Business

Hope rises for bank contract staff as FG releases new employment guidelines

The Federal Ministry of Labour and Employment has released new employment guidelines to solve issues in Contract Staffing/Outsourcing Non-Permanent Workers in Banks, Insurance and Financial Institutions.

The guideline is tagged,
“Labour administration issues in contract staffing/outsourcing non-permanent workers in banks, insurance and financial sector, ” unveiled at the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) national secretariat in Lagos on Friday.

Oyinkan Olasanoye, president of ASSBIFI, told journalists that the Guidelines were signed into law on September 8 by Chris Ngige, Minister of Labour and Employment.

According to Olasanoye, the newly approved employment guideline will curb fraudulent practices and sanitise the financial sector.

Others, he added, are trade dispute resolution procedures, disciplinary procedures, compliance with standards and labour requirements and exit procedures and benefits for the workers.

Olasanoye also stated:

“Employment guidelines will improve job satisfaction and staff performance, reduce incidences of frauds traceable to discontented casual workers in the financial sector and generally reduce exploitation and other unfair labour practices capable of escalating industrial conflicts and crises in the workplace.

“Also, it will regulate conditions of employment and standardize non-permanent employment, especially in the areas of career progression, salaries and wages, disciplinary measures, health and safety, corporate performance and productivity.”

The Vanguard reports that the President of ASSBIFI also revealed that the guideline has features such as entry requirement and minimum pay for non-permanent employees, career path and development, the right to unionise and collective bargaining.
CONTINUE READING…

Do you have any information you wish to share with us? Do you want us to cover your event or programme? For Adverts or reports call/WhatsApp us on +2348072633727

Agency1

Recent Posts

Fuel pump price per litre increased

Nigerian filling stations have increased their Premium Motor Spirit, PMS, pump price. The adjustment was…

17 hours ago

IYD 2026: Osun Police Urge Youth to Shun Political, Digital Thuggery

THE Osun State Police Command has urged Nigerian youth to reject political violence, electoral thuggery…

18 hours ago

Setting the Record Straight: Remi Omowaiye’s Misrepresentations on the 2026 Osun Governorship Election, by Prince Adeotun Omisore

Ordinarily, one wouldn't bother on any response to inglorious pontification of Remi Omowaiye on the…

1 day ago

Ekiti Domesticates National WEE Policy to Boost Women’s Economic Inclusion

THE Ekiti State Government has commenced moves to integrate women’s economic empowerment into its broader…

1 day ago

2027: APC Constitutes Presidential Campaign Council For Tinubu’s Re-election

STATEHOUSE STATEMENT Members of the APC Presidential Campaign Council constituted; Abdulaziz Yari to serve as…

1 day ago

How Two Amotekun officers were killed in Ondo ambush attack

Two personnel of the Ondo State Security Network Agency, Amotekun Corps, were killed when suspected…

1 day ago