Business

10 Best Ways to Keep Employees Happy, Engaged, and Motivated

10 Best Ways to Keep Employees Happy, Engaged, and Motivated

Business, Recommended for you
If you haven't heard, it's worth repeating: Gallup revealed that in 2015, only 32 percent of U.S. workers were considered "engaged" in their jobs, meaning they were involved in, enthusiastic about, and committed to their work. The majority (50.8 percent) were "not engaged," meaning they showed up and killed time, doing the minimum required with rare extra effort. These were the people thinking about lunch and waiting for the clock to hit 5 p.m. The other 17.2 percent in Gallup's research were "actively disengaged." You don't want this bunch working for you: These employees were either checked-out or just going through the motions. That's a lot of unhappy people! Making the Business Case for Engaging Employees In case "employee engagement" sounds like fluff to you, case study a...
Government Takes Over Ajaokuta Steel

Government Takes Over Ajaokuta Steel

Business
Signs modified agreement with GSHL on NIOMCO The Federal Government on Monday took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with Global Steel Holdings Limited(GSHL) for the Nigerian Iron Ore Mining Company (NIOMCO), Itakpe. By the new agreement, Ajaokuta Steel Complex has now reverted to the Federal Government, effectively freeing the entity from all contractual encumbrances that had left it uncompleted and non-functional for decades, while GSHL retains NIOMCO.The new agreement, which came after four years of mediation, was signed at a short ceremony presided by the Vice President, Prof Yemi Osinbajo, in his office at the Villa on Monday. Minister of Solid Minerals Development, Dr Kayode Fayemi, signed on behalf of th...
11 Words From ‘Harry Potter’ That Every Boss Should Know

11 Words From ‘Harry Potter’ That Every Boss Should Know

Business
The play Harry Potter and the Cursed Child, an adaptation of the book series set 19 years after the last installment, opens Saturday at the Palace Theater in London. Critics are giving it five star reviews, with one going so far as to call it an "entirely original" work, with "Dickensian sweep and momentum to the storytelling." The acclaim isn't exactly surprising. Since author J.K. Rowling penned the first novel, Harry Potter and the Sorcerer's Stone, in 1995, the books have sold more than 450 million copies and been adapted into eight films grossing more than $21 billion. Here's another testament to the success of the "boy wizard" concept: There are now dozens of words that ordinary "muggles" have adopted into common parlance. (That one, it's worth noting, was actually entered into...
4 Unusual Ways Successful Companies Keep More of Their Best Customers

4 Unusual Ways Successful Companies Keep More of Their Best Customers

Business
Customer retention is invaluable when your business lives or dies on subscriptions. If you provide some type of monthly subscription service, such as a product or software as a service, it's vital to increase customer lifetime value and retain more of your best customers. But how do you do it? Is it to build a better product? Well, obviously you want to make your product more valuable and more essential. But this isn't always easy to do because of the time involved. Customer retention has been one of my top focuses for eight years at the software company I founded, WordStream. We've probably done more than 1,000 experiments over the years. Now I'd like to share some of my findings. Here are four unusual ways to reduce churn rates and increase overall customer lifetime value. ...
7 Ways Successful People Have Better Mindsets

7 Ways Successful People Have Better Mindsets

Business, The Markets
It's interesting to wonder why some people are more successful than others, especially if you yourself are aiming high. What do people like Richard Branson, Elon Musk, and Bill Gates have that feeds their ongoing excellence and propels them to the highest levels of success? The answers are complex, of course. But that doesn't mean they can't be learned. Each of these successful people shares certain smart mindsets--mindsets that any one of us can emulate, that will do us good no matter what level of success we aspire to. Here are seven of the top examples: 1. Successful people don't take failure too seriously. They see failure as the opportunity to begin again, but this time more intelligently. They know it's not a defining event, and they don't treat it as a problem unless it...
FG Set to End 75% Annual Tomato Waste

FG Set to End 75% Annual Tomato Waste

Business, Economy
The federal government has said plans are underway to end the 75 per cent wastage annually recorded in tomato production in Nigeria. According to FG, this would be achieved through the implementation of new policies that would boost local production and processing. The government spoke through the Minister of State for Trade, Hajiya A’isha Abubakar, recently. She said that new policies to enhance farm produce storage and were underway. She said that the ministry was working on policies to boost local processing of tomato and other perishable products. Abubakar inspected facilities at the Erisco company which has an installed tomato production capacity of 450,000 metric tonnes per annum, according to Erisco Chairman, Chief Eric Umeofia. She stated that the current administration
US Flags Off Private Agric Partnership In Nigeria

US Flags Off Private Agric Partnership In Nigeria

Business
The US government has flagged off a private sector partnership in Nigeria’s agricultural sector at the US Embassy. The $2 million partnership is aimed at increasing access to smart tractors, improved seeds, and profitable markets for over 45,000 small scale farmers across seven states, including the Federal Capital Territory by the end of the programme. The deputy chief of mission, Maria Brewer, described the partnership as a co-investment in public goods. “Many young people see jobs in agriculture as old-fashioned. They think these jobs lack opportunities for economic benefit and career advancement. In reality, the agricultural sector offers huge potential for job creation for young people. In sub-Saharan Africa, up to 70 per cent of young people live in rural areas and half of the
Weak Naira: Who Is To Blame, Buhari or Emefiele?

Weak Naira: Who Is To Blame, Buhari or Emefiele?

Business, Capital Market, Economy
The Central Bank of Nigeria should be blamed. But you cannot blame the servant without also blaming the master. The Central Bank Act gives the CBN much autonomy. But the autonomy is not supposed to destroy but build. You cannot apportion blame to the CBN governor without also blaming the oga. We should not talk about Godwin Emefiele and President Muhammadu Buhari without including Dr. Goodluck Jonathan, Chief Olusegun Obasanjo, Prof. Chukwuma Soludo and Sanusi Lamido Sanusi. All of them took us for a ride, despite the fact that they knew the truth. It is unfortunate. The truth is that if we have to criticise Emefiele, we have to criticise Soludo and Sanusi for continuously auctioning the dollar against the naira. Once you keep auctioning the dollar in a market that is already suffoca...
CBN Empowers 1,500 Youths With N2.5b Entrepreneurship Loan

CBN Empowers 1,500 Youths With N2.5b Entrepreneurship Loan

Business
The Central Bank of Nigeria (CBN) on Thursday in Abuja flagged off the pilot phase of the Youth Entrepreneurship Development Programme (YEDP) aimed at empowering 1,500 youths with a total of N2.5 billion loan. The CBN Governor, Mr Godwin Emefiele in his remarks said that the inability of Nigerian youths to access funding for businesses had been the bane of entrepreneurship. Emefiele said that entrepreneurship among Nigerian youths had been hindered by low capacity and funding which has made many of them opt for white collar jobs which are not even available. “ These challenges have continually made many youths to jettison their laudable ideas in pursuit of white collar jobs. “Their inability to access funding has been the bane of developing the ideas of many educated and enterp
Three Ways To Earn Interest On Your Personal Account

Three Ways To Earn Interest On Your Personal Account

Business, Capital Market
Jumoke Alabi has three different accounts with a bank. She has a current, savings and a special account, which is one of the innovations from the bank. Her bank deducts regular charges on her current account but does not pay any interest on it. She gets some returns on her savings account with little charges. Alabi earns higher interest on the special account but her bank deducts charges for transactions on the account. On this special account, the bank has, however, placed some conditions on how she can operate it. She must maintain the minimum account balance and cannot issue a cheque to anyone or transfer money using her debit card. She cannot have a debit card to withdraw money from the Automated Teller Machine but she can use her token to make transactions. Despite having the...