How Working Remotely Benefits Employers and Employees

 

working remotely

Whenever the subject matter of working remotely crops up, professionals often rush into the assumption that it benefits employees more than employers or vice versa. However, in actual fact, working remotely has several benefits for both employers and employees. All that is needed is an understanding of how it works.

During the recent launch of the Jobberman Workplace Productivity Report, one of the questions that took centre stage when representatives of the media began asking questions centred around adoption. They were quite curious to know how Nigerian employers would adopt the trend of allowing their employees to work remotely.

A growing number of companies are fast adopting such concepts like remote working to boost employee productivity and efficiency. One such organisation is Andela; an African company that identifies and develops Africa’s most talented software developers. By working remotely, employees are allowed to get their work done outside the conventional workplace/office. Below are ways that working remotely benefits both employers and employees.

Benefits of Working Remotely to Employersworking remotely

1. Increased Productive Workforce: Several reports have shown that employers of labour who promote the culture of working remotely witness an increased level of productivity in their workforce as opposed to organisations that don’t.

2. Engaged Workforce: An engaged workforce would lead to an improved level of happiness score among employees. It also decreases the company’s churn rate. What this means is that compared to other employers in your industry, you would find it easier to retain your best-hands on the team.

3. Reduced Overhead Costs: Your bottom-line is very important in running a successful organisation. Employers with much more remote workers usually have reduced cost on expenses like furniture and other miscellaneous spending.

Benefits of Working Remotely to Employeesworking remotely

1. Increased Wellness: If you do not have to spend 2-3 hours of commute to work and probably around the same time navigating your way back home from work, how well do you think this would impact on your wellness and health? These hours employees spend in traffic; especially in densely populated cities like Lagos can be used for activities like going for a run or exercising. This reduces stress and increases employee productivity.

2. Flexible Work Hours: You can take time off during the day to engage yourself with other things you are passionate about while you dedicate a more productive time of the day to getting your work done. Not having to deal with spending hours in traffic; commuting to work means you can wake up less earlier than employees who do not work remotely.

3. Increased Ownership: There are few things that teach increased ownership of your job as well as an employee working remotely. Your tasks are very clearly spelt out. When you accomplish them, you get all the accolades you deserve. However, when you fail to meet up to expectations and deadlines, you will equally be held responsible. Working remotely ensures you find a way to get your work done in order to earn your pay.

In conclusion, working remotely makes both organisations  and employees work smarter and become more productive. It ensures that everyone on either side of the divide; both employers or employees take on smart ways of doing things, being more agile, increasing productivity as well as achieving and surpassing set goals.

What other ways do you think working remotely benefits you? Share your thoughts with us below?

CREDITS: This article is written by Princewill Akuma, and was first published on www.jobberman.com/blog

7 Non-Monetary Employee Rewards That Spur Productivity

employee rewards

Employee rewards play a vital role in helping you build a better-engaged workforce. Rewarding and motivating your employees should not always translate into increasing their salaries. There are other ways to show your top performers that you appreciate their hard work, innovative spirit and commitment.

Employees generally like to be rewarded with money. There’s no doubt about that but in a situation where your budget cannot accommodate increased paychecks, what other options can you explore? Let us take a quick look.

1. Offer Leadership Opportunities

Someone once said the reward for doing a good job is more job. Competence begets more trust in an employee to do more. As you might have guessed, there is no better person to hand new a leadership role than an employee who has proven his/her mettle on the job. Reward employees by offering them new leadership opportunities. This helps them grow their skills and career profile.

2. Offer Training Opportunities

An employee who performs well deserves training opportunities sponsored by the company. What this does is that it helps them expand their range of skillset and expertise and will impact their career. Your organisation also benefits from this directly as such an employee is bound to become more productive and efficient.

3. Awards

Consider setting up a reward system where employees are presented with awards of recognition for their top-notch performance. This can be designed to happen annually, quarterly or monthly and is a good non-monetary way to show appreciation to your workforce.

4. Thank You Notes

A congratulatory thank you note to an outstanding employee or a company-wide announcement of their achievements will make your employee feel appreciated. This also serves as an incentive to other employees to perform better. This promotes an innovative and competitive workforce where everyone is looking to do better. Thank you letters or notes are a good way to promote healthy competition in your organisation.

5. Offer Flexibility

In the age of technological advancement, a lot of employees enjoy the option of working remotely. How about offering flexible  working hours or days for top performers in your organisation.

6. Welfare Perks

Offer welfare perks like lunch to the top performers in your organisation. You can reward them with an all-expense-paid weekend/vacation. Other rewards include tickets to shows, cinemas or discount coupons.

7. Passion Projects

You can allow an employee to pick your organisation’s Corporate Social Responsibility or have it done in their name as a reward to being a top former. The passion project should be something influenced and directly picked by them and funded by the organisation.

Final Thoughts on Employee Rewards

Offering non-monetary rewards to your employees is about being creative and finding other ways to spur them to remain motivated and productive.

What other non-financial employee rewards can you think of to reward top performers in your company? Feel free to share them with us in the comment section below.

CREDITS: This article is written by Princewill Akuma, and was first published on www.jobberman.com/blog

Law Weekly: Raising Capital Through Private Placements

 

As a Company develops, funding growth and expansion becomes a major consideration for the sustainability of the business and this necessary capital can be sourced though diverse means which includes Public Offerings (selling shares to the public) Private Placements (selling shares/securities to select investors), Loans and Grants (Governmental and Financial Institutions) etc.

Our focus this week is on Private Placements which simply refers to the offer and sale of corporate securities to a limited number of sophisticated investors.

Guidelines for Private Placement in Nigeria. 

Guidelines for Private Placements in Nigeria is provided for under Section B3 of the Securities And Exchange Commission Rules and Regulations made pursuant to Investments and Securities Act (ISA). Worthy of note is the provision limiting the maximum number of subscribers to a Private Placement to 50 individual/corporate investors.

Some other provisions of the rules includes restrictionon solicitation or advertising, limitation of the offer to only informed investors who can correctly interpret the unregistered security they are being offered or have the capacity to bear the risk. The rules also mandate the issuer to come up with a Private Placement memorandum detailing adequate information about the issuer, its business and the securities being offered which shall be filed with the Securities and Exchange Commission (SEC).

Features of a Private Placement Offer.

The three most important features that would classify a securities issue as a private placement are:

1. The securities are not publicly offered

2. The securities are not required to be registered with the Securities and Exchange Commission (SEC)

3. The investors are limited in number and must be sophisticated

Benefits of Private Placement.

Private placements offer businesses a number of advantages over other financing models, some of these benefits include:

  1. Private placements have less burdensome regulatory requirements and do not require the assistance of brokers or underwriters consequently they are considerably less expensive and less time-consuming.
  1. A private placement also allows the business owner the choice of picking investors who have compatible goals and interests.
  1. The subscribers are usually sophisticated investors and bring on board additional skills and expertise which could be of good use to the business.
  1. Investors to a Private Placements are usually more patient than venture capitalists, often seeking 10 to 20% return on investments over a longer term of 5 to 10 years.
  1. Shares offered through private placements are relatively priced at a discount to compensate for absence of immediate liquidity.
  1. It attracts higher returns to investors as they have opportunity to grow with the Company especially where the shares are eventually listed on the floor of the Nigerian Stock Exchange.

Conducting a thorough due diligence is mandatory and very essential when offering securities. This creates the foundation for a solid offer, one that both provides a prospective investor with an accurate picture of the company and limits the liability exposure of the company and its Promoters and Directors.

What is required for Private Placements in Nigeria?

  1. A sound Business Plan and Management forecast for 5-7 years.
  2. Retain services of professionals experienced in private placements.
  3. A private placement memorandum (PPM) disclosing the full facts of the investment and business

 

CREDITS: This opinion is brought to you by the Iyiola Oyedepo & Company

info@ioclaw.com

Remote Work vs Telecommuting: Similar or Different?

remote work vs telecommuting

Are there any differences between remote work vs telecommuting or are both terms just the same ideology with different names?

According to Jobberman Nigeria’s recent workplace productivity report, “Millennials & The Digital Marketplace: How to Keep Millenials Productive in the Workplace,” 25% of the respondents affirmed the fact that they work from home.

Meanwhile, current workplace trends have shown that remote work and telecommuting are concepts that have grown phenomenally and have been embraced in Nigeria and the rest of the world.

What is Remote Work?: Remote work is an non-traditional workplace concept, which allows you as an employee to work from outside the official office environment of your employer. The ideology is based on the concept that employees do not need to be micromanaged or work from a specific location for assigned tasks to be successfully executed.

What is Telecommuting?: Telecommuting is a work situation where an employee does his or her work off-site; typically from home, an agreed location or cafe but stays in communication with other employees via telephone, chat, email and other internet-related mediums of communication.

Differences Between Remote Work vs Telecommutingremote work vs telecommuting

Regardless of how similar remote work and telecommuting might appear to be, there are some clear differences. Here’s a quick look at three things that differentiate them:

  1. Restrictions: Remote work allows you to work from anywhere in the world without any restrictions or demands from your employer to come into the office for face-time but with telecommuting, you are required to come into the office on specific days and maybe also be required to be in a certain location for purposes like taxation.
  2. Location: Telecommuting colleagues might be in the same location but for remote work, there might be no colleagues and in cases where you have them, they will be located all over the world.
  1. Team Building: Team building and meeting activities are required of telecommuters while remote workers are too globally displaced for such activities to hold consistently.

Final Words on Remote Work vs Telecommuting

Both concepts in most cases have been used interchangeably but most of their inherent traits show that there is a difference between them. Recent findings in the survey of Nigerian millennials showed that 65% of millennials prefer to work from the workplace, 9% from the library, 1% from the coffee shop and 25% from home.

However, while the global numbers may differ, the trends show that embracing the concept of remote work vs telecommuting will continue to be on the rise in the Nigerian and pan-African marketplace.

Between Telecommuter or Remote Worker, which would you prefer? Share your choices in the comment section below.

 

 

CREDITS: This article is written by Princewill Akuma, and was first published on www.jobberman.com/blog

Reasons Why Your eCommerce Business Needs to Innovate

Image result for Reasons Why Your eCommerce Business Needs to Innovate

Innovation is all about finding or creating new ways of doing things. The survival of any business is hugely dependent on this. So, whether you are a blue-chip company or a local start-up, innovation is like the air you breathe daily. There are so many reasons why you should innovate. We discuss some of these ways.

Global recognition, thanks to the internet

In today’s business climate, the playing field just got a whole lot bigger, thanks to the internet. Your competition isn’t just around the corner, it’s across the globe. Clients can search for better customer service, lower prices, and faster production with a simple google search. Your business will simply suffer if your business does not innovate.

Business growth

Businesses that innovate are able to grow, scale up and employ more hands. Innovation makes it easier to grow, regardless of the size of the business. You might have a small startup, but if you innovate, you can grow your business.

Stand out from competitors

You are not the only one operating in your business niche. There are tons of other companies in that niche. As such, you need to stand out in some way. You can do that through innovation. The right innovation will allow you to offer something unique to your customers. For instance, Jumia dominates the ecommerce space not only in Nigeria but also in Africa; hence, it is now tagged the Alibaba of Africa. It achieved this lofty height because it innovated over the years. This has made Jumia very successful that it now wants to keep its millions of customers within the Jumia ecosystem with all the digital services that are tailored to meet everyday needs of its customers.

Meet the needs of customers

The needs of the customers are insatiable because they are constantly changing. One day, your customers might need exactly what you have to offer, and the next day, they might need something else. Innovators predict changes in the market and provide solutions before people even realize they need them. You cannot meet your customers’ needs on a long-term basis unless you are willing to innovate. If you remain stagnant, your business will eventually flounder and liquidate.

Attract innovative talents

The truth is, talented and innovative people want to work for innovative companies. Your business is not going to attract someone who is going to create the next big thing unless your company has a history of creating. 

6 Workplace Friendship Rules You Should Adopt

 

friendship workplace

The type of workplace friendship you subscribe to, as well as your professional relationships, can impact your success and mental health either positively or negatively. Many professionals are known to say: “your coworkers are not your friends” but if the truth must be told, you spend a minimum of 8 hours daily in the same confined space with these people. Therefore, having a professional workplace friendship is critical to your daily routine.

What you should ensure is that there are set rules to respect your boundaries, as well as those of your colleagues. Let us take a quick look at 5 workplace friendship rules you should imbibe for a positive and lasting impact on your career growth.

Maintain Confidentiality

When coworkers entrust you with their private information, do not betray their trust by sharing it with other colleagues. Such information should be treated as personal and highly confidential. This would earn you their trust and respect from them.

Set Boundariesworkplace friendship

Office banter and chit-chats are great but ensure it doesn’t take up your productive hours. If it does, this might affect your deliverables. If such lapses are discovered by the company’s management, you might receive a query. Worse still, you might be deemed unserious. Don’t let short-term gains and office fun affect your long-term career goals negatively. You should clearly mark the difference between the time to work and the time for chit-chats. Conversations about popular TV series and Netflix movies should not take up a chunk of your working hours.

Be Fair to All

Don’t allow your workplace friendship with others become the reason you treat coworkers who aren’t in your close circle with disdain. Maintain fair judgement to all at all times. Never allow a conflict of interest or an isolated incident affect your fair treatment of everyone.

Don’t Be Hasty

Getting to know people takes time; especially when you are the ‘new kid on the block.’ In time, you will naturally gravitate to people who share your interests. However, this does not mean you should blank out those whose views, opinions and lifestyles differ from yours.

Check The Rulesworkplace friendship

Always align with your workplace rules on what workplace friendship with others should be like. This will help you avoid a situation where you are flouting the rules and culture of the company you work for. Make it a point of duty to conduct yourself professionally in your engagement with others.

Don’t Get Too Personal

Don’t share anything that might hurt you in the future if your relationship with your workplace friend hits the rocks. People can change – The fact that someone likes you today does not mean you will remain friends in the next 6 months. The last thing you want is a situation where someone begins to use your personal information against you.

Conclusion on Workplace Friendship

Building professional workplace friendship can be beneficial for both social and professional reasons. However, you need to tread carefully and professionally to avoid making the office space stressful, full of anxiety or frustrating for your career.

CREDITS: This article is written by Princewill Akuma, and was first published on www.jobberman.com/blog

Five Things Startups Can Do To Stand Out From Competition

Image result for Five Things Startups Can Do To Stand Out From Competition

There is no need for a business to be averse or scared of competition. This is because competition make businesses efficient and non-complacent. If you tend to always copy or imitate your competition, you will discover that your business model won’t be different and customers will patronise the other party.

So, how can your startup or business stand out from the competition? Read on to know the ways!

1.Create an online presence

One of the biggest mistakes most startups make is not building an online reputation from the onset of their business. Before you even launch your startup, your company needs to have a strong online presence. Use your online presence to spread awareness about your brand. Deliver information about your new company to your followers and keep them updated about the progress.

2. Provide excellent customer service

The one thing that can surely set you apart from your competition is how you treat your customers. Even if you are not in the service industry, you still need to treat your customers well. Customers dislike talking to representatives who have poor knowledge about the brand. You, therefore, need to train your team well.

3. Sell your Unique Selling Point

You should make sure that your customers are aware of the Unique Selling Point of your business and let them know what sets you apart from your competitors. Explain the problem your business has to tackle and why you are better than the other solution providers out there.

4. Be honest about what you’re offering

Honestly should be your business’s main policy. If you cannot deliver an order or a project by a certain deadline, you should tell your customer as soon as possible. If your field reps have messed up on a bid, immediately inform your client about the blunder. Taking your customers and clients for a ride can cost you immeasurably in the future. The faster you share bad news, the more your clients will respect you.

5. Give your product to the right influencers

Seek out influencers that are right for promoting your brand and send your product to them before it launches in the market. They will help you create awareness in your target community. You should only use influencers who will care about the purpose of your product and provide the Return on Investment (ROI) you are looking for.

MEET THE AFRICAN INNOVATORS THAT SHINED AT THE 2019 ZAYED SUSTAINABILITY PRIZE AWARDS

African innovators have excelled at this year’s Zayed Sustainability Prize annual awards ceremony, winning three out of five categories in a globally recognized competition, which attracted over two thousand applicants from 130 countries.

This year’s Zayed sustainability prize saw the highest number of applications come from Africa, an indication that African innovators are playing a pivotal role in global innovation as Africa won prizes in the Energy, Food and Global High Schools categories.

The surge in African innovators and dominance in the Zayed Sustainability Prize is a boost to Africa because these innovators address real-life social, environmental, health and economic challenges that are widespread across the continent.

Tanzania’s Sanku, a non-profit organization that reaches out to communities vulnerable to malnutrition won the food prize award at the 2019 Zayed sustainability prize. The NGO scooped the prize for its flour fortification machines that equip and allow small-scale, local millers to fortify their flour with life-saving nutrients.

The N.G.O has currently installed 150 fortification machines in flour mills across five East African countries, impacting the lives of almost one million people daily by providing them with safer and healthier food sources.

Felix Brooks-Church, Co-founder & CEO of Sanku, while commenting on the win said: “16,000 children die every day from illnesses that are absolutely preventable. We have a solution, and so we have the duty to keep fighting in order to reduce that number to zero.”

The Zayed Sustainability Prize which has five categories saw African innovators win three of the categories with Sanku scooping the award for the food prize category and BBOXX, another African innovator winning the Energy prize.

BBOXX, has developed a plug-and-play solar device offering users an on-grid experience in an off-grid setting. The company has installed over 150,000 solar systems across 35 countries many of which are in Africa and has connected over 675,000 people globally with clean, affordable energy solutions.

Mansoor Hamayun, CEO and co-founder of BBOXX, said on winning the Prize: “We are passionate about harnessing pioneering data and technology to power economic growth and transform the lives of underserved communities living off-grid. Winning this award is an important milestone along our journey.”

The African Leadership Academy in South Africa won for the global High Schools category, the Academy won for its proposed creation of a water treatment machine called ‘The Living Machine’; a device they designed to treat grey-water for use in greenhouses. The proposal also included the implementation of solar power to cut electricity costs, savings that will be used to fund additional renewable energy projects, waste management and best agriculture practices.

Jesse Forrester, Project Lead of ALA’s Living Machine Project, African Leadership Academy, said: “I am immensely pleased with the announcement. It is quite humbling for us as a team and even more so as an institution. Being recognised as the winners of the Global High Schools Category, for Sub-Saharan Africa, is a testament to the belief that we are stronger together.”

The Zayed sustainability prize is another indication that African innovators have come to the fore as a powerful global force as many entrepreneurs and businesses are creating needs-based, practical and affordable local solutions that are important for Africa’s development.

Dr Lamya Fawwaz, Director of the Zayed Sustainability Prize, said: “In a world of changing climate, and a rapidly growing population, developing sustainable solutions to meet rising food demand and provide energy access to people in remote areas is a global priority. These worthy winners among many strong candidates are perfect examples of how to meet the Prize’s criteria of being innovative, inspirational and offering tangible impact within communities.”

Zayed Sustainability Prize is a global award inspired by the sustainability vision and legacy of the UAE’s founding father, Sheikh Zayed bin Sultan Al Nahyan and Winners of each category receive US$600,000 in prize funds to enhance and develop their existing solution.

CREDITS: This story is culled from http://venturesafrica.com/2019-zayed-sustainability-prize-awards/

The Business of Photography Conference is Back!!

Over time photography has evolved from being just art to being a profession. Gone are the days when photography was a side hustle or a means to make ends meet. Photography today requires much more than skill and a good eye as the photography industry has become very lucrative and competitive.

The Business of Photography Conference is an event that seeks to proffer solutions to the problems that photographers face in the course of carrying out their various activities. Asides helping photographers get better at their craft, The Business of Photography Conference is also aimed at converging Photographers, photography manufacturing and servicing companies as well as photography retailers together under one roof to discuss, learn, exhibit, sell and buy everything photography.

This year’s edition set to hold in April is Themed : “Shaping the Narrative” will be bigger than the first edition which took place in April 2018. The first edition had over 1,000 participants in attendance with panellists including, Yetunde Ayeni Babaeko, Wani Olatunde, Emmanuel Oyeleke, Kelechi Amadi-Obi, Shola Animashaun, Oyinkan Badejo-Okunsanya, Bukky Karibi-Whyte, Georgette Monou and many more as panellists speaking on different topics affecting photography in Nigeria, master classes on specific photography areas were by handled by TY Bello, Yetunde Ayeni- Babaeko, Hakeem Salaam and Kelechi Amadi Obi.

The conveyer of The Business of Photography Conference, Kola Oshalusi promises that this year will be more exciting and packed than the last one with more activities, master classes, panel sessions. as well as exhibitors.

WAG-ARC Set to launch innovation lab to empower young people in Enugu

Young people in Enugu participated actively in the first day of the programme

The dream of young social change advocates of a network that will provide the necessary tools to build successful initiatives and amplify their social change in Enugu has received a major boost following the plans by Women And Girls Advancement and Resources Center (WAG-ARC) to launch “The Voice Innovation Lab, a platform that is committed to mobilizing young people to lead interventions that drive social change.


Speaking during a Twitter Chat to announce the event, Blessing Onwudiwe, Head of Programmes WAG-ARC, said that they are a youth-led organization with background and understanding on the felt needs and aspirations of marginalized young people.

Blessing Onwudiwe is the Head of Programmes for WAG-ARC

She noted that most development projects target Northern Nigeria and that has created a gap between residents of Enugu and opportunities in the development sector. It’s about time Enugu gets on board

“Our expectation is to establish a formidable platform for information generation that leads to inclusive content development for youth and leverage on the human resource the lab will generate to drive policies that give the youth in Enugu room to thrive in all sectors,” she added.

Located in the heart of Enugu city, the emerging innovation hub in Nigeria, the platform will boast of meeting where change makers could network, brainstorm, research and nurture innovation and ideas, under a setting that ensures full concentration and support from Voice and WAG-ARC experts.

The event is slated to hold from Thursday, 7th February to Friday, 8th February, 2019 at the Bridgewaters Hotel Enugu by 2pm daily.