The management of Ecobank Nigeria Limited has announced the recent promotion of about 300 top performing staff. The promotion exercise which affected about 10 per cent of the employees is in line with the bank’s commitment to recognizing and rewarding excellence and exceptional performance. The promoted staff cut across all cadres of the workforce. Also few staff that performed below expectation have been exited.
In his statement announcing the promotion, Deputy Managing Director of the bank, Mr. Anthony Okpanachi said the bank is fully committed to rewarding excellence and will continue to take appropriate positive action in line with international best practice to sustain excellence in its work force. In his words “Our people are our precious assets who enable us maintain service quality standards, uphold customer satisfaction and enhance our brand experience”.
The affected staff were 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.
According to Mr. Okpanachi the same Performance parameter used to determine the performance of those promoted, also revealed underperformance of the disengaged workers. He maintained that Ecobank is an institution where high professional culture and exceptional performance, innovativeness and professionalism are recognized & rewarded.
Ecobank Nigeria is part of the Ecobank Group represented in 36 African countries. The Group employs nearly 19,000 people from 40 different countries in over 1,200 branches and offices.