Skye Bank has announced the promotion of over 875 staff in its employment following the completion of 2017 annual staff performance review exercise.
The promotion exercise, which cuts across several cadres of staff up to middle managerial level, is in line with the bank’s commitment to consistently reward staff who perform creditably in their various roles during the past financial year.
According to sources from within the Bank, a handful of staff who failed in the performance appraisal exercise on account of poor performance; disciplinary issue or low productivity were exited. The management of the bank has since approved payment of the severance packages to the exited staff as contained in their engagement letters and as agreed with the workers union.
In a statement released to all staff, the Group Managing Director/Chief Executive Officer of Skye Bank, Tokunbo Abiru, said “your promotions, which are well deserved, come as a reward for dedication, commitment and conscientiousness which you have exhibited over time in your diverse responsibilities’
According to Abiru: “Needless to say, Management is unwavering in its commitment to ensuring that industrious performance that clearly impacts positively on the Bank’s bottom line will always be rewarded appropriately”.
While congratulating promoted staff, he urged and encouraged all staff to continue to put in their best at all times, assuring that those who deliver consistently on the job would earn commensurate benefits that befit high performers.
Recall that during the 2016 exercise, over 300 staff were elevated and several others commended and rewarded for high productivity. Analyst are of the view that the promotion of such number of employees for its 2017 exercise, coming on the heels of tough operating environment, post-recession is exemplary and expected to improve the performance of employees.
Skye Bank is one of Nigeria’s Systematically Important Banks (SIB) and a leading retail bank with a wide-ranging electronic solutions promoting consumer lifestyle and e-commerce experience for its custom
