Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nigerian businesses seen struggling to retain talent

22 May 2015, 09:15Okoro Chinedu

Lagos - Businesses across major African economies such as Nigeria are coming under increasing pressure to retain their employees as well as compensate them owing to competition offered by international rivals.

This is according to Gerhard Hartman, Head of Department for Sage Payroll and Human Resources’ International Division, who says that African companies are facing stiffer competition for skills as economies grow, governments pump money into building infrastructure, and professionals are lured into the Diaspora by the promise of big salaries paid in hard currencies.

“There’s a real hunger for skills in Africa, which means that businesses are demanding that HR departments step up to the plate,” he added.

“They have to craft strategies that help them to attract and retain the best talent, as well as develop human resources in a manner that delivers a high return on investment to the business. That means they need to really focus on sharpening their capabilities.”

Also Read: Orya elected as G-NEXID President in Switzerland

According to a KPMG survey staff costs make up more than 25 percent of the total income in 34 percent of surveyed organisations in Nigeria.

This stat seems to be broadly in line with the rest of Africa, said Hartman.

“There is a growing realisation that employees can be a strategic asset rather than a massive expensive if they are well managed, he added.

Hartman said African organisations should focus building the employer brand, remuneration and rewards, performance management and employee engagement to boost HR performance.

Sage HR & Payroll, previously Sage HR Africa, is a leading supplier of payroll and human resource management solutions for businesses of all sizes in Africa and the Middle East.

- CAJ News

Tags business

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...