United Bank of Africa Enlists 4000 Staff, Elevates over 5000 & Increases Salaries by 170%
By Abdul Rahman Suagibu –
NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- NIGERIA, United Bank of Africa (UBA) Plc in this new year, has enlisted 5,000 and with a lot of excitement as the bank on January 5th 2020 pronounced the promotion of new grades as well as salary additions this January, 2020. Beneficiaries expected to receive 170% salary increment and benefits, whilst many have been catapulted to higher grade levels.
In a carefully planned restructuring embarked upon by the bank in the last quarter of 2019, United Bank of Africa has transformed its grading system and processes to become one of the most competitive within the industry. The bank has its grade levels to level twelve from entry level to the top of the pyramid where previously it had been sixteen 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.
Much more importantly, 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 labor among the Nigerian banks with a staff strength of close to 20,000.
Kenny Uzoka – the bank’s Group Managing Director/Chief Executive Officer, disclosed the bank’s new staff improvement concepts to the elated employees, stated that, UBA is continually seeking new ways to improve the fortunes of its staff as they are the hub of the organization . Uzoka 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 organization successful for our customers and shareholders. UBA recruits highly talented staff that, performs at the best standards and deserve to be remunerated accordingly’
In addendum, 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.”
UBA is one of Africa’s leading banks with operations in 20 African countries. The bank also has presence in the global financial centers of London, New York and Paris. UBA provides banking services to more than 17 million customers globally, through diverse channels.
For New Africa Business News Abdul Rahman Suagibu Reports, Africa Correspondent