Global Headhunting & Recruitment Solutions in Nigeria
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for organizations that want to attract and retain the best talent from around the world. Here are some key reasons why:
1. Access to a larger talent pool: By casting a wider net and looking beyond local talent, organizations can tap into a larger, more diverse pool of candidates with a wider range of skills, experiences, and perspectives.
2. Cost savings: Hiring local talent may be less expensive in the short term, but in the long run, it can limit a company’s ability to scale globally. By creating a global recruitment strategy, companies can identify and leverage cost-effective hiring practices across different regions, which can help to reduce overall recruitment costs.
3. Better alignment with business goals: A global recruitment strategy can help ensure that hiring decisions are aligned with the company’s overall business strategy and objectives. By taking a more holistic approach to recruitment, organizations can ensure that they are hiring candidates with the skills, experience, and cultural fit that will help drive their business forward.
4. Improved employer branding: By positioning themselves as a global employer of choice, organizations can attract top talent and differentiate themselves from competitors. A strong employer brand can also help to reduce recruitment costs and improve employee retention rates.
Why hire talents in Nigeria?
There are several reasons why hiring talents in Nigeria can be advantageous for businesses. Here are some of the main ones:
- Large Talent Pool: Nigeria has a large population of over 200 million people, which means there is a vast pool of talent to choose from. Many of these talents possess unique skills and expertise that can help organizations achieve their goals.
- Cost-Effective: Nigeria has a relatively low cost of living, which means that salaries and wages are generally lower than in other countries. This makes it an attractive location for companies that are looking to reduce their labor costs without compromising on the quality of talent they hire.
- English-speaking workforce: English is the official language of Nigeria, and many Nigerians are fluent in English. This makes it easy for foreign companies to communicate with their employees in Nigeria without any language barrier.
- Growing Economy: Nigeria is one of the fastest-growing economies in Africa, with a GDP growth rate of 2.6% in 2020. This means that there are many opportunities for businesses to expand and grow in the country.
- Diverse Culture: Nigeria is home to over 250 ethnic groups, each with its unique culture and traditions. This diversity makes Nigeria an excellent place to recruit talent with different perspectives, ideas, and experiences.
How much does it cost to hire talent in Nigeria?
The cost of hiring talent in Nigeria can vary depending on several factors, such as the industry, level of experience, and location of the candidate. Generally, the cost of hiring talent in Nigeria is lower compared to developed countries like the United States or the United Kingdom. Here are some estimates of the average salaries for different professions in Nigeria:
- Software Developer: The average salary for a software developer in Nigeria is around ₦2.5 million to ₦5 million ($6,500 to $13,000) per annum.
- Accountant: The average salary for an accountant in Nigeria is around ₦1.5 million to ₦4 million ($4,000 to $10,000) per annum.
- Marketing Manager: The average salary for a marketing manager in Nigeria is around ₦4 million to ₦8 million ($10,000 to $20,000) per annum.
- Human Resources Manager: The average salary for a human resources manager in Nigeria is around ₦3 million to ₦6 million ($7,500 to $15,000) per annum.
Employee labor laws in Nigeria
Working Hours in Nigeria
The standard working hours in Nigeria are 8 hours per day, 5 days per week, which is a total of 40 hours per week. The official working hours in Nigeria are usually from 8 am to 5 pm, with a one-hour lunch break in between. However, the actual working hours may vary depending on the employer and industry.
Minimum wage
The minimum wage in Nigeria was increased to ₦30,000 (about $73) per month in 2019, following the signing into law of the National Minimum Wage Act. This translates to a minimum wage of ₦360,000 (about $876) per year.
General taxation
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Type of Tax
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Rate
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|---|---|
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Personal Income Tax
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1%-24%
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Withholding Tax
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5%-10%
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Company Income Tax
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30%
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Hire the best talent in Nigeria with EER Global
EER Global offers a thorough and personalized strategy to locate top-quality talent that is tailored to your business needs. By evaluating and pinpointing the ideal candidate for your unique role, they can help you avoid the costly mistake of hiring the wrong individual.
With their extensive industry knowledge and professional network, they can introduce you to the finest talent available, facilitating quick and efficient job placements. Additionally, they can offer valuable guidance and recommendations throughout the hiring process, empowering you to make the best choices for your business. If you require recruitment services in Nigeria, please don’t hesitate to contact EER Global’s specialized department for further information.
