Introduction:
The banking industry in Nigeria is one of the most significant contributors to the economy, and it is continuously growing. As more people are employed in this sector, there is a need to examine the bank contract staff salary in Nigeria, as this can affect the employees` motivation to perform well.
Bank Contract Staff: Who are they?
Banks in Nigeria employ different categories of staff, and one of such categories are contract staff. Contract staff members are employees who are hired for a specific period, usually a year or six months, and their contracts are renewable.
Most times, these staff members work in departments like customer service, marketing, and operations. They also work directly with customers to ensure that the bank`s operations run smoothly.
Bank Contract Staff Salary in Nigeria:
As with all jobs, salaries for contract staff in Nigerian banks vary depending on the bank, the job type, and the experience level. However, the average salary for a contract staff member in the banking industry in Nigeria ranges from ₦40,000 to ₦100,000 monthly.
This salary is lower than what permanent staff members earn, and it is another reason why contract staff members do not perform as optimally as they could. With low salaries, contract staff members find it hard to sustain their livelihoods and meet up with their personal expenses, which can be a source of distraction from their jobs.
Challenges faced by Contract Staff Members:
In addition to low salaries, contract staff members in Nigerian banks face several challenges which can affect their performance. Some of these challenges include:
1. Job Security:
As contract staff members, they do not have job security, since their contracts are renewable. This makes them uncertain about their future in the bank, and they are always worried about losing their jobs.
2. Lack of promotion opportunities:
Contract staff members do not enjoy the same promotion opportunities that permanent staff members do. This can lead to frustration and demotivation, as they see little or no chances of progressing in their careers.
3. Discrimination:
In some cases, contract staff members are discriminated against by permanent staff members. They are seen as inferior and are not given equal treatment, which can adversely affect their morale and performance.
Conclusion:
The bank contract staff salary in Nigeria is an issue that needs to be addressed by banks to ensure that contract staff members are motivated to perform optimally. Banks should consider increasing the salaries of contract staff members to a level that is commensurate with their experience and job type.
Additionally, banks should provide contract staff members with job security, equal promotion opportunities, and ensure that they are not subjected to discrimination. By doing these, contract staff members will feel valued, and this will translate to better performance and improved customer satisfaction.