A 2018 Human Resource Banking Survey has revealed that over 70 per cent of workers in the banking sector, want to leave the industry.
The survey was conducted by Human Capital experts, Acreaty Ghana between February and May this year.
It was conducted among 14 banks including, Fidelity Bank, GCB Bank, Ecobank, Barclays, Omni Bank, Stanbic Bank and defunct Capital and Sovereign banks.
According to the report, 24,300 people are currently employed in the banking sector – this might change now since a lot of banks were merged and others laid off their workers.
However, 99 per cent of the over 2000 respondents disclosed that their banks have swayed from their core visions.
The report revealed that 70 per cent of bank workers are not happy with their salaries.
Also, 79 per cent say their performance targets are unrealistic and unattainable with extremely tight schedules.
About their dislikes, the bank workers disclosed that a high number of them virtually live on borrowing from their employers as they are given various facilities which make them live beyond their means.
Meanwhile, over 70 per cent want to leave the bank industry for the Oil and Gas industry, while 21 per cent want to start their own business.
Twelve per cent want to leave the banking industry for any job available.
Asked if they would want to switch banks, 52 per cent said they want to leave their banks for the Bank of Ghana, while 16 per cent want to leave their banks for Ecobank.
Meanwhile, 14.2 per cent want to work with GCB Bank while 12 per cent want to move to Fidelity with 5 per cent seeking to work with Stanbic Bank.
This comes at a time when the banking sector is in crises with the Bank of Ghana embarking on various reforms to strengthen the industry.
Managing Partner at Acreaty Ghana, Elsie Appau-Klu says the latest statistics could have a negative impact on the entire banking sector.
“It could mean that the banking sector for some time may not have the competent people to work with. If there is a perception that the banking sector does not really reward people or nurture people, people wouldn’t want to work in that sector and that will be a major struggle for the growth and development of banks.”
Acreaty is, therefore, urging the banks to initiate policies that will promote employee welfare necessary for the growth of all departments within the banking sector.
source: Citi newsroom