I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why - Career (2) - Nairaland
Nairaland Forum › Nairaland General › Career › I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why (14361 Views)
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by LabStores: 10:59am On May 06 |
We can do better honestly |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by GloriousGbola: 11:01am On May 06 |
IyaTola: semid4lyfe:i lifted this from a different thread i worked in a nigerian oil company for 15 years. when i was recruited - i had the highest score on the aptitude test. i was hired with a 300% salary increase some years back we had a recruitment exercise that spanned three months. multiple tests and interviews - which meant that what we got were people on their a-game oil companies use consulting firms to coordinate their recruitment process today i am running my own business and i cannot pay oil company wages. so i have to work with people of a much lower quality than i am used to. that is the root issue. the monieoint ceo thinks he can get champagne class employees on eva wine money IyaTola:also your copy and paste ai post shows that you are the kind of low quality employee being referred to here |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:08am On May 06 |
Vision101: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Rutherinspace: 11:08am On May 06 |
SpencerForbes:As someone who has hired talents local and foreign. I can tell you that Nigerians have poor work ethics. It's not always about pay. Our workers sometimes exhibit "I don't care attitude " We have poor work ethics compared to foreigners. I can give you several examples from my working experience. It's not easy to get foreign workers into Nigeria and it saves me a lot to use local workers. But when these workers don't understand contracts, timelines, dedication and diligence, it's better getting foreign workers whose sole business is to get the work done and get out. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Cmeo(m): 11:11am On May 06 |
As a business owner in Nigeria, I concur with what that young man said |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:11am On May 06 |
Rutherinspace:The bolded |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by MT: 11:12am On May 06 |
This thread is an example of what the Moniepoint CEO says. If this thread is about Portable vs Carter Efe, it must have stretched to a minimum of 10 pages😁 |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:12am On May 06 |
Cmeo:Do you mind throwing more light on this? |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Personperson01: 11:13am On May 06 |
Y'all want to cheat and give motivational speeches! Nothing works that way. Look at trump for example. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:13am On May 06 |
![]() MT: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:13am On May 06 |
Personperson01:What's your point is exactly? |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Vision101(m): 11:13am On May 06 |
[quote author=Tolexander post=139321710][/quote]You want me to train an intern, upgrade his skills and boom he leaves or starts to threaten. Then I will start all over. Will he allow me to bond him for specific number of years? |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:17am On May 06 |
airsaylongcome:How do you know this? |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 11:20am On May 06 |
Vision101:If an intern becomes valuable enough to leave after learning from you, that doesn’t automatically mean the investment was wasted. it means you helped build talent. The bigger question is: why do people feel the need to leave so quickly? In many cases, people leave because of poor pay, no growth path, toxic work culture, or feeling undervalued. And if someone is threatening you after gaining experience, that’s a separate character issue not a reason to stop developing people entirely. Also, bonding employees for years can backfire. Most talented people won’t agree to being tied down unless there’s a strong incentive attached (sponsorship, certifications, relocation support, etc.). Even then, forcing retention rarely builds loyalty. I think this approach is better: - Hire people with good character and willingness to learn - Create clear expectations from day one - Pay fairly as they grow - Build systems so your business doesn’t depend on one person - Make your workplace good enough that people want to stay Because the real risk isn’t training people and losing them. It’s refusing to train people and being stuck with mediocre talent forever. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Rutherinspace: 11:21am On May 06 |
MT:Don't blame a former president who said the youths are lazy. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Personperson01: 11:22am On May 06 |
Oyindamolah:A billion and one terminals and gateways alike to run transaction if you don't find traditional banks easy enough but you lot choose to debate on one single persons problem with his staffs. How sane is that? What actually happens in the other companies after comparing this whatever to oil companies, government agencies and co. Conversation still lags. He highlights a pain point and boom senseless is the news headlines. Lol |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Vision101(m): 11:25am On May 06 |
Oyindamolah:I will rather hire good expertise, pay well and have instant value added than gamble with the youths of today that wants to live big overnight. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Yampotatocarrot(m): 11:28am On May 06 |
The CEO said they have over 500 vacancies... He didn't say those vacancies were marketers... Moniepoint is ALWAYS LOOKING for marketers They're ready to employ 1million marketers, since payment is based on commission Issue is, not many people want to do that again, even those working with them as marketers are now leaving, because everywhere is saturated with Moniepoint except you start going to the hinterlands... That's why he made the statement |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Yampotatocarrot(m): 11:31am On May 06 |
SpencerForbes:This part of your write-up doesn't add up. You said they want MAXIMUM SKILL FOR MINIMUM PAY, yet you said they hire foreigners and pay them more If the problem is they wanting MAXIMUM SKILL FOR MINIMUM PAY, the answer would have been hiring Nigerians with the skill and paying them less |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 11:32am On May 06 |
Vision101:It still boils down to poor motivation and bad pay structures. Look at it this way: if a man is earning 500k in an industry where the average pay is 350k, he’ll value that seat. With how the economy is moving and the bills on his neck, he won't want to "play" with his career. But when you ask for 10 years of experience only to offer a measly 200k—knowing fully well you’d pay a foreigner 450k for that same role—where is the encouragement? That’s where the "I can't come and kill myself" energy starts. My boss gets it: Input equals Output. You can't pay me 200k and expect 350k worth of value. Because he has a global mindset, I actually earn more than some seniors in this field just by sticking to our agreement and delivering. If we had a system with fair benefits for everyone, people would sit up. If you misbehave, you’re out—no sentiments—and one of the mentored trainees takes your spot immediately. Simple as that. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Druss(m): 11:34am On May 06 |
I disagree with him. What is his company doing to bring Nigerians up to scratch? Look at companies like Shell Nigeria. Aren't they employing Nigerians from the same market? These Nigerians are also developing other Nigerians. He is being lazy! |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Druss(m): 11:36am On May 06 |
Rutherinspace:BS on poor work ethics. Train your workers. Develop them. Pick the right ones. I have colleagues who work very hard and with integrity and are solid professionals. Your post generalises! |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 11:38am On May 06 |
[quote author=Yampotatocarrot post=139322421]This part of your write-up doesn't add up. You said they want MAXIMUM SKILL FOR MINIMUM PAY, yet you said they hire foreigners and pay them more If the problem is they wanting MAXIMUM SKILL FOR MINIMUM PAY, the answer would have been hiring Nigerians with the skill and paying them less[quote]That is exactly where the problem lies. How many people are actually willing to give their maximum effort when they know for a fact that others are being paid significantly more for the same work? The logic is flawed: you demand 10 to 15 years of experience for a 200k role, yet a foreigner is hired with minimum requirements and handed 450k. Of course, someone will take the job because they need to survive, but there will be zero job satisfaction. That is exactly how the grumbling and lack of commitment begin. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Dshocker(m): 11:41am On May 06 |
IyaTola:Let him get out, he sounded like he is the most intelligent in Nigeria, besides, he was looking for tech gurus he would pay less than 100k a month. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by UrVillageChief: 11:43am On May 06 |
SpencerForbes:You’ve said it all. So Eniolorunda is telling us that he has over 500 vacant tech roles and no Nigerian is qualified enough to take them? We just enjoy demeaning ourselves to impress outsiders. This was how Buhari was fooling himself on an intercontinental TV show calling his own youths lazy. Once they manage to make small change and escape poverty, others become lazy in their eyes. Going by his unguarded outbursts, one would think there’s an abundance of job opportunities in Nigeria and that it’s the youths that are lazy or aren’t technically qualified enough to take them. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 11:43am On May 06 |
Rutherinspace:The core issue with the Nigerian system is a lack of what I’d call "Joseph’s wisdom"—essentially, a lack of strategic foresight. Imagine if a founder, like the owner of Moniepoint, opened a massive internship program targeting first-class graduates. He could hire one or two foreign experts and place them on a contract where they must mentor these graduates for three years, transferring their full knowledge base before their tenure ends. If he starts with five top-tier hires who each train three more people, within six months the talent pool begins to multiply. In three years, you’ve built a powerhouse of intellectual capital. You create a self-sustaining workforce so deep that even the "japa" syndrome or brain drain wouldn't be able to shake the company's foundation. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Lexusgs430: 11:46am On May 06 |
Moniepoint CEO, should pay equivalent of what his counterparts are paying abroad (for those working remotely or japa gang)...... Until then, he should keep MUTE!!!! |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 11:48am On May 06 |
UrVillageChief:The truth is, the man really failed us. Imagine if he had set up an internship program and hired two foreign experts to train, say, 100 first-class graduates in a year. Even if only five of them fully mastered the system initially, you could have them sign an agreement to transfer that knowledge over three years before moving on. If those five people trained three others each every six months, within three years he would have built a workforce of elite brains that "japa" or brain drain couldn't touch. But instead of thinking long-term like that, we prefer to shift blame and point fingers at everyone but ourselves. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by spiSeyi: 11:48am On May 06 |
Both you and the CEO are delusional to start with. His words were empty and lacks substantial evidence just bcs he couldn't get quality staff because of his peanuts pay doesn't mean that Nigeria lacks quality talent. He claimed 500 opening but in reality he needs those that will be distributing moniepoint flyers which a JAMBite can easily do ![]() Here is the reality a lot of this talent are in the corner of their rooms handling up to 2-4 remotes jobs for at least 3K USD each monthly, did you expect such people to settle for a pay that's not even up to 1k USD .He should emulate the likes UBA who have graduate schools were staff are trained to their standards. Young graduates can easily accept what he pays and he can then polish them. You can be paying peanuts for a global standard performance ( can he pay 80k USD yearly bcs that's the global pay standard) |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Fiscus105(m): 11:49am On May 06*. Modified: 2:00am On May 07 |
IyaTola:I doubt if you know, no university in the world in which their graduates go directly to labour market and fit-in, into highly skilful employments. .......the company is the one that would recruit and train them skills they needed in other to perform exact task they wanted in the company. Just the way Dangote recruited Nigerian graduates and sent them to India to acquire skills in petrochemical industry. If bank can recruit graduate trainings and training them for optimal use, how much more tech related company...... better go and advice "moneypoint" to recruit brilliant among several jobless graduates in Nigeria and train them either in Naija or abroad. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Rutherinspace: 11:51am On May 06 |
SpencerForbes:Valid points. We have the workforce and training is essential. We shouldn't always be looking for "already made" talents. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by IamANigerianMan: 11:58am On May 06 |
IyaTola:Liars everywhere... Tell me one thing that is hard with moniepoint job ? Absolutely nothing, I am good at POS repair, three times I had applied and I only received mail not meet with the criteria..... This is the work I have been for 7 years, they would have invited me for interview first..... He should go and sleep |
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