Earlier this week, news filtered in that Ecobank Nigeria Plc has relieved 50 per cent of the staff in top management position of their jobs. Now, the bank has clarified that those affected failed the performance test conducted to promote its workforce.
Indeed, the bank claimed that whereas the test determined the exit of some, it led to the promotion of about 10 per cent or 300 top performing staff which cut across all cadres of the workforce.
According to the Deputy Managing Director of Ecobank, Mr. Anthony Okpanachi, the bank is committed to rewarding excellence. As a result, it will continue to take appropriate positive action in line with international best practice to sustain excellence in its work force.
“Our people are our precious assets who enable us maintain service quality standards, uphold customer satisfaction and enhance our brand experience.
‘’The sacked staff were reportedly selected through an appraisal exercise conducted using an in-house developed performance management system which uses both financial and non-financial metrics to categorize staff.”
Justifying the action further, Okpanachi explained that the same performance parameter that prove the performance of those promoted also revealed how the disengaged workers had under-performed.
He maintained that as an institution, Ecobank recognizes and rewards exceptional performance, innovativeness, high professional culture, and professionalism.
Part of this article was culled from Vanguard.