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Pay disparity and lack of structure undermine morale

Senior Software Engineer
Current Employee
Has worked at Moniepoint for less than 1 year
September 24, 2026
Lagos
2.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Pay is average and there is pay disparity even largely with the same role and responsibilities. lack of salary structure.

The recruiter are actually there but to beat down your pay as much as possible while getting the best. it is disheartening to know someone of your grade in same role earn far better than you

Cons

Compensation & Salary Structure Compensation is average, but there appears to be significant pay disparity among employees in similar roles with comparable responsibilities. There does not seem to be a clearly defined salary structure or consistent compensation framework.

The recruitment process also seems heavily focused on negotiating compensation downward, with the emphasis often being on securing the strongest candidate at the lowest possible cost. This can be discouraging, particularly when employees later discover that colleagues at the same level, performing similar responsibilities, are earning significantly more. A more transparent salary structure, clear compensation bands, and greater consistency in pay based on role, experience, and responsibilities would improve employee confidence and morale.

Advice to Management

Introduce a clear and transparent salary structure with defined compensation bands for each role and level. Pay should be reviewed consistently based on responsibilities, experience, performance, and market rates. Avoid excessive salary negotiation during recruitment that can create significant disparities between employees doing essentially the same work. Greater transparency and consistency in compensation would improve trust, morale, and retention.

Additional Ratings

Work/Life Balance
1.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
3.0
Compensation and Benefits
3.0
Senior Management
1.0

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