10 Best Places to Work in Nigeria 2015
Jobberman in collaboration with Ventures Africa, Africa’s foremost online platform for news, analysis and discussion about African business, policy, innovation, and lifestyle, has just released the List of the Top 100 Companies for Millennials to Work in Nigeria, based on employee satisfaction.
Every generation creates a new flock of young adults that brings nuanced energy, expertise and awareness to the workplace. Born between 1982 and 2003, millennials account for about 60 percent of Nigeria’s population and a substantial segment of the workforce. Tech savvy and innovative, this new class of employee thrives on peer motivation and challenge.
Accounting for 80 percent of new intake in companies like Nigerian Breweries, millennials possess consumer-oriented perspectives that causes them to evaluate companies based on alignment to their own personal values and ambition. According to our survey of millennials in the workforce, company prestige ranked as the most significant factor in job consideration. This was followed by passion, with financial remuneration ranked third. Although the survey revealed that millennials are attracted to high financial remuneration, they are less likely to stay for long periods at a job if they do not achieve work-life balance or feel fulfilled.
Amid global trends of millennial influence in changing corporate culture, young Nigerians demonstrate that they, too, are looking for jobs that are purposeful, exciting and inspiring, as well as the companies that can provide them.
In collaboration with Jobberman, Nigeria’s largest jobs search engine, we conducted a two-stage survey to find the best places to work for Nigeria’s millenials. The first stage comprised 335 companies with over 6,000 respondents from entry level to executive level between the ages of 20 to 35, 65 percent of whom were gainfully employed at the time of the survey in 2014.
The index was calculated by the weighted average of each respondent’s top five companies. This was selected using parameters such as company culture, dream company, staff welfare, gender equality, government institution, company’s prestige, salary, and non-salary benefits.
The second stage of the survey accounted for the level of satisfaction and happiness of employees. This index was cal-culated by the weighted average of each response, which was selected using parameters such as level of satisfaction, salary consideration, level of contentment, career growth, concerns outside work, and work-life balance.
For the first stage of the survey, the oil and gas companies were once again highly ranked in a majority of the categories. Shell Petroleum Development Company (SPDC) was first in allbut one category – “Government Institution to Work For” – where the Nigeria National Petroleum Corporation (NNPC) came out on top. However, telecommunications and fast moving consumer goods (FMCG) companies also fared well. MTN and Nigerian Breweries emerged at the forefront among organisations in these categories. The list which follows reflects the public’s perception of firms from different sectors. It also illuminates the perception of millennials who work in these organisations and partook in the survey. This year, FMCG dominated, while firms from banking, telecommunication, oil and gas, and technology were represented significantly. Konga Online Shopping Ltd was voted the number one company to work for in Nigeria, based on employee response.
10. The Nation Newspaper
One of Nigeria’s national newspapers, The Nation covers politics and business while also delving into lifestyle, arts, and sports. The company has about 200 staff and prints its newspapers simultaneously in Abuja, Lagos and Port Harcourt. The company claims its 2014 turnover was $15 million (3 billion Naira). Almost all the top executives working with the Nation newspaper have, at one point, worked with other media companies. For instance, the current managing director of the company was also the managing director of Thisday newspaper. “I have attended training sponsored by The Nation; I am not just a reporter but also a multimedia person. At the Nation, you are not being restricted to doing what you can do. We are allowed to push our ideas,” said David Lawal, a staff member and online reporter for The Nation.