Over 5,000 staff of the United Bank for Africa (UBA) Plc,
started the new year with a lot of cheer as the bank yesterday announced its
promotion to new grades as well as salary upgrades with immediate effect this
January.
Those who are beneficiaries of this exercise will receive up
to 170% increase in their salaries and benefits, whilst a good number have been
moved to higher grade levels.
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In a carefully planned restructuring embarked upon by the
bank in the last quarter of 2019, UBA has transformed its grading system and
processes to become one of the most competitive within the industry. The bank
crashed its grade levels to 12 levels from entry level to the top of the
pyramid where previously it had been 16 levels. This means that staff will now
find it much easier to attain top leadership management positions at UBA as
their careers progress much faster.
In a massive recruitment drive , over 4000 new staff members
resumed in the last week of December 2019 in Nigeria alone at the bank. UBA
currently stands as the highest employer of labour amongst Nigerian banks with
a staff strength of close to 20,000.
UBA’s Group Managing Director/Chief Executive Officer,
Kennedy Uzoka, who announced the bank’s new staff improvement initiatives to
the excited employees , noted that UBA is continually seeking new ways to
improve the fortunes of its staff as they are the backbone of the organisation
.
Uzoka who spoke to the staff in a bank-wide live broadcast
said, “As a leading financial institution, we do not take issues relating to
our staff lightly. We take great pride in being a listening bank that has the
ears of our employees as they turn the wheels which make the organisation
successful for our customers and shareholders. UBA recruits highly talented
staff who perform at the best standards and deserve to be remunerated accordingly”
Continuing, Uzoka said “We have also taken steps to
ensure that our bank remains at the top tier as it relates to talent pool. We
want to train the best and we have crashed the grade structure to make it
easier and faster for our employees to progress along their careers. With this
new grade structure, it will be possible for a new graduate employed at UBA to
rapidly chart their own careers and become GMD by the age of 36.”