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My Take On The Slave Labor In Nigerian Banks - Cramjones - Business (3) - Nairaland

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Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by drololaaof: 8:34am On May 20, 2015
The problem start with casualisation and top it with contract job they are the master slaver enriching some while de humanising others. It is a pity that some state Govt are casualising staff .Hope the change in governance will help to change this trend?
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Nobody: 8:34am On May 20, 2015
idu1:
What's now the way forward?
@Cramjomes, I think contract staff should be abolished in banks. The banks may say they cant absorb everyone as a full staff, but there is something they can do.
They should have a unit under there HCM unit that would handle contact staff.
Fact is I work as a contract staff with one of the 1st generation banks. I take home 64k (Cum rain or sunshine). But our employers are paid 150k. They give us 64k, pay 14k as pension n also subscribe to Standard Plan HMO for us. (Just malaria n typhoid treatment)
Atleast they have an interest of. @Least 60k per head monthly n we are over 250 in my unit (call centre) who are contract staff.
Bankwide, the agents employs all the tellers, dsa' s, drivers et al.
So we all are working for them. If only we can b directly employed by d bank, then we can boast of 120k take home even as associate staff.

Pls note that some of us wer receivin 40k as salary 4 4years before the increase in salary to 64k. Some of us have spent over 5years doing d same job.
This is my contribution to wat can b done differently.

1 Like

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by koladebrainiac(m): 8:35am On May 20, 2015
cramjones:
I read about the pay scale of bankers in Nigeria with deep and utter sadness. I haven't been able to sleep since I read the stories on Nairaland, for I have been deeply disturbed. Prior to these articles, I erroneously thought that entry level bankers earn nothing less than 120k, but I was very wrong! My nephew is banker, but he keeps asking me to send him money. I joke about it, albeit ignorantly, not knowing his pay is that of a slave.

Fellow Nigerians, granted we have over 50 million unemployed youths, nevertheless should we accept to be slaves in our own country? What will a young man full of life and energy do with 24k/month or $110 per month. I can remember many times I have spent such an amount one night on a family dinner. This is not fair and must be stopped! We must task the incoming administration to review our labor laws. It is unacceptable for a graduate working in a multibillion dollar coporation as a banker to earn less than $4/day.

Instead of trekking from pillar to post, do something about it! I would like to urge all youths to use the power of social media and spread the word. We must start that way. I will do my part by telling the C-in-C to tackle this slave labor head on. Not just the banks, but we must have enforcable laws that all employers of labor must abide to. Little wonder why Kelechi and Kayode are doing drugs in Indonesia. Little wonder why Ifeoma, Kabiru and Femi are drowning in the mediterranean trying to cross to Europe. We must put an end to modern day slavery, wickedness and greed!

You have all taken the right step by revealing it. Now make it popular and we will work on the one-on-one side. This must stop! entry level earns 120k, contract staff earns 20k or 18k

-CramJones
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by koladebrainiac(m): 8:36am On May 20, 2015
cramjones:
I read about the pay scale of bankers in Nigeria with deep and utter sadness. I haven't been able to sleep since I read the stories on Nairaland, for I have been deeply disturbed. Prior to these articles, I erroneously thought that entry level bankers earn nothing less than 120k, but I was very wrong! My nephew is banker, but he keeps asking me to send him money. I joke about it, albeit ignorantly, not knowing his pay is that of a slave.

Fellow Nigerians, granted we have over 50 million unemployed youths, nevertheless should we accept to be slaves in our own country? What will a young man full of life and energy do with 24k/month or $110 per month. I can remember many times I have spent such an amount one night on a family dinner. This is not fair and must be stopped! We must task the incoming administration to review our labor laws. It is unacceptable for a graduate working in a multibillion dollar coporation as a banker to earn less than $4/day.

Instead of trekking from pillar to post, do something about it! I would like to urge all youths to use the power of social media and spread the word. We must start that way. I will do my part by telling the C-in-C to tackle this slave labor head on. Not just the banks, but we must have enforcable laws that all employers of labor must abide to. Little wonder why Kelechi and Kayode are doing drugs in Indonesia. Little wonder why Ifeoma, Kabiru and Femi are drowning in the mediterranean trying to cross to Europe. We must put an end to modern day slavery, wickedness and greed!

You have all taken the right step by revealing it. Now make it popular and we will work on the one-on-one side. This must stop! entry level earns 120k, contract staff earns 20k or 18k

-CramJones
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Kriptic: 8:36am On May 20, 2015
cramjones:

O
Do you work in a bank? Or do you just feel like talking?

-CramJones
He's right. Entry level full staff (the ones not on contract) earn that amount and more depending on the bank. It is the contract staff that earn peanuts.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by obynaDmob(m): 8:36am On May 20, 2015
deathwing:


The OP specifically mentioned 'entry level'. Contract staff are just that...contract. There is a big difference in pay. Some special contract people earn much more than the core staff though..depends on the work.


Entry level ke?? That one is not possible naw... I don't think graduate trainees sef earn that low

1 Like

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Nobody: 8:37am On May 20, 2015
joseph1832:
At what level? Do you expect a level 4 worker with school cert to earn that amount?.
Yes sir..


That's the minimum global standard obtainable in the developed world.

An average laborer earns 7-8 USD/hr. That is approximately 1,500 NGN. 8hrs a day makes 12,000 NGN and 20 days a month makes 240,000 NGN. It's simple arithmetic.


However this is only obtainable in theory because productivity is marred by so many things here in Nigeria. Infrastructures like power supply is one of them.

The public sector on it's own part is even worse.


The economy will grow when more people earn better. Their purchasing power will increase.

What we have at the moment is a few crop of super wealthy Nigerians who splurge their ill gotten wealth luxury items while a majority of the population can't even afford their basic needs.

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Nobody: 8:38am On May 20, 2015
When I read about the pitiable salary paid to bankers (contract) on NL fp, I knew the end of such nonsense was here. Good job Cramjones.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Nobody: 8:38am On May 20, 2015
Kriptic:

He's right. Entry level full staff (the ones not on contract) earn that amount and more depending on the bank. It is the contract staff that earn peanuts.

Are the contract staff not humans

Do they have a separate degree?

2 Likes

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Nobody: 8:40am On May 20, 2015
dunkem21:
Get your facts right, bro.

Entry level in any Nigerian bank earns above N120k. ..
..Contract and support staff earn less though.


Permit him with the entry level , but he know what he's talking about.

ok, Entry LEVEL 120, 000 and your are not promoted after 7 years......
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Kriptic: 8:41am On May 20, 2015
Ariel20:


Are the contract staff not humans

Do they have a separate degree?
Calm yourself abeg. Did I state anywhere that they are not humans? I was just telling him the difference between the salaries of full staff and contract staff.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by colossus2: 8:41am On May 20, 2015
Maxymilliano:



Nope ! ND holders mostly ...
So what happens when they become B.Sc holders and their conversion is halted?
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by OmerianConsult: 8:42am On May 20, 2015
For the doubting Thomases, Jones' assertion is true and not just for the banking sector. Telecoms is supposed to be the next big payer after oil companies but my in-law was being paid N48,000 by Computer Warehouse though Celtel where he was sent gave N220,000. And to list the expensive courses and certifications that the guy took before landing the job! And we can't blame the organizations. NLC has been in coma ever since Oshiomole left. Say NO to contract jobs!
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by deathwing(m): 8:44am On May 20, 2015
obynaDmob:


Entry level ke?? That one is not possible naw... I don't think graduate trainees sef earn that low


Entry Level...Graduate Trainees...new recruits..executive trainees... all the same thing. Most don't earn below 180k. Some earn 250k sef

1 Like

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by joseph1832(m): 8:45am On May 20, 2015
Brandnew2:

Yes sir..


That's the minimum global standard obtainable in the developed world.

An average laborer earns 7-8 USD/hr. That is approximately 1,500 NGN. 8hrs a day makes 12,000 NGN and 20 days a month makes 240,000 NGN. It's simple arithmetic.


However this is only obtainable in theory because productivity is marred by so many things here in Nigeria. Infrastructures like power supply is one of them.

The public sector on it's own part is even worse.


The economy will grow when more people earn better. Their purchasing power will increase.

What we have at the moment is a few crop of super wealthy Nigerians who splurge their ill gotten wealth luxury items while a majority of the population can't even afford their basic needs.
That's the developed world. Here we don't pay per hour, even per week is not done. Every department/government organization has its own salary structure.

If they can however unify it and make it one. Then may be what you said above can be obtainable. If not, I don't see it ever being possible because which Nigerian business man/government will want to per hour?.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Maxymilliano(m): 8:47am On May 20, 2015
colossus2:

So what happens when they become B.Sc holders and their conversion is halted?



The conversion is not as easy as it seems, the emphasis is more on the qualification at entry level.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by nairalandbuzz(m): 8:48am On May 20, 2015
CramJones Let me tell you my story...

I was once a contract staff in one of the banks... GTBank to be precise and was in technology department. Then around 2012, there was a scam in the bank and in looking for the funds, they concluded that the contract staffs dont earn much and their accounts (most especially those in Technology as they have very limited access to some servers) should be checked... My account was part of the account that was flagged and could you believe I was being questioned what I am doing with N300,000 and $2000 in my account and why making dollar transactions...

I was so baffled that I asked them to check all my transactions that I dont withdraw the salary I get but instead convert it to dollars so as to pay my school fees in University of London ... this and that... some other guys were queried just for N170k in their account and after all their investigations, they found nothing to hold us to and they went ahead to send us back home and some guys are still jobless till today...

These and many more Nigerians are facing in the organisations and it is not the organisational fault but the fault of the so called recruitment offices laying down such useless foundation for their own children because their children will surely come by to meet same implementation happening to them.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by CecyAdrian(f): 8:49am On May 20, 2015
Seriously, I do not know what the problem of most Nigerians are!!
Someone has proposed a way out or a kind oF solution to the problem and some people are shamelessly proving him wrong and trying to bring the zeal to do something down.
So, I want to ask.
Are contract staffs not mostly graduates??
Why are they pid less
Don't the contract staff work round the clock as entry staff, why the discrimination and poor treatment.
And are these contract staff not the category of staff that work or rather "slave" the more to make money for the bank?.

We should rather encourage the Op and lend our support towards a way to stop these dehumanizing act practiced by banks. Instead of trying to prove him wrong and cover it up with the pay of entry level staff.

3 Likes

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by bayulll01(m): 8:51am On May 20, 2015
cramjones:

O
Do you work in a bank? Or do you just feel like talking?

-CramJones

Cramjones

The sorry state of nigeria banking system is pathetic and I can categorically confirmed what the other writer mentions about UBA,UBA is even better when you take a look at access bank contract staff you will weep for them,I was a CCO and a fund transfer in access before I ran for my life,the way they treat their contract staff is just so pathetic,the Teller steal customers money,steal overage on ATm,and suppressing of cash,the outsourcing firms has done more harm than good to the banking industries,they pay stipends to their staffs,no incentives,you are only entitle to 3weeks in a year,no loan for them,is just a crazy world they live in and all still bound down to our uselesss and silly leaders,all we can pray for is the incoming president to look into the issues of contract staffs in nigeria,as for our lawmakers,labor union all of them will give account of their terrible doing when they died
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Homguy(m): 8:51am On May 20, 2015
Maxymilliano:



The dude is right, only contract and support staff earn peanuts
you are spewing gibberish! Those guys contract staffs are graduates too and deserve better. I feel people like you are probably full staffs that think others shouldn't earn as much as you.

1 Like

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Nobody: 8:51am On May 20, 2015
joseph1832:
That's the developed world. Here we don't pay per hour, even per week is not done. Every department/government organization has its own salary structure.

If they can however unify it and make it one. Then may be what you said above can be obtainable. If not, I don't see it ever being possible because which Nigerian business man/government will want to per hour?.
I would as long as the staff puts in as much work and not just sit or loaf around and expect a payment at the end of the week/month.


But then, like I said. So many factors have to be considered which includes infrastructures that supports productivity like power supply.

A lot still has to be done with our labour laws.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Homguy(m): 8:54am On May 20, 2015
Maxymilliano:



The conversion is not as easy as it seems, the emphasis is more on the qualification at entry level.
conversion is no as was as it seems? Who's even talk in about conversion here? Pay these guys right!
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Maxymilliano(m): 8:54am On May 20, 2015
colossus2:

So what happens when they become B.Sc holders and their conversion is halted?



https://www.nairaland.com/2284909/diamond-bank-sacks-over-1000


Read through the post above link, particularly the latter part that focuses on how Skye Bank transferred the service of tellers and non-core staffs to agencies.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Maxymilliano(m): 8:59am On May 20, 2015
Homguy:
conversion is no as was as it seems? Who's even talk in about conversion here? Pay these guys right!



I agree with you on the pay, but as contract staff, apart from pension contribution, you are not entitled to gratutiy and related benefits.


It is a cost-saving approach, and not peculiar only to banks.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by CecyAdrian(f): 9:02am On May 20, 2015
Kriptic:

He's right. Entry level full staff (the ones not on contract) earn that amount and more depending on the bank. It is the contract staff that earn peanuts.


Oh please!!
Are they not humans, are they not graduates, are they not the ones that work d more??
Please stop the discrimination
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by abbeycial: 9:04am On May 20, 2015
cramjones:
I read about the pay scale of bankers in Nigeria with deep and utter sadness. I haven't been able to sleep since I read the stories on Nairaland, for I have been deeply disturbed. Prior to these articles, I erroneously thought that entry level bankers earn nothing less than 120k, but I was very wrong! My nephew is banker, but he keeps asking me to send him money. I joke about it, albeit ignorantly, not knowing his pay is that of a slave.

Fellow Nigerians, granted we have over 50 million unemployed youths, nevertheless should we accept to be slaves in our own country? What will a young man full of life and energy do with 24k/month or $110 per month. I can remember many times I have spent such an amount one night on a family dinner. This is not fair and must be stopped! We must task the incoming administration to review our labor laws. It is unacceptable for a graduate working in a multibillion dollar coporation as a banker to earn less than $4/day.

Instead of trekking from pillar to post, do something about it! I would like to urge all youths to use the power of social media and spread the word. We must start that way. I will do my part by telling the C-in-C to tackle this slave labor head on. Not just the banks, but we must have enforcable laws that all employers of labor must abide to. Little wonder why Kelechi and Kayode are doing drugs in Indonesia. Little wonder why Ifeoma, Kabiru and Femi are drowning in the mediterranean trying to cross to Europe. We must put an end to modern day slavery, wickedness and greed!

You have all taken the right step by revealing it. Now make it popular and we will work on the one-on-one side. This must stop!

-CramJones

u are making lots of sense bro
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by jaybee3(m): 9:05am On May 20, 2015
The real question is if they are being employed with same job description of permanent staff.

Contract work is usually employed as a short term solution/strategy to fill gaps in vacancies and/or roles difficult to recruit to as a direct result of the technical requirements needed for the role.

Most people on skilled contracts actually get paid more in the western world so we need to see if it's exploitation by these companies
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by mikolo80: 9:06am On May 20, 2015
StealthyMe:
Thats what happens when you have an unconcerned government in power...



Greater days ahead!
nooo thats what happens when you have an unconcerned citizenry

1 Like

Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by Kriptic: 9:07am On May 20, 2015
CecyAdrian:



Oh please!!
Are they not humans, are they not graduates, are they not the ones that work d more??
Please stop the discrimination
Look, you people should stop throwing tantrums over my post. Where on earth did I state or even imply that they are not humans? Did I not emphasize that they earn peanuts? I was simply informing the poster of the difference between full staff and contract staff. Stop trying to put additional meaning to my post.
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by willibounce1(m): 9:07am On May 20, 2015
This is a very serious issue and no basta..rd should try to defend these stupid banks and these contract job nonsense. We have too many greedy people in this country. If you cannot pay contract staff well enough, then make use of your full staff.

This outsourcing nonsense too must stop. Foreigners/ Nigerians owning security and cleaning companies and using Nigerians as slaves to work from morning till night and earning 15/20k.

If any company needs contract staff, they should do away with greed and pay reasonable salaries. If you cannot pay well, then employ your full staff directly and pay them well.

The new govt must really put a stop to this nonsense. IT MUST STOP. NLC should wake up in this new administration. We need to see what they are doing, not just singing "solidarity forever"
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by mikolo80: 9:11am On May 20, 2015
cramjones:
I read about the pay scale of bankers in Nigeria with deep and utter sadness. I haven't been able to sleep since I read the stories on Nairaland, for I have been deeply disturbed. Prior to these articles, I erroneously thought that entry level bankers earn nothing less than 120k, but I was very wrong! My nephew is banker, but he keeps asking me to send him money. I joke about it, albeit ignorantly, not knowing his pay is that of a slave.

Fellow Nigerians, granted we have over 50 million unemployed youths, nevertheless should we accept to be slaves in our own country? What will a young man full of life and energy do with 24k/month or $110 per month.

Not starve or become an area agbaya
cramjones:

I can remember many times I have spent such an amount one night on a family dinner. This is not fair and must be stopped! We must task the incoming administration to review our labor laws. It is unacceptable for a graduate working in a multibillion dollar coporation as a banker to earn less than $4/day.

ranting /epistlising will not change anything,you realise right
cramjones:

Instead of trekking from pillar to post, do something about it! I would like to urge all youths to use the power of social media and spread the word. We must start that way. I will do my part by telling the C-in-C to tackle this slave labor head on. Not just the banks, but we must have enforcable laws that all employers of labor must abide to. Little wonder why Kelechi and Kayode are doing drugs in Indonesia. Little wonder why Ifeoma, Kabiru and Femi are drowning in the mediterranean trying to cross to Europe. We must put an end to modern day slavery, wickedness and greed!

you cannot enforce demand and supply br'er
cramjones:

You have all taken the right step by revealing it. Now make it popular and we will work on the one-on-one side. This must stop!

-CramJones
Re: My Take On The Slave Labor In Nigerian Banks - Cramjones by DanielPop(m): 9:12am On May 20, 2015
All this talk about slave labour is missing the point. Employment contract has the following - Offer and acceptance. They make you an offer, you accept or reject. It is not an offer you cant refuse. If you accept it, then live with the terms and condition. If you accept the offer and somewhere down the line you find that your employer has breached it, recourse to the law or walk....resign! Dont stay in there and start bitching all over the place. LEAVE!!! Anything worth doing, is worth doing well. Period.

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