Donkiz
Active member
When you step into a bank premises you notice different types of staff from the security, cleaners, concierges, tellers, customer care officers, marketers, etc.
At a glance we all regard all of them as bankers but the truth is that over 90% of the staff are not core staff (bankers) of the bank rather they are outsourced staff (bank workers) seconded to the bank by their different outsourcing companies.
How this works is that these people are recruited by this outsourcing companies and then sent to the bank to work, at the end of the month the bank pay the outsourcing companies an agreed amount of money, the outsourcing companies then remove a part of the pay and give the remaining to the staff.
Fact is the amount that these banks pays the outsourcing companies for the services of the seconded staff is enough for them to employ the staff directly and pay them without going through third-party but they choose otherwise.
Although this don't happen in many developed countries, but this what's obtainable in many developing and third world countries. And this bank workers, unlike bankers, are not entitled to things like health insurance, promotion, profit sharing, etc. They just work until they got tired and leave or get sacked.
At a glance we all regard all of them as bankers but the truth is that over 90% of the staff are not core staff (bankers) of the bank rather they are outsourced staff (bank workers) seconded to the bank by their different outsourcing companies.
How this works is that these people are recruited by this outsourcing companies and then sent to the bank to work, at the end of the month the bank pay the outsourcing companies an agreed amount of money, the outsourcing companies then remove a part of the pay and give the remaining to the staff.
Fact is the amount that these banks pays the outsourcing companies for the services of the seconded staff is enough for them to employ the staff directly and pay them without going through third-party but they choose otherwise.
Although this don't happen in many developed countries, but this what's obtainable in many developing and third world countries. And this bank workers, unlike bankers, are not entitled to things like health insurance, promotion, profit sharing, etc. They just work until they got tired and leave or get sacked.