SEASON OF JOB LOSS: HOW TO SURVIVE THE TSUNAMI

The gale of job losses being witnessed in the country due to the current economic hardship has caught up with Ecobank Nigeria, which has sacked over 1,040 of its employees.

The PUNCH reported on Tuesday that Diamond Bank Plc sacked over 200 members of its workforce, while FBN Holdings, the parent company of First Bank of Nigeria Limited, recently said it would prune the number of its employees by 1,000.

Top officials of the pan-African lender confirmed to our correspondents that the initial list of those to be sacked had over 1,400, workers but was later reduced to “a little above 1,000.”

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Ecobank spokespersons declined to comment on the number of workers who were disengaged.

However, the lender said in a statement that it had converted over 200 outsourced personnel to permanent employees as part of its drive to attract and reward talent, while also repositioning for improved efficiency.

In line with the recognition of excellence, the bank also said it had recently implemented a merit-based pay increase for the top performers across all cadres.

The Managing Director, Ecobank, Mr. Charles Kie, was quoted as saying that converting qualified outsourced staff to permanent workers was in line with the bank’s commitment to developing and growing talent by nurturing its people along their career paths and giving them access to higher responsibilities.

He said the bank was resolute that recognizing and rewarding excellence would drive its goal of achieving exceptional performance in the industry.

Kie said, “The bank, in its renewed drive for optimal performance, has in addition realigned certain roles bank wide to ensure improved efficiency. This necessitates the exits of some staff that were adequately compensated.

“This is in furtherance of a market repositioning exercise designed to strengthen the bank’s business across all markets where it operates.”

He emphasised that the ETI was on a trajectory to achieve leadership and that the Nigerian subsidiary remained one of Ecobank Transnational Incorporated’s major

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HOW TO SURVIVE WHEN LAID OFF FROM YOUR CURRENT JOB

In the world today, it seems as if layoffs are increasing in popularity.  Lay-offs are something that you regularly hear in the news.  As more businesses are forced to downsize, you may find yourself laid off from your job position. This condition may be permanent or temporary; it often depends on the needs and discretion of your employer.  Either way, should you find yourself laid off, your struggle still continues. 

When it comes to lay-offs, one of the questions commonly asked is “what should I do?”  In all honesty, there is actually so much to be done in the event that a JOB is lost.  For starters, you should have clear reasons to first examine your qualification and area of expertise, your personal savings and investments plus your pension contributions. Identifying the aforementioned will provide a succor to you and your family in the interim.

If you are laid off from work, you should find out if you are entitled to laid off benefits or compensations, especially if you did not commit any criminal or fraudulent offences. And be conscious of the fact that the job is not yours for life and it will one way or the other comes to an end one day. Your severance package or laid off benefits is intended to serve as a palliative to cushion the shock of Job loss. That is why you will want to start taking action to help you find a new job, possibly the sooner the better.  The first step in doing this involves creating a resume for yourself.  You can either craft your own resume or you can engage a professional resume writer to do the job for you.  Either way, you will want to ensure that your resume is one that will turn company heads.

Once you have a resume in hand, you should then start examining all job openings in your territory.  When looking for job, it is advisable to use the local journal or the internet for your search.  Career hunting websites are nice and easy tools to find and apply for jobs online. For your own safety, you should be careful in giving out confidential information to any company or job recruiting firms that you have never heard of before or unable to research their details online.

If you are a little bit nervous sourcing for a new job, you should know that you are not alone in that feeling. Finding a new job can be a stressful process, especially when it comes to time for an interview. That is why you may consider talking to friends, colleagues or family members who has had such experiences. This practice, if done enough, will help to reduce the anxiety often associated with location interviews.  You may also discover that you are able to give better answers, as well as building better confidence at your next interview.

If you are unsuccessful in your job search, you may consider registering with certified

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