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Survey finds bank staff have ‘chronic’ lack of confidence in management

Bank of Ireland employees were some of those questioned for the UNITE survey
Bank of Ireland employees were some of those questioned for the UNITE survey
Image: Sasko Lazarov / Photocall Ireland

ALMOST TWO-THIRDS OF banking staff say they do not have confidence in the management of their bank – and less than half say they are happy in their current working environment, according to a survey.

The findings, which were revealed in a survey carried out by the UNITE trade union, also found that only one in seven bank employees feel confident about their own job security.

“It is remarkable that the actions of senior management over one decade have destroyed the general esteem in a workforce that was once proud of what they did, were respected in their communities and were an essential pillar of the Irish economy,” said Colm Quinlan, UNITE Regional Officer.

Just 13.6 per cent of respondents said that they had confidence in the management of their company. 60.1 per cent said that they didn’t and 26.3 per cent were unsure. The survey described the lack of confidence as “chronic”.

When asked if they enjoyed their current working environment 57 per cent of respondents answered No. 29.4 per cent said that they did while just over 13 per cent of respondents were unsure.

A slim majority of workers would support escalating industrial action – 52.8 per cent – with 16.3 per cent saying they wouldn’t and just over 30 per cent who were not sure.

Just one in seven respondents have confidence in the security of their job, with 63.7 per cent saying that they didn’t. “That one in seven should feel confidence about what was one generation ago was considered a stable and secure job is a real indictment of the damage wreaked within banking as well as within the wider community,” said Quinlan.

A huge majority – 83.2 per cent – of those surveyed were concerned about their pension scheme.

The vast majority of staff working in a customer facing role said that they have felt uncomfortable undertaking actions asked of them by management in relation to customers in the past 12 months.

One respondent to the survey said: “There has been no accountability at the top of the organisation yet staff at the grass roots are subjected to micro management”.

The union has almost 5,000 members working across Irish Life and Permanent TSB, EBS, and Bank of Ireland. The survey was conducted in the week ending last Tuesday 8 November.

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Comments (7 Comments)

  • Bazza 14/11/11 #
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    It feels chilly without the comfort blanket, doesn’t it …??

    Come on over here and join the rest of us in the real world.

    Reply
    • Maria Farrell 14/11/11 #
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      We ARE in the real world. We ARE part of the ‘rest’. We just happen to work in the bank. We don’t own it. We’re just ordinary prople working in ordinary jobs. People like you should take that into consideration before you go spreading your ill informed poisonous bile. You’re part of the reason people think it’s acceptable to abuse my colleagues and I on a daily basis. Ridiculous.

  • Eoin Grace 14/11/11 #
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    Wow. Here’s an article that’s about 2 decades out of date. Bank staff haven’t had secure employment since the introduction of the “yellow pack” bank assistants in the early 90′s (a move their unions supported btw).

    With the advances in technology, routine branch banking is no longer a highly skilled job and salaries and qualification requirements reflect this.

    Top management rarely come from banking backgrounds: most are hired in from the big accounting, consulting or finance companies. With so few of them having any experience in the day-to-day, core functions of the bank is it any wonder their modestly paid (by comparison with skilled positions in the private sector or their public sector equivalents) have any faith in management that don’t understand the industry, took insane lending risks and tried to turn the branch network into a sales-focused organisation rather than one attempting to meet customers needs?!

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  • Waffler 14/11/11 #
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    im sure if you surveyed workers in any field youd get the same results

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  • Conor Foley 14/11/11 #
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    union sponsored survey finds members don’t like / trust / have faith in management, now thats a shock result !

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  • Graham Mace 14/11/11 #
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    Job security is not a “given” in this day and age. The conditions that bank employees endure are no less favourable than other office workers or indeed workers in most other sectors of the workforce. Job satisfaction (lack of) and stress are everyday facts of life for thousands. I really don’t see any evidence for making bank employees a special case, although there should be a distinction between the “work force” who deal with the customers on a routine daily basis and the management, who clearly do live separately from the rest of us in a rarified atmosphere on the planet Zog.

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