It is indeed a year of elevation for many members of the staff of the United Bank for Africa Plc as it says it has promoted over 5,000 employees to new grades as well as salary upgrades with immediate effect from January.
The financial institution’s management said the beneficiaries of the exercise would receive up to 170 per cent increase in their salaries and benefits, while a good number had been moved to higher grade levels.
According to the management, in a carefully planned restructuring embarked upon in the last quarter of 2019, it transformed its grading system and processes to become one of the most competitive within the industry.
“As a leading financial institution, we do not take issues relating to our staff (members) 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,” UBA said in a statement.
It noted that it crashed its grade levels to 12 levels, from entry level to the top of the pyramid, where previously it had been 16 levels.
This, the bank said, meant that it workers would find it easier to attain top leadership management positions at UBA as their careers progress much faster.
The bank disclosed that in a massive recruitment drive, over 4,000 new employees resumed in the last week of December, 2019, in Nigeria.
