BY AGENCY REPORTER
The Association of Senior Staff of Banks, Insurance and Financial Institutions has identified casualisation as a major challenge in the nation’s financial institutions.
The association’s President, Mrs Oyinkansola Olasanoye, made the observation at a forum in Lagos, on Thursday, saying that casual workers were inadequately renumerated.
According to her, some of the fraudulent activities in the sector could be traced to the casual workers as they didn’t undergo proper training with many of them feeling embittered about the reward system.
“Our major problem has been casualisation because in every bank, insurance company and financial institution in Nigeria as at today, almost 80 per cent of the workers are casual workers.
“The Labour Law Act made provisions that there will be contract staff, but our battle is that those contract staff should be allowed to have dignity of labour and be adequately compensated.
“We respect the casual workers, but we realise that due to inadequate compensation, it is easy for them to be used as frauds,” she said.
However, she said that the association would create a career path for the affected workers by putting in place regulations in the Federal Ministry of Labour.
“The casual workers are not employees of the institution. There is a third party that provides them and these providers are also registered by the Ministry of Labour.
“These providers give the casual workers two-year employment. At the end of the two years, the contract is renewed with a new term.
“The union is trying to create a career path that at the end of the second year, there should be some negotiations. If the institution needs employment, the worker moves and becomes an employee.
“Where the institution does not have room for employment, the worker continues, but the number of years will be counted. This is so that when the worker wants to move to another institution, he should move with three years of experience and not just the two-year contract.”
