A recent survey by Phillips Consulting has shown that over half (52 per cent) of Nigerian professionals are considering leaving their current jobs and moving
Before the Ukraine crisis, the Nigerian economy faced multiple challenges, including unemployment, a weak currency, and insecurity. The situation has exacerbated the high cost of living and affected employees’ finances and purchasing power.
As labour shortages continue to rise globally, there is intense competition for talent, especially in low-to-middle-skilled occupations. Employees are resigning or migrating for a mix of issues, some of which are within an organisation’s direct control, while others are not. Moreover, this demographic includes young professionals with valuable skills and extensive education, making them highly desirable in the global job market.
According to the Phillips Consulting survey report, businesses should review their employee value proposition and talent management strategy to succeed in today’s constantly evolving talent management landscape. This means considering hybrid work arrangements, implementing a fair employee compensation strategy, and providing learning and career development opportunities.
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