Posts tagged ‘vacancy’

White Paper on Nigeria Hiring trends: 2018

Africa’s leading oil producer had been hard hit by falling prices for the commodity, which accounts for the majority of its export revenue thus plunging the country into recession. One of the consequences of the recession was unemployment and layoffs which tend to increase as a way of curtailing expenses.

 

After seeing its worst recession in 25 years, Nigeria’s economy is limping back to normalcy.  Many believe the country is officially out of recession.  The country is now diversifying its economy to include manufacturing, agriculture and exports and investing in skills acquisition in diverse sectors, stressing on practical applications to reduce joblessness and assist them in finding jobs in Nigeria.

 

Currently, companies are looking for people who are innovative and entrepreneurial. More companies are hiring and are not deterred by the recent recession as they are able to get highly competent talent with prior Nigeria experience at competitive salaries. What is happening is that those who do not have these required skills are let go while those who have are being sought after and hired. The recruitment landscape is quite promising with employers having an upper hand.

 

Datum Recruitment Services has rich experience in hiring for middle and senior management for leading organizations in Nigeria. We present a white paper for hiring trends and recruitment predictions for 2018.

 

Please download from : datum_whitepaper (1). 

How will “VAT – VALUE ADDED TAX” effect the UAE – Economy and Employment

VAT is scheduled to come into effect from January 1, 2018.

 

What is VAT?

 

Value Added Tax (in short VAT) is an indirect / consumption tax on the supply of the goods and services

–              Implemented in more than 150 countries across the globe

–              All 29 EU member states have implemented

–              Including countries like Canada, New Zealand, Australia, Singapore and Malaysia

 

Why in UAE?

 

In UAE high-quality public services are provided to its citizens and residents at a cheaper / much lower price

–              To bring-in alternate revenue sources which will help them reduce dependency on Oil

–              VAT will be a new source of income / revenue in UAE

 

What would be the impact in UAE?

 

“VAT is expected to yield Dhs12 billion in the first year of its implementation and up to Dhs20 billion during the second year,”

– Sultan Al Mansouri, Minister of economy.

(Reference – The National)

 

Flowers:

 

–              VAT, a new source of income

–              A contribution to the quality of the public services even in future

–              It will also help the government to take a step forward towards its vision of reducing dependency on oil and other hydrocarbons

–              Creating a more stable economy

–              Even at a low rate, VAT has the potential to raise huge amounts of revenue.

–              As UAE is one of the most globally ambitious countries, with trillions of dirhams of infrastructure projects scheduled in the next ten to 25 years, creation of a stable revenue stream is good practice by the government.

(Source: www.timeoutdubai.com)

–              Education and Healthcare are Zero-rated

–              Two terms to remember

o             Exempt (VAT has to be paid, can’t apply for refund)

o             Zero-rated (VAT is not applicable or can be refunded)

 

Thorns:

 

–              Cost may go up by 5% which is minimal and affordable

–              UAE being one of the costliest countries in the world, 5% additional would raise questions

–              94 food products are exempted

 

What is the Conclusion?

 

But set at five percent, the new levy seems a small figure when compared to the 150 countries already implementing VAT or a similar method of taxation (in the UK, for example, VAT is 20 percent).

Yes, we might see a general rise in our cost of living, but with the GCC members having already agreed to exempt 94 food products, as well as school fees and healthcare bills, from the new taxation, so there is no need to panic.

 

What will be the immediate effect on recruitment, hiring patterns and job creation?

 

There’s likely to be a mini consumer boom before the end of 2017 and also an upsurge in vacations and hotel room bookings before VAT sets in, there could be an increase in hiring in the retail and hospitality sectors to cope up with the consumer spike.

 

The demand for accounting, finance and tax executives, as well as information technology (IT) professionals is only expected to grow as the VAT rollout draws closer. Any company that procures or sells products and services in the UAE will now have to beef up preparations for the collection of VAT, upgrade their processes and look at the different aspects of their business, from the supply chain all the way to the end customer.

 

Considering that several organizations will be on the lookout for talented professionals for their VAT implementation, there will be a shortage in IT implementers to do the ERP transformations and more critically, a major shortage in suitable skilled staff with knowledge of VAT and the requirements to implement VAT across the business processes

 

It’s safe to say that thousands will be recruited. However, a lot of professionals without relevant experience will lose their jobs because they are not qualified or experienced in the area.

 

A recent survey by a leading talent search organization has found that larger organizations with a higher headcount are better prepared for VAT implementation, as compared with smaller organizations. This survey also reports that many companies have not assigned a budget for VAT implementation and therefore could be implementing VAT without increasing headcount spend and introducing the new laws using their existing workforce.

 

How to wreck Your Career

(Yahoo Finance) Unintentional–even innocent–mistakes can dim a bright career future. Have a look at some common career blunders some tips on how to avoid them.

 

1. Make emotional, rash decisions. Being impulsive and quitting a job in haste. It will wash away years of hard work. The career decisions people most often regret are those that are made in haste when emotions are running high.

 

2. Be reactive.  Signs of trouble? Expecting layoffs or the organisation to sink? Plan ahead, take action and take control of the situation before unemployment hits you.

 

3. Avoid self-reflection. You are not perfect. If you do not take responsibility for your shortcomings, and commit to improving them, it is a career faux pas.

 

4. Wing it. Don’t be vague about your career. You need to know where you’re going and have a map to the way up to succeed.

 

 5. Get comfortable. Being in a comfort zone is a big NO. You need to stay ahead of the ahead of the competition, learning new skills and pushing yourself to new levels

Tips to manage your work time

1. Difficult stuff first.

 

Always tackle the most difficult task first thing in the morning when your energy and concentration level is at its highest. The longer you put it off in favour of easier, lower priority matters, the bigger that mound gets (and the worse it tastes).

 

2. Think sprint, not marathon.

 

No one won can work at full potential for eight hours at a stretch.  It is best to work in Short, uninterrupted bursts of concentration.

 

3.  Me first.

 

Complete tasks on your to-do list before others’ lists. You will much better position to support others with their projects.

 

4.  Set deadlines.

 

Whenever you request a deliverable from someone, request them from a deadline. Of course the reverse is also true.

 

5. Touch it once.

 

With hundreds of emails coming in, a good filing system is crucial. Read your emails once, do something with it, and then let it go.

 

6. Group like items.

 

Organize your week into specific days for similar tasks with allotted timeframes. Knowing what your week looks like in advance makes it easier to be in the right mindset when the time comes.

 

7.  Online Communication

 

If an email is confusing better to meet or call the person to have a clear communication. This is time and energy saver.

 

8. Delegate.

 

Learn to delegate more of the work.  Doing everything yourself is tedious and messy and slows your own productivy.

 

9. Track time.

 

Go through your work week and Track your time hour-by-hour. If there are time wasters you need to rearrange your life (and calendar) accordingly.

 

10. Exercise

 

Exercise to distress; be more energetic and more alert at work.

 

11. One job at a time

 

Mono-tasking works. By minimizing distractions, and focusing carefully on one task at a time, we can actually speed up our overall work rate.