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The Uganda Banking Industry Brain Drain

Employers in Uganda’s banking industry have expressed concern at the high mobility of skilled workers in the country and its impact on improved service delivery.

The Managing Director of Stanbic Bank, Philip Odera says movement of workers a company has spent time and resources to train is a key challenge for the banking industry.

He says the recent entry of several banks into the financial sector meant that banks that were already there had to lose trained and experienced workers to the new banks.

Odera says this means Banks have to be in a continuous process of training and skills development in order maintain the cutting edge.

He however says this is having an adverse effect on sector growth, risk management, and innovation as workers are not staying long enough to master operations in one Bank, learn from the past and plan for the future.

Ultimate Media

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