). look before you leap.

If I may advise you, look elsewhere that is not bank, or remain where you are.

Also, before you move, understand how much is your take home from that 80k. And, make suer you understand your job functions, before you come back here to say the workload is more than your former place, or 'this is not what i bargained for'.

U Know wt they say risk it to get d biscuits...
No risk without reward go for it

I think money should be the least of your problems for now, because there wont be much difference in the 2 salaries. But look at the bigger picture.

Which of these 2 jobs would allow to to develop yourself? to go for certification, have another degree, have time for personal stuffs?

That is the one I advise you should go for.

Good morning..
How did u apply for the job....and what bank. M
I currently work with one and I am looking to change institutions

My brother any job that can't pay upto 500k.is determine to keep u poor and less than average,try save and start business, u gonna be reach forever,if you put the same energy and commitment ur putting in your current mfb job

I will like to advise you to move to the new job in the Commercial Bank. Why?

- What if the salary is reviewed from 50k to 60k in the MFB, will you be satisfied? I don't think so.
- You have already written you resignation letter and you're awaiting acknowledgement. If you reconsider staying, writing a letter to cancel the resignation will look unreasonable.
- They are increasing the salary, not because they want to satisfy you, but because 'others' are leaving and they want to tie you down keep you for their use. That means they know their workers are underpaid.
- Life is a risk. Staying in MFB is a risk. Moving to Commercial Bank is a risk. You've explored one, I'll advise you move to the next one.
- Regardless of all the pieces of advice on NL, follow your instinct.

#MyThoughts

Contract staff in nigeria banking sector is something else.
I know people that were contract staff in d banking sector and it has never ended well, it only take favour, luck and grace to end well as a contract staff in d banking sector. U hv to ask ur MD d actual increment u should be looking at in other to enable u know d way forward.

If not bad economy and some useless govt policies, there are steps one shouldn't hv taken in d name of job search, it's well dear.
Still ur sure supplier of dis precious fruit.

It's better you stay put at were u are, am just suggesting ni Becuz Half bread is better than non..... Personally I don't believe much on contract job... The appointment can be terminated at any fuckin time and perhaps the decision is yours to decide and I believe you know what you want then, so it's better u follow your heart desire.

Bros, just stay with your MFB. Your contract with the commercial Bank can be terminated any day, any time.

Jayslyder:
Good morning..
How did u apply for the job....and what bank. M
I currently work with one and I am looking to change institutions

Please can I replace you where you are

Who accepts job offers these days based on gross. My dear your gross pay isn't my business, I negotiate with net, find out what your net is, if it's up to 70k, go for it. In the terms of agreement with the new place, they must state the duration of your probation, apart from the pay, adding that new experience to your CV makes it more colorful, you also get to meet new set of people, learn more skills, while you're there, try to be proactive, if you're good, you will be absorbed in no time. Also get professional courses and make LinkedIn your new Whatsapp.

yankison:



Please can I replace you where you are

Lol..I will let u know when I get another one

Hollyharjii:
Hello Nairalanders,

I'll be brief as possible, I'm currently working with one Microfinance Bank as a full staff, which the pay is #50000 per month and after pension and tax, I'm left with 46k every month, this has been my salary for the past 14months. I'm been used like four man. Recently, during the board meeting, they realised that there most resourceful employees are quiting for better offer as such they decided to increase the pay and likely to be implemented this April salary.

As a guy who want more for his life and want to be financially stable, I applied for one commercial bank job and I got an offer with a gross pay of #80,000 but it's a contract job but this bank usually do a conversion program to convert contract job to full staff unlike some other banks, I'm sure of the conversion

Have accepted the offer and I told them that I'll resume next week after the Easter break but my resignation letter with the MFB has not been acknowledged till now, also considering if the increase the salary this month, wouldn't it be equivalent to what the commercial bank is going to pay? As well wouldn't be a breach of contract to decline the offer after accepting it overnight?

I need a professional advice as I'm confused on what to do

This is medicine after dead
U already submitted resignation letter and its better u leave cos if u stay after submitting resignation letter, u wont like what will come next

Since you have already sent in ur resignation letter, it's not ideal you remain in that firm, e get why sha, no matter the offer that comes.
know the full terms and condition that comes with the new job and also ur take home after deduction, plan ahead, have a back up plan just incase the conversion did not click..

All the best baba

Hollyharjii:
Hello Nairalanders,

I'll be brief as possible, I'm currently working with one Microfinance Bank as a full staff, which the pay is #50000 per month and after pension and tax, I'm left with 46k every month, this has been my salary for the past 14months. I'm been used like four man. Recently, during the board meeting, they realised that there most resourceful employees are quiting for better offer as such they decided to increase the pay and likely to be implemented this April salary.

As a guy who want more for his life and want to be financially stable, I applied for one commercial bank job and I got an offer with a gross pay of #80,000 but it's a contract job but this bank usually do a conversion program to convert contract job to full staff unlike some other banks, I'm sure of the conversion

Have accepted the offer and I told them that I'll resume next week after the Easter break but my resignation letter with the MFB has not been acknowledged till now, also considering if the increase the salary this month, wouldn't it be equivalent to what the commercial bank is going to pay? As well wouldn't be a breach of contract to decline the offer after accepting it overnight?

I need a professional advice as I'm confused on what to do

What do you mean your resignation with the Micro Finance Bank has not been acknowledged?

You can resign your job through several means

1) Just go to the MFB with a duplicate copy of your letter to the MFB and let their secretary acknowledge your resignation letter by stamping and signing received copy

2) Send them your resignation letter through a registered mail delivery company/organization and keep a copy of your receipt of payment

3) Send your registration via email

No contract job is okay in this insane country as your employment can be terminated at any point in time. I was working in a big coy in the country but a one man business, decided to opt for a multinational coy as contract, being employed as a permanent staff was so sure, infact I was next in line with my course of study but something happened and they need to downsize and I was the first to go. All my hopes and assurance down the drain just like that.

After months of hunting I got a job as a permanent staff in a coy but different sector, they lay off contract staff anyhow and infact is normal thing if there is any issue in a particular shift, the manager will ask the supervisor who is responsible and a contract staff stationed will be brought out as the scape goat to get laid off.

Even as a permanent staff, I can be laid off anytime. So thread carefully. I’ll advise you to stay at the MFB and start hunting for permanent employment in banks, even if it’s entry level

My current employer is multinational but my job was more secured in the one man business I was before, I trust the process though but please think through before taking any step.

Gracias bro

Hollyharjii:
Hello Nairalanders,

I'll be brief as possible, I'm currently working with one Microfinance Bank as a full staff, which the pay is #50000 per month and after pension and tax, I'm left with 46k every month, this has been my salary for the past 14months. I'm been used like four man. Recently, during the board meeting, they realised that there most resourceful employees are quiting for better offer as such they decided to increase the pay and likely to be implemented this April salary.

As a guy who want more for his life and want to be financially stable, I applied for one commercial bank job and I got an offer with a gross pay of #80,000 but it's a contract job but this bank usually do a conversion program to convert contract job to full staff unlike some other banks, I'm sure of the conversion

Have accepted the offer and I told them that I'll resume next week after the Easter break but my resignation letter with the MFB has not been acknowledged till now, also considering if the increase the salary this month, wouldn't it be equivalent to what the commercial bank is going to pay? As well wouldn't be a breach of contract to decline the offer after accepting it overnight?

I need a professional advice as I'm confused on what to do

move and keep applying for more jobs....E.T Strictly!

oluplus:
I think money should be the least of your problems for now, because there wont be much difference in the 2 salaries. But look at the bigger picture.

Which of these 2 jobs would allow to to develop yourself? to go for certification, have another degree, have time for personal stuffs?

That is the one I advise you should go for.

Listen to this man. I salute the fact that you are working to earn a living but you need to realize that what you are earning with respect to what obtains in today's economy is quite small (both the old and new job) but I advice you go for the higher paying job if it can afford you more time to develop your skills.

Moreover you've been at your current place without any significant improvement to your wellbeing. Move and take the risk!

I don't think you have much choice in this matter as you seem to think.

Your current job is the new one you have agreed to start after the Easter break.

Your current employer whom u have resigned from can always acknowledge your resignation and say something like re: Resignation last week blah blah.

My advice is to focus on getting ready for ur new place of work cos u have essentially resigned from ur current place

Go for the new job, the MFB management are users, nothing good can come from them, believe me.

Y did it take them this long to implement salary increment when u guys keep making money for them everyday?

Something that will even be peanut and don't be surprised another increment might be in 4 years.

The new job will boost Ur CV like mad, u wouldn't even expect it. Just don't relent on the contract job (they might not convert) continue searching for better offer.

Besides it's not always a good idea to go back to a job after resignation. I'v never seen anyone that did it without regret.

Hollyharjii:
Hello Nairalanders,

I'll be brief as possible, I'm currently working with one Microfinance Bank as a full staff, which the pay is #50000 per month and after pension and tax, I'm left with 46k every month, this has been my salary for the past 14months. I'm been used like four man. Recently, during the board meeting, they realised that there most resourceful employees are quiting for better offer as such they decided to increase the pay and likely to be implemented this April salary.

As a guy who want more for his life and want to be financially stable, I applied for one commercial bank job and I got an offer with a gross pay of #80,000 but it's a contract job but this bank usually do a conversion program to convert contract job to full staff unlike some other banks, I'm sure of the conversion

Have accepted the offer and I told them that I'll resume next week after the Easter break but my resignation letter with the MFB has not been acknowledged till now, also considering if the increase the salary this month, wouldn't it be equivalent to what the commercial bank is going to pay? As well wouldn't be a breach of contract to decline the offer after accepting it overnight?

I need a professional advice as I'm confused on what to do

Hmm, I was in similar situation few weeks ago. I was even threatened with a law suit but i moved.

On resignation, your employer has no right to decline your resignation.