#BANKERSSPEAKUP Writes National Assembly To Pass A Bill On Entry Level Age, Outsourced Staff, Discriminatory Compensation Package For Bank Employees

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A group under the canopy of #BANKERSSPEAKUP has written a proposal titled, “Proposal for a Bill to Review Employability Age, Staff Categories, and Compensation Disparities in Nigerian Banks” to the National Assembly that will put an end to dichotomy and discriminatory package for bank Employees in Nigeria.

 

Among other issues mentioned in the proposal includes; age limit at entry level, dichotomy between HND and BSc staff, Outsourced Staff, remunerations and benefits among others.

 

We write to you with utmost respect and a sense of urgency as a concerned constituent to bring to your attention an issue that requires legislative intervention for equity and justice in the Nigerian banking sector.

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Preamble:
Many commercial banks in Nigeria continue to enforce stringent employability age limits, specifically for their Graduate Trainee programs, with maximum age caps set at 25 or 27 years. This practice systematically excludes a significant number of Nigerians from employment opportunities, particularly considering the delays in academic progression due to strikes and systemic challenges in the educational sector.

It is disheartening that these age restrictions persist unchecked, further exacerbating youth unemployment and denying many qualified individuals their right to fair opportunities.

 

Additionally, the dichotomy between full staff and outsourced staff in Nigerian banks presents another pressing issue.

Outsourced staff, who often form the backbone of operational roles, are frequently subjected to exploitative conditions. Many of them remain in their positions for over two years without conversion to full staff status or a structured career progression plan.

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This stagnation not only dampens morale but also exposes these workers to job insecurity, as they are often laid off arbitrarily.

Moreover, the compensation gap between outsourced staff and full staff is alarmingly disproportionate, despite outsourced staff contributing significantly to the banks’ operations. Such disparities undermine the principle of equity and the dignity of labor, calling for a legislative framework to ensure fair and commensurate remuneration for all categories of bank employees.

Recommendations:
I humbly request that you propose a bill to address the following:

1. Review of Employability Age Limits: Mandate commercial banks to set realistic and inclusive age limits for employment, taking into account systemic challenges in Nigeria’s educational and socioeconomic landscape.

2. Categorization of Bank Staff: Establish clear guidelines for the employment and conversion of outsourced staff, including a maximum period for remaining in outsourced roles before mandatory conversion to full staff status.

3. Fair Compensation: Enforce a proportionate and commensurate difference in remuneration between full staff and outsourced staff, ensuring equitable treatment and recognition of their contributions.

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This bill would not only enhance equity and fairness in the banking sector but also contribute significantly to reducing unemployment, ensuring job security, and fostering a more inclusive and humane workplace environment.

I trust in your commitment to serving the interests of your constituents and advancing the cause of justice and equity in Nigeria. I am confident that your intervention in this matter will bring about the desired change.

Thank you for your attention to this critical issue.

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