I read with amazement the story of downsizing/retrenchment of unity Bank staff yesterday. While it is true that the economy is in comatose. I keep wondering why is it the hard working lower cadre of staff that have to be sacrifice and suffer for the sin they never commited?
In all the banks downsizing exercise that we have witnessed so far,why is it that no staff in GM cadre or principal officers is being affected?
Are we saying that these category of bank's staff are immuned to downsizing. It is a fact that the major cost of any bank are on these category of staff. Imagine a GM earning as much as 3-4m per month apart from other fringe benefits.In some banks, a GM salary can comfortably pay a whole branch staff salary.
I used to know of a bank ED that all she does was to share joke a joke on mail to all staff everyday

In true sense.banks businesses are being driven by the lower cadre (branch managers downword). The bankers here will understand what i mean.
There should be a legislation in place that should make it mandatory that any downsizing in banks should cut across board.

Not only junior staff. And if you think they don't do anything you're wrong. Those guys have a lot of work to do.

eph12:
Not only junior staff. And if you think they don't do anything you're wrong. Those guys have a lot of work to do.

Not until u visit their HQ, u will modify the above..

eph12:
Not only junior staff. And if you think they don't do anything you're wrong. Those guys have a lot of work to do.

Im not talking about junior or senior staff. I mean the top echelon of the banks. For example, skyebank downsize in June this year how many top executive were affected when in actual fact, they nearly run that bank down if not for the quick intervention of the CBN. What im saying is more often than not, staff outside management cadre are often made to pay the price even when it is glaring that management has made and implemented a policy that backfire.

uwagimboo:


Not until u visit their HQ, u will modify the above..

You work in a bank?


I was referring to the general perception that senior level staff don't do much in organisations. That's wrong. The amount of paper work they deal with in a week is high. Planning, budgeting, administrating among others. You don't know until you get to that position.

alabiman:


Im not talking about junior or senior staff. I mean the top echelon of the banks. For example, skyebank downsize in June this year how many top executive were affected when in actual fact, they nearly run that bank down if not for the quick intervention of the CBN. What im saying is more often than not, staff outside management cadre are often made to pay the price even when it is glaring that management has made and implemented a policy that backfire.

For those guys to be retained don't you think there's something they have going for them? Maybe they brought a top client to the bank?

eph12:

You work in a bank?


I was referring to the general perception that senior level staff don't do much in organisations. That's wrong. The amount of paper work they deal with in a week is high. Planning, budgeting, administrating among others. You don't know until you get to that position.

Oga not all pls!!!!!!!!!!!!!!!!!!

As in!! dont go there...
Why do u think some lazy staff across branches will always want to run to HQ
Broz, i ve worked with an AM who all his career was at the HQ before he was sent to the branch, that was the end of his career...

uwagimboo:


Oga not all pls!!!!!!!!!!!!!!!!!!

As in!! dont go there...
Why do u think some lazy staff across branches will always want to run to HQ
Broz, i ve worked with an AM who all his career was at the HQ before he was sent to the branch, that was the end of his career...

If u say so

Na the ogas you want make them sack? The lower level staffs are the disposable ones..they can be gotten rid of with no repercussions.

Being on that pedestal in banking automatically qualifies you as a "liability"
In an event where you are pretty good at your desk, you then become "a disposable asset"

I've said it before here, the salaries and other fringe benefits of the so called management staff could be used to pay up salaries of staff in 3-4 branches.

Their kids can go to any school in the world and all expense paid by the bank.
Housing (I know of a few that live in high brow neighborhoods like banana island, Maitama etc) , latest cars and in one instance one top management staff was even given a private plane.

When they want to cut costs, their minds go to the liabilities in branches...
Well...if you can escape the sword of downsizing and grow to that level... You'd not be asking this question.
At that level, the bank might even pay for your poo.

That notwithstanding, these dudes are actually the business owners. U wan sack the person wey get the business ni?

Question for buhari

I blame Buhari

Job wey never do people naim banks de retrench.

Is nothing but pure wickedness.

recession/depression affects us all but d poor mostly because d jnr staff r being fired/sacked due to poor/low economy.


I blame our Finance minister who increased common 16x3 which is supposed to b =19 to 22 because of incompetence

I blame lie lie mohammed who has lied in 80% of all his statement e.g technically, BH has been defeated, we can create 1000 jobs from masquerade dressing etc


I blame APC dat has given us negative change instead of positive change



I blame myself and u dat is reading dis trend because we voted for dem APC


check ma signature pls

Technology is also making it easy to downsize the low level staff, with machine, a man can do five men's job

It's sad

it is the normal pattern of life.

the more "specialised skills " you acquire,

the higher your rank, the more u earn and finally

the less likely u may be affected in downsizing

ahaha!!An Oga can not sack an Oga just like that na!!!

brightahia:
recession/depression affects us all but d poor mostly because d jnr staff r being fired/sacked due to poor/low economy.


I blame our Finance minister who increased common 16x3 which is supposed to b =19 to 22 because of incompetence

I blame lie lie mohammed who has lied in 80% of all his statement e.g technically, BH has been defeated, we can create 1000 jobs from masquerade dressing etc


I blame APC dat has given us negative change instead of positive change



I blame myself and u dat is reading dis trend because we voted for dem APC


check ma signature pls

e for better mk u no comment.u succeeded in makin absolutely no sense.

alabiman:
I read with amazement the story of downsizing/retrenchment of unity Bank staff yesterday. While it is true that the economy is in comatose. I keep wondering why is it the hard working lower cadre of staff that have to be sacrifice and suffer for the sin they never commited?
In all the banks downsizing exercise that we have witnessed so far,why is it that no staff in GM cadre or principal officers is being affected?
Are we saying that these category of bank's staff are immuned to downsizing. It is a fact that the major cost of any bank are on these category of staff. Imagine a GM earning as much as 3-4m per month apart from other fringe benefits.In some banks, a GM salary can comfortably pay a whole branch staff salary.
I used to know of a bank ED that all she does was to share joke a joke on mail to all staff everyday

Because they are harder to replace due to their broad experience

It is like a war, who do you put at the front? Commander or the recruits? The recruits are dispensable because they are just like soldiers in a game of chess.

Myopic Nigerian

You are comparing a GM or ED that the bank have invested alot... Do you know the amount of investment a company invests in a GM?.... Trainings abroad... Vast knowledge of banks products.... Networking contacts etc... And you dare compare them to a mere hnd/ond holder....you invest millions on an individual and sack him and?? You are not a serious person walahi

Moreover how many GM are in a bank set?... Max of 11...those guys have paid their dues

In the end, there is not much difference between senators and business executives. Both of them have no compunction about robbing the company blind while the little guys bear the brunt of their actions.

All this blather about GM or ED experience. Whose decisions do you think got the bank broke in the first place? They oversee loans to paddies, and when it goes south, they don't resign, they downsize.

You are even lucky ur ED plays,some don't and there is nothing u will do about it,its easier to recruit the lower cader than the big boys in the bank

uwagimboo:


Oga not all pls!!!!!!!!!!!!!!!!!!

As in!! dont go there...
Why do u think some lazy staff across branches will always want to run to HQ
Broz, i ve worked with an AM who all his career was at the HQ before he was sent to the branch, that was the end of his career...

That you worked with a lazy docile unproductive AM is no guarantee for you to classify all senior guys as lazy

I worked with a GM.. And the earliest we close was 11pm... So many deadlines... So many reports... So many performance meetings... Mpr with top management... See there is no GM and above that closes later than 10pm daily.... Moreover the bank always invest heavily on them... Trainings... Courses.. Retreats etc..... ...stop saying what you don't know.

You want to compare a GM and an ond/hnd staff that all he does is use finacle to count and post money... When they hardly use their brain and never develope theirselves academically after getting the job

You can't buy experience. The Bank has invested heavily in those guys

All these guys that work in the branches always feel they are working and the head office guys lazy.branch people that do not use their brains to work.. Always working like programmed robots


All the branch guys do is post and count money... Go to fincon, treasury operations, performance management.,credit and risk dept.... Heck even corporate services and corporate communications and see what is work.... Hard work where you use your brain and intelligence all the time....no head of dept in head office closes later than 9pm on a good day... Then 10pm on a stressful day... Work on weekends during monthends

Cos it is more economically reasonable to pay compensation fee for lower level staff than higher level staffs

Sigh