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Diversifying economy through outsourcing

To a large extent, English law has influenced some aspects of outsourcing transactions such as data privacy, confidentiality and labour law.

Stakeholders believe that Nigeria, being the second-largest economy in Africa, should not be left behind in the outsourcing initiative train.
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They argued that a viable outsourcing sector would assist in the diversification of Nigeria’s economic base.

They said for Nigeria to become more attractive in the outsourcing business and become a hub, it must review, without delay, the Nigerian National Outsourcing Policy and Institutional Framework 2007 document.

The policy document, which was unveiled by the National Information Technology Development Agency (NITDA) as the regulator, they said, would propel the industry to play its proper role in the economy. ....

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HR outsourcing in Nigeria; The RIL story – Soji Oyawoye

HR outsourcing in Nigeria; The RIL story – Soji Oyawoye
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Running A Human Resource Outsourcing Business In A Growing Economy Like Nigeria

Outsourcing as a management practice simply means to transfer work responsibilities and decision rights to someone outside an organisation. Outsourcing is actually made up of two words, “out” and “sourcing”, a concept developed from American terminology “outside resourcing”.
When a company decides that the risk of managing in-house is greater than outside, then it is time to outsource. However, let me clarify that outsourcing goes far beyond outsourcing of humans. Other forms of outsourcing are Professional Outsourcing, Multi-Sourcing, IT Outsourcing, Process-Specific Outsourcing, Business Process Outsourcing, Manufacturing Outsourcing, Project Outsourcing and Operational Outsourcing.
For all outsourcing types, the three key reasons for enagaging outsourcing and in order of significance are, Cost Savings as outsourcing moves a busineses costs from variable to fixed. The second reason is that outsourcing enhances efficiency for the business, and thirdly delivers ....

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HR outsourcing In Nigeria: The RIL story

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Sadly though, what is generally in operation is Casualization, which is often confused with Outsourcing. Casualization is the employment of casual staff, who have no contractual rights or benefits whatsoever. Outsourcing on the other hand employs staff with full labour satisfied rights and benefits such as fixed salary, pension, medical, paid annual leave and right of notice, or payment in lieu before their employment can be terminated.
It is the job or service that is outsourced, not the staff. The Professional Outsourced Provider is the one that secures an Outsourcing Contract, which like all other contracts could be time bound, one to three years contract. The employees that such a professional outsourcing company deploys to service the contract ARE NOT contract or casual staff. They should be core staff of the Outsourced Provider. Such staff are redeployable to other contracts of the Provider in the event of the Outsourcing contrac ....

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Association confers fellowship on professionals - The Nation Newspaper

Association confers fellowship on professionals - The Nation Newspaper
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