Good old paper; What would we do without you? I mean, I can think of more than a thousand things paper is used for, but is it here to stay?
Two days ago (11th of April, 2016), Ecobank announced that it would be deploying cloud computing to drive efficiency. As you can see, more and more Nigerian businesses are now taking advantage of cloud computing to promote efficiency amongst other things. You know what that means? Less paper!
E-Commerce is the purchase of goods and services via an electronic channel. In Nigeria, E-Commerce businesses have become extremely popular, with close to 200 online stores already in existence.
Technology is a big part of E-Commerce businesses not just in Nigeria, but around the world because it allows quick and efficient expansion. Therefore, the adoption of HR Software is of importance to any E-Commerce business, serious about efficiency. Read more
The Pension Reform Act 2014 was signed into Law on the 1st of July 2014, effectively repealing and consolidating several changes made to the pre-existing Pension Act of 2004. The new Act introduced significant changes to pension management and administration in Nigeria and employers were required to become compliant by July 1, 2014. However, upon introduction, the Act caused some confusion amongst employers due to contradictions between the provisions of Section 4 (1 a&b) and Section 4 (4b) of the Act, which prescribed a total contributions of 18% and 20% respectively. Another point of confusion was due to the conflicting provisions with regards to the threshold in sections 2(2) and 2(3), which provided that the scheme shall apply to organisations with 15 and 3 employees respectively.
As a result of these conflicting areas, the Nigeria Employers’ Consultative Association (NECA) recently received some clarification from PENCOM to resolve any confusion.
1. NECA was able to establish from PENCOM that the contradictory contributions of 18% and 20% were due to typographical errors, and as such, the intended and authentic total rate of contribution is 18%. Employers are, therefore, advised to ignore the 20% erroneously reflected in section 4(4b).
2. Per the conflicting thresholds set in in sections 2(2) and 2(3), NECA has now clarified that the threshold for private employers is indeed three employees, and not fifteen.
In addition, NECA also received a concession from PENCOM allowing companies to commence implementation by 1st January, 2015.
Welcome to the Official TalentBase Blog!
At TalentBase, we’re not just about creating an awesome and easy-to-use HR/Talent Management System for your growing business. That’s only 99% of what we do! HR Confab will be focused on helping employers and HR Managers stay abreast of the latest news and trends in HR, with the ultimate objective of helping their businesses attract and retain talent. It’s a monumental task, but we’ll keep at it and will also welcome your feedback and suggestions. Here are some topics to expect from us in the coming weeks:
– Employee Engagement
– Recruiter’s Desk
– Employee Retention
– HR Horrors
Thanks for stopping by and keep coming back! While waiting for the next post, feel free to request a free trial of TalentBase here.