Afrigather NOVA Service provider Financial institution Restricted, a number one service provider financial institution in Nigeria, has introduced a considerable enhance in workers salaries, efficient November 1, 2023.
The rise in wage by as much as 50% throughout all workers classes by the Board of Administrators is a strategic transfer which exhibits a powerful show of dedication to its workforce and comes few months after the Financial institution introduced the approval of its shareholders to transition right into a business financial institution, marking a brand new period.
Based on the Financial institution, the choice to up its wage construction comes after reviewing the affect of the escalating price of residing and dire world financial conditions.
Acknowledging the challenges introduced by the prevailing financial circumstances, the Financial institution has thus taken proactive steps to deal with these points reaffirming its dedication in prioritizing worker welfare with an purpose to ensure their well-being and monetary stability.
In the identical vein, the Financial institution has introduced the graduation of its 2024 NOVA Graduate Trainee Program, set to start in January 2024 in Lagos. This program is a part of its dedication in the direction of nurturing the following era of banking professionals with related abilities and information required to drive innovation within the monetary sector. The Program can also be undertaken by the Financial institution to empower contemporary graduates and equip them with related abilities required for contemporary banking apply pushed by cutting-edge applied sciences, fostering innovation whereas getting ready them for management positions.
Explaining additional, Mr. Wale Oyedeji, the Managing Director/Chief Govt Officer, stated, “following a complete evaluation of the present financial circumstances and their affect on our esteemed workers, we’ve opted to realign our wage construction to mirror the financial realities. We acknowledge the implications of current financial coverage actions on prices and this adjustment is geared toward easing the monetary burden borne by our workers and their households”.
Mr. Oyedeji reiterated that the administration locations a premium on recognizing and selling excellent efficiency as integral to the Financial institution’s basic rules. He emphasised the assumption that fostering a harmonious method to each skilled and private development, considerably enhances the general well-being and satisfaction of its staff.
Whereas emphasizing the importance of the Graduate Trainee Program, he added, “The NOVA Graduate Trainee Program is a pivotal initiative for us. We offer contributors with curriculum taught by best-in-class college to empower them to create superior worth within the markets we serve. This aligns with our mission to drive the following revolution wave of banking, and we consider these trainees will play an important position in shaping the way forward for the monetary providers trade.”
He emphasised that the NOVA Graduate Trainee Program represents the Financial institution’s dedication to investing in human capital, equipping trainees with important abilities and information required to navigate their careers efficiently.
About 70 workers are set to renew because the Financial institution prepares to begin operation on its Business Banking license. Near fifty of those new workers have been scheduled for the Graduate Trainee Program and the Financial institution will proceed to draw skills to drive its imaginative and prescient within the business and retail banking area.
Bede Alugbue, the Head of Human Capital and Tradition Administration at NOVA Service provider Financial institution, highlighted the rigorous choice course of, saying, “Out of over one thousand candidates, we meticulously chosen one of the best 49 candidates to endure the intensive coaching and change into banking professionals. This system presents invaluable insights into the worldwide banking enterprise, offering important abilities and experience to drive revolutionary monetary options.”
Mr. Alugbue added that the Financial institution stays dedicated to recruiting excellent people who will contribute to creating worth for our shareholders, governments, and all stakeholders, notably because the Financial institution transitions right into a business banking franchise.
NOVA Service provider Financial institution Restricted is an funding grade rated service provider financial institution in Nigeria that gives an built-in suite of monetary options overlaying Monetary Intermediation, Wholesale and Funding Banking, Asset and Securities Administration, Commerce Providers, Money Administration, Transaction and Digital Banking. Only recently, the shareholders of the financial institution accepted the convert to business financial institution.
