Zenith Bank Staff Salary Structure will be explicated in this article. This will give you a clue about what to expect from them.
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Salary drives the attitude of a person to an optimal commitment to his occupation. The better a person is paid, the more he or she takes risks to ensure that the job is done properly and effectively.
A branch manager of a particular new generation bank once complained about the pay package and wished that she worked in a better place.
This is not the story of the staff of Zenith bank as they are handsomely rewarded for their service delivery. This is why of all the banks in Nigeria, Zenith bank boasts of her staff working for a longer period without complaining of poor remuneration.
Zenith bank has in its payroll of over a thousand employees and pays its staff in different categories which we will be looking at in this article.
Zenith bank has its head office located at Plot 84, Ajose Adeogun Street, Victoria Island, Lagos. They have in their possession the commercial banking license issued by the Central bank of Nigeria with international authorization.
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When you talk of Zenith bank, you are talking about one of the oldest and most stable banks in Nigeria. It has been operational for decades, with its branches scattered all over Nigeria, Africa, and North America.
Apart from being a bank that focuses on the customers (both offline and online) based on its personalized and accessible services, Zenith bank boasts of its good reputation amongst its employees.
The staff is happy with the bank and they put in their best to do their work because, at the close of work, they smile home with good allowances and benefits.
Below is a detailed list of the positions occupied by Zenith bank and how much they pay interns. This set of people includes the members of the youth service and Corps members and students who are on industrial attachment with the bank.
They earn an average of 35,000 Naira monthly which brings their total annual remuneration to a whopping 420,000 naira. These are the lowest-paid people in Zenith bank because they are just temporal.
Zenith Bank Staff Salary Structure
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Here is Zenith Bank Staff Salary Structure according to their levels:
The lowest level on the hierarchy is usually the level of being a Graduate Trainee. At Zenith Bank, graduate trainees undergo intensive three-month banking training and they earn about 42,000 Nairas per month.
After the training has been completed and the assessment was done on the individual, his or her status may be upgraded to entry-level staff.
The salary for entry-level staff in Zenith bank is among the highest of all the banks in Nigeria. The basic entry-level salary for Zenith Bank staff is between 108,000 – 110,000 naira, depending on the person’s department within the bank.
This is also expected to increase as one stays longer in the system, makes an impact, and further climbs up the ladder of leadership and relevance within the organization. Asides from the basic salary, entry-level staff are also entitled to quite several benefits.
Customer Service Officers
Zenith bank customer care officers are paid an average of 100,000 Naira per month. Their work is to attend to issues that customers bring to them and also assist in opening accounts and other bank-related help within and outside the banking halls.
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The marketers go out to project the image of the bank to prospective customers. Because of how important their job description is, they earn between 145,000 and 155,000 Naira every month.
Targets are also set out for them, should they hit the target, they get some commission which is just a plus to their remuneration.
Executive assistants earn between 150,000 and 180,000 Naira monthly, depending on the location and department within the bank. They assist the bank manager to carry out specific functions within the bank.
The banking officers earn between 300,000 and 400,000 Naira per month.
Because of their hard work and dedication to the growth of the bank, these set of people rise in ranks as Loan Officers and they earn up to 510,000 Naira per month; a handsome reward for their tireless service and dedication to the bank.
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Credit analysts are among the top earners. Their monthly wage is around 575,000 naira.
A relationship manager occupies a very sensitive position of responsibility within the Zenith bank structure his work is to help handle people’s problems as well as manage the issues of people and not allow it to affect their work experience. Normally, relationship managers earn between 560,000 and 600,000 Naira per month.
Having risen through the ranks, the staff is sometimes appointed as a branch manager. A new branch is opened and given to him by a man.
At this branch, this fellow becomes the boss, he is responsible for the growth or downfall of the branch he heads. There is no other boss right there.
Because of the weight of this responsibility, he is entitled to a monthly take-home pay of around 900,000 Naira, excluding mouth-watering benefits and the occasional percentage of the bank’s profit. The higher the profit his branch brings to the table, the bigger the share of the cake he has to eat.
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Please, note that the prices here are just estimated. The actual salary ranges from person to person and years of experience.