Bank Promotes 300, Disengages Others

• Bank Promotes 300, Disengages Others

Skye Bank Plc said it has effected career progression for more than 300 members of its workforce, after its 2016 yearly performance review exercise.

This is coming few days after four of the bank’s executive directors resigned, which the financial institution also called normal and an opportunity to let others contribute to the growth of the lender.

According to the bank, the promotion cuts across several cadres of staff up to the managerial and in line with the bank’s effort to reward staff who performed creditably in their various roles during the review period.

The bank also said it compensated some senior management cadre with monetary reward for their diligence and productivity, while a handful of staff who failed in the performance appraisal exercise on account of poor performance were disengaged.

Although the number of the disengaged workers was not stated by the bank, investigations showed that it was a little short of 60.

But the bank noted that it has since approved payment of their entitlement and severance packages, as contained in their engagement letters and agreed with the workers union.

The Group Managing Director/Chief Executive Officer of Skye Bank, Tokunbo Abiru, congratulated all staff of the bank for their hard work in the last financial year, especially given the challenging operating environment.

“We will continue to reward our staff who display high level of commitment towards their responsibilities and the bank’s strategic objectives. A performance-driven organisation is critical to the achievement of the bank’s overarching objectives,” he said.

He urged the newly elevated workers to see their promotion as a call to re-dedicate themselves to excellence, assuring that those who deliver consistently on the job, would earn commensurate benefits that befit high performers.