Heritage Bank Plc
has announced the restructuring of its workforce, as part of efforts geared
towards greater efficiency and resource optimization, in line with its growth
and industry innovative agenda designed
to strengthen the bank’s business across all markets where it operates.
According to a
statement from the bank, the restructuring processes was to up scale the institution’s activities in
the strategic sectors of the economy as well as concentrating on and deploying
its expertise and competences to specific business areas where it enjoys
comparative business advantage.
It hinted that
the recent restructuring came after a review of senior staff bench strength and
industry standards and realigned certain roles bank wide and those who were
affected by the exercise were adequately compensated.
The bank also
disclosed the elevation of some members of its
workforce with higher responsibilities, which is in line with its on-going
determination to reposition.
There is no doubt that the banking industry
like every other sector in the country is going through rough times occasioned
by the downward trend in the economy, hencethe move was part of the bank’s
strategic plan to keep a vibrant workforce that will enable the bank achieve
its vision of being the Nigerian most innovative banking of choice in service
delivery, superior returns to its various stakeholders and as well contribute
to the growth of the nation’s economy.
This position is buttressed by the fact
that the bank is well known for supporting small businesses, which is another
way of bringing as many small businesses as possible together in a bid to add
value to MSME sector of the economy.
Heritage Bank has deliberately focused on
the SME segment in a bid to create a fresh set of vibrant entrepreneurs
that will create jobs and distribute wealth in the Nigerian economy because of
recent statistics which indicate high unemployment among the youths that make
up a large percentage of the population.
One of its initiatives in the MSME sector
is its partnership with the Central Bank of Nigeria (CBN) and the National
Youth Service Corps (NYSC) under the N3billion CBN Youth Innovative
Entrepreneurship Development Programme (YIEDP) which is targeted at youth,
particularly current serving National Youth Corps members and those within five
years post-service exit.
The bank launched a
N500 million Young Entrepreneurs and Students (YES) Grant in Lagos. The
initiative, which is in partnership with the Nigerian Youth Professional Forum
(NYPF), will, according to the bank, support students and young entrepreneurs
toward socio-economic freedom.
Also, in furtherance of its commitment to creating jobs and wealth, Heritage
Bank in partnership with the Center for Value Leadership (CVL)developed various impact-driven programmes to empower the youths and
women particularly in the under-developed communities in Lagos State and one of
these is the Young Entrepreneurship Business Training Programme (YEBTP).
The YEBTP is a programme aimed at grooming,
mentoring, and financing 100 aspiring and existing young micro entrepreneurs in
Ajegunle, Lagos State. This will be achieved in the form of a grant scheme of
about N8.5million, in which the funds will be used to purchase the equipment
needed by the entrepreneurs to start their businesses.
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