Ever feel like you're missing out on valuable data insights for investing? You're not alone! Research revealed that 99% of VCs lack a solid data strategy. But with Synaptic, you can access over 100 real-time company performance metrics from diverse sources like user traffic, app downloads, and more—all in one place.
Synaptic has the data you need to join the 1% of VCs who invest smartly! Ready to make smarter investment moves? Test their free trial today!
Welcome to another edition of Workshift! The exclusive newsletter for African Leaders, Founders and Managers.
If you missed last week's issue, catch up here
In Today's Email:
- What You Should Do Differently
- Get free advice about your business from the co-founder of Netflix
- AI Tool Of The Week: AI-Lawyer provides instant legal advice and tools for making documents. It's designed to replace your costly consultations, long waits for appointments, and confusing legal texts
- Opportunity Of The Week 💡: The African Angel Academy is running a special programme for women from Africa and the diaspora. You would learn about the entire angel investing process and also join a 600+ alumni angel network. Apply here
THE BIG IDEA
What You Should Do Differently
It is a fact that some of the biggest retail companies include Nestlé, P&G, and Walmart. These leading companies are pioneers and are currently valued at billions of dollars. Yet, an overlooked but important aspect is how they manage to retain their employees, which is a significant contributor to their mass revenue.
In a landscape where job turnover rates are soaring, Nestlé, P&G, and Walmart are doubling down on talent retention strategies for 2024, capitalizing on what's being called the "Big Stay" trend. What are they doing, and how can you capitalize on this?
Let’s start with P&G. The brand is taking a rare approach by offering new hires a meticulously structured career development path so they can grow their careers from the start.
Within their first decade, employees navigate through five distinct roles, they then end up becoming leaders which intuitively means they stay with the company for a long period.
This bright method helps their employees become good at many things and come up with new ideas as they solve different problems in different areas.
Similarly, Walmart is investing in comprehensive learning programs. They're empowering associates to craft meaningful careers aligned with their unique aspirations. In fact, Walmart recently announced increased wages for store managers, demonstrating their dedication to employee well-being.
Meanwhile, Nestlé is taking a new approach to the culture of internal mobility using a unique talent marketplace platform.
This tool helps their managers find talented people from different parts of the company. It also makes it easier for employees to meet new people and discover new job chances within the company. These ideas not only make employees happy but also help the company grow.
For you, these strategies reveal valuable insights into building a thriving organizational culture and retaining your top talent. By prioritizing employee development, offering competitive benefits, and embracing innovative tools, your business can cultivate not just a motivated workforce, but also a loyal one.
Since Nestlé, P&G, and Walmart are setting the bar high for talent retention in 2024, you can also navigate the talent landscape by drawing inspiration from these industry leaders to drive growth within your organization.
We do understand that acquiring top talents can be a huge challenge, it’s the reason we have carefully selected an exceptional African talent pool spanning across various industries and careers.
Ready to have one added to your company? Book a free call
Challenge Of The Week 🎯
Isn't it incredible how a few kind words can truly make someone's day? Especially with compliments.
Giving compliments not only boosts the recipient's mood but also strengthens relationships. You can simply praise your employee's hard work or remind your spouse and family how much they mean to you.
Your words have the power to uplift and inspire. So go ahead and make someone smile with a heartfelt compliment, they'll appreciate it more than you know.
Strengthen Your Company 🏆
Are you yearning for outstanding African talents to join your company, so you can reduce employee turnover and have a stronger, more stable team?
Learn From The Best ✍️
Chanel is a renowned luxury fashion house that has left an indelible mark on the world of fashion and beauty. Founded by the visionary designer Coco Chanel in the early 20th century, Chanel has become synonymous with elegance, sophistication, and timeless style.
How did it all start? Her life was filled with ups and downs. When she was 11, she was left at an orphanage. Yet, it was there that she acquired the skill that would shape her future: sewing.
Don’t forget to save the image so you can always glance through it!
Credit: Ambition Chronicles
Protect Your Digital Wealth 🔐
Imagine losing your digital assets with no quick fix in sight. It's like building a house without strong foundations – risky and unsettling. But, that’s where Bakkt Custody comes in. With Bakkt, your assets are safeguarded by multi-layered security measures, operated by Bakkt Trust Company LLC, a trusted NYDFS Qualified Custodian.
Plus, unlike others, they never play with what's yours – your assets remain solely yours. Since 2018, they've been leading the way in digital asset custody, with a proven track record you can continuously rely on.
Don't compromise your security. Choose Bakkt Custody today!
Your Target Audience Are Our Friends 🎯
Excited about the opportunity to spotlight your brand? We have a robust network of over 10,000 founders and a talent pool of 30,000+ professionals spanning HR, sales, creative, tech, and team leadership roles across Africa.
By partnering with us, you'll gain more visibility and access to a diverse audience eager to engage with innovative brands like yours.
Meme Of The Week 😂
Credit: 5Paisa
Where You Should Be 🌍
Are you a key player in the real estate sector or do you possess a discerning eye for lucrative property investments?
In the dynamic realm of Nigerian real estate, seizing opportunities while navigating challenges is paramount to success. That's why you shouldn’t miss the upcoming March Industry Outlook event titled: "How to Succeed in Nigeria's Real Estate in 2024”. During this online event, strategies for thriving in Nigeria's real estate sector in 2024 will be discussed.
Economic Trends For You 📈
- This is a quick update on the financial markets
Credit: Nairalytics
- According to Celestine Monga: Africa is paying more to borrow because Arbitrary limits are set on debt-to-GDP ratios, public assets are undervalued, and obsolete methods for assessing debt sustainability grossly exaggerate risks. This makes rating agencies grade Africa poorly
What Do You Think? 🤔
Strengthen Your Company 🏆
“CareerBuddy gets it. Hiring isn’t a walk in the park but they make the recruitment process a lot less daunting. From how quickly they are able to source for candidates to ensuring the sourced candidates are of high quality and are a great fit for our company, they're great at what they do'' - Cadana
Investing News & Opportunities 💰
- Have a look at the latest Global Investment Returns Yearbook 2024 future projection
- Opportunity of the week 💡: The African Angel Academy is running a special programme for women from Africa and the diaspora. You would learn about the entire angel investing process and also join a 600+ alumni angel network. Apply here
- Uber is considering investing $100 million in mobility startup Moove, potentially raising Moove's value to $750 million
Workplace Culture 👥
Here's valuable advice for you to consider when managing your team
There’s More To Being A Leader🎖️
- Get free advice about your business from the co-founder of Netflix
- A simple framework for multi-level investment decisions
- How to win a business grant: 4 entrepreneurs share their tips
- AI tool of the week 🤖: AI-Lawyer provides instant legal advice and tools for making documents. It's designed to replace your costly consultations, long waits for appointments, and confusing legal texts
- Opportunity of the week (2) 💡: Cascador is offering a professional development stipend of $5,000 to each participating entrepreneur accepted into the cohort
Pro Tip To Take You Through The Week 🌟
What’s Happening? 🤷♂️
While you were away at work, these 5 things happened:
- Startups across Africa raised a total of $217 million in February 2024
- Nigeria detained Binance executives in cryptocurrency crackdown
- Kenya’s inflation for February hit a 23-month low of 6.3%
- Mastercard and MTN MoMo are launching a prepaid virtual card. This will expand their access to over 100 million payment points worldwide
- CBN sold another N1.3 trillion in treasury bills at 21.5%
Share With Your Friend 📣
If you know this newsletter can help someone in your network, why don't you go ahead and share?🚀
ABOUT CAREERBUDDY
Hire Smarter, Not Harder
At CareerBuddy, we make hiring seamless for fast-growing companies, we pride ourselves on knowing the best people that will excel in a Startup. With a candidate retention rate of 90.3%, it is safe to say “We are the best in the game for Startup hiring in Africa”.
We have worked with our partners to hire both for Technical and Non-Technical roles, we have also helped them with expansion in Africa. Some of our clients include Bamboo Invest, Helium Health, Cassbana, Cadana, Fincra, CrowdForce, Casava, TeamApt (now Moniepoint), Sabi, etc.
Are you hiring at the moment? Contact us
Written by Onekpe Regina
Edited by Oluwaseye Adesina
Connect with us
Thanks for reading WorkShift by CareerBuddy! Subscribe for free to receive new posts.