Building a Future-Forward Nigerian Business: Workplace Mobility

An alarming statistic common in the startup world is the popular "90% of startups fail within the first 5 years", and a myriad of factors have been highlighted to contribute to this failure. One of them is when a company ceases to be innovative.

A future-forward business simply refers to the ability of businesses to survive irrespective of the challenges existing in the present. Even for Nigerian businesses, the times are constantly changing. Business owners have to grapple with changing trends, government policies, the 'unease' of work, physical and environmental factors, and emerging technologies, among others.

Thus, building a future-forward business is becoming more essential for survival and growth in Nigeria.?

Workplace Mobility

Following the global lockdown because of the COVID-19 pandemic, there was a highlighted need for businesses to be able to operate efficiently, anywhere and at any point. Nigerian businesses are also discovering alternative ways to work, and in the long-run being very cost-effective, saving on previously recurrent expenses like rent, fuel, utilities, maintenance, etc.?

A study by Stanford of 16,000 workers over a period of 9 months, showed employee productivity increased by 13% in remote staff. This was attributed to a quieter working environment. Nigerian employees also don't have to do the daily commute to work, attempting to beat traffic, catch the bus, and spend more on transportation fares - all of which are likely causes of burnout.

Implementing Mobility in Your Business

For business owners looking to use workplace mobility to build a business that can survive the future, these tips would help:

• Focus on building a strong team culture, even virtually. Dedicate resources to help them collaborate digitally.?
• Provide your staff with the tools and gadgets they need for success.
• Introduce additional allowance, compensations and incentives to help them adjust better. These can be internet allowances, workplace setup allowances, personal development and training, etc.
• Set up a structure and an efficient work routine, and trust the structure.
• Resist the urge for long and unnecessary virtual meetings. Long meetings would leave less time for action and implementation.?

How Eazipay Helps Your Business

We offer customizable advisory services to help you determine payroll, compliance and compensation for your remote staff, based on your budget.

Our software also allows you to accurately pay salaries, deductions and compliance for all your employees, working across all states in Nigeria.

Reach out to us via email at [email protected] or our website, www.myeazipay.com?

***

Thank you for reading and sharing! Watch out for part two of this four-part series on building a future-forward business, on the 20th of July, 2022.