United Bank for Africa (UBA), operating in 19 African countries, has announced the promotion of 3,000 staff members across its global network, reinforcing its commitment to human capital investment and career progression.
In a letter written on Monday, to the staff by Kennedy Uzoka, its CEO, “Since my recent appointment as GMD/CEO, one of my priorities has been to address the needs of our people. I strongly believe that if we take care of our people, our people will take care of our customers – our ultimate employers.
“Investment in our human capital is critical to our success. It is a product of our ability to invest for the long term and create an institution that is built to last. It is the bedrock of our determination to be Africa’s leading customer focused bank.”
In addition to the Group-wide promotion, Uzoka unveiled a new workforce model and an extension of the existing Group car loan benefit, to 1,000 previously ineligible staff.
These policies are in direct response to staff feedback from the employee engagement survey, which the CEO said had helped define current and future human capital investment. The revised workforce model democratises access to leadership roles and opportunities at the bank.
All staff – regardless of track – can now aspire to leadership roles, if objective requirements are met.
Group chairman, Tony Elumelu, congratulated UBA’s executive management, as he noted the current challenging business environment, and encouraged the industry to follow UBA’s lead in putting its workers first.
“Promoting at this scale and creating career opportunities for staff at a time like this is an indication of industry leadership and worthy of emulation. It is no accident that this is occurring after the announcement of our strong 2016 results and as our shareholders receive dividends later this week. We want all our key stakeholders to share our success,” he said.
The chairman continued in praise of the bank’s equitable policy, “I commend the bank for creating robust and meritocratic career opportunities for all staff at a time when some in our industry are downsizing or casualising staff. This is truly remarkable.”
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