Union Bank office
Union Bank of Nigeria Plc said it has promoted 636 deserving members of its workforce.
The bank also revealed that it has also commenced an appraisal system such that workers that perform below a defined standard are to be disengaged from the financial institution.
A statement from the commercial bank said that in all, a total of 1,000 staff had been promoted in the last three year in an exercise aimed at boosting the morale of its workforce.
It added: “And in a bid to inject fresh blood into the system, a total of 360 entry trainees have also been recruited, bringing the total numbers of trainees employed over the last three years to 1,000 under the current management led by Mrs Funke Osibodu.
“In addition, the bank has concluded arrangement to hire 200 experienced professional staff in addition to 140 already hired over the last 3years in order to consolidate the repositioning exercise, which has lifted the bank into the league of the top banks in the country.”
Continuing, it added: “To reward hard work, Union Bank has also commenced an appraisal system with payment of part of compensation based on performance. Consequently, staffers whose performance were assessed as below acceptable minimum standard are expected to exit the bank.”
The recent 360 entry levels staff recruited according to a statement from the bank have commenced two months intensive training in three batches with the first batch of 120 very close to concluding their technical training, and the second batch recently commencing same.
A similar training was done for the 640 entry level members of staff initially employed two years ago, it stated, saying that these group of 640 staff are now about to commenced another two and half weeks advance level training.