Some Skye Bank staff have been thrown into an ecstatic mood after the financial institution issued them promotion letters.
The management of Skye Bank Plc has announced the promotion of over
300 of its employees under the 2016 annual staff performance review
exercise, The Punch reports.
The promotion, which cuts across several cadres up to the
managerial level, according to the bank, is in line with its effort to
reward staff members who performed creditably in their various roles
during the past financial year.
The bank also announced that it compensated some staff members in
the senior management cadre with monetary rewards for their diligence
and productivity, while a handful of staff members who failed in the
performance appraisal exercise on account of poor performance were
sacked.
Although it did not disclose the number of the exited staff
members, The Punch gathered that about 55 persons were affected in the
exercise.
“The management of the bank has since approved payment of the
entitlement and severance packages to the exited staff as contained in
their engagement letters and as agreed with the workers’ union,” it said in a statement.
While announcing the outcome of the annual performance exercise,
the Group Managing Director/Chief Executive Officer, Skye Bank, Mr.
Tokunbo Abiru, congratulated all staff members of the bank for their
hard work in the last financial year, especially given the challenging
operating environment.
He said, “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.”
Abiru urged the newly-elevated staff members to see their promotion
as a call to re-dedicate themselves to excellence, adding that those
who deliver consistently on the job would earn commensurate benefits
that befit high performers.
Skye Bank had last week announced the voluntary resignation of some executive directors from its services.
The directors, who had served in executive management capacity for
nearly two years, were part of the old Board of Directors of the bank,
some of who had earlier resigned voluntarily on July 4, 2016 following
the intervention of the Central Bank of Nigeria, which consequently
re-constituted the Board.
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