Transcorp trains employees on wealth investment

The Company believes that employees have the right to personal decisions on how to manage their earned incomes.

The management of Transnational Corporation of Nigeria Plc, Nigeria’s biggest hospitality industry operator, wants its employees to take advantage of its investment training programme to ensure a meaningful retirement.

The company’s General Manager, Etienne Gailliez, said at its Investment Day programmes for the staff in Abuja, that the investment capacity-building training was part of the company’s efforts targeted at assisting the employees identify investment opportunities and use the knowledge acquired to locate where their interests are within the economy; in order to explore them for long-term benefits.

According to Mr. Gailliez, the training will expose the employees to knowledge-driven investment strategies and by implication, empower them for on-the-job and post-employment wealth creation opportunities.

He said management believes that employees have the right to personal decisions on how to manage their earned incomes, pointing out that the training would build the needed knowledge in them and create a win-win relationship between them and the company.

“The Investment Training programme is one of the management’s efforts targeted at educating the employees on investment plans. It would avail them the opportunity to interact with investment experts and learn how to invest their earnings in a manner that would guarantee them good welfare after retirement,” he said.

“We take not only the team members through their salaries and benefits, but also through their families. What is of concern to us is not just about their work, but also about their retirement. Transcorp is trying to build a team in efficient resource management.

“The training will enable staff to ask questions about their future and serve as a knowledge-sharing forum on how to invest their earnings so that they can have a guaranteed and socio-economically stable post-employment future. It is a programme that will be win-win for both the company and the employees”, Mr. Gailliez added.

The Director of Human Resources, Yusufu Ishaya, said the objective of the forum is to look at the employees, not only their welfare but their growth after they left the services of the company, adding that management is interested in ensuring that they are knowledgeable in wealth creation strategies that they would invest on in future.

The Coordinating Consultant of Advanced Management Academy, Peter Oyeneye, said training employees on investments remained one of the best ways of building a culture of investment and giving them the tools to secure their well being in the retirement years.

Though the Pension Act 2004 has helped in addressing some of the challenges usually faced by Nigerian employees in the past on savings for post-retirement life, Mr. Oyeneye, who is also the training facilitator, pointed out that investing in good business would guarantee several streams of incomes for the retired employees for life.

The training is expected to be followed by mentoring of the employees by experts and other trainers in fraud detection, pension, banking and other sectors from the Stanbic IBTC Pensions Managers Limited, Independent Corrupt Practices and Related Offences Commission (ICPC), Aso Savings and Loans Plc, amongst others.