If you are currently hiring, simply share your J.D. and we’ll send you quality profiles for free. More details are in the newsletter.
Welcome to another edition of Workshift! The exclusive newsletter for Leaders, Founders and Managers.
If you missed last week's issue, catch up here
In Today's Email:
- Save More When You Hire
- 4 giant technology stocks added more market value than the rest of the S&P 500 put together
- AI Tool Of The Week 🤖: In 2024, making a presentation still takes you days? Tome creates stunning presentations from a simple prompt
- Opportunity of the week 💡: Apply or nominate someone to receive support in launching and accelerating their first investment vehicle
THE BIG IDEA
Save More When You Hire
You’d be shocked to discover that in 2022-2023, companies spent over $101 billion on hiring and training new employees alone.
The irony is, it takes 6 months or more for a company to break even on its investment in a new hire.
Many founders recently opened up to me about how difficult it is for them to source quality talent, especially when their budget is limited. You don’t need to be among the Big 4’s to attract quality talent. You deserve people who are equally passionate about your vision and will support you in achieving it.
In the US, the average cost per hire is nearly $4,700 and again, that’s on average.
Most founders painfully stated the time it takes to fill a single position. On average, it takes about 42 days to fill an open position. That is a significant delay in your company’s growth.
You need a structured process when it comes to hiring. A standard budget coupled with a short time-to-hire can save your company about $12,489. This is a fact.
This has led us to offer you an opportunity to hire as much quality talent as you need for just $2,000 per month. Yes, it’s unlimited hiring for a fraction of the usual cost. To be sure you get the best value out of your money, you’ll receive free quality profiles before you pay.
But, this exclusive offer is limited to just 10 slots. There’s no reason why you should spend over $4,700 to hire one talent, you can choose to save more when you hire with CareerBuddy.
So, if you are currently hiring, simply share your J.D. and you’ll receive quality profiles under 48 hours, for free.
→ Share with someone who needs this
Challenge Of The Week 🎯
People usually ask “Besides common foods like rice, bread or pasta, what else can one eat?” These are 14 superfoods to add to your diet. Plus, they are filled with essential vitamins, minerals and antioxidants. If you're tired of the same old meals try something new.
Hiring vetted talent at a low cost is an increasing demand.
Abraham Iyiola, CEO of Tamborin, recognized that millions of talented and hardworking young people are unemployed, hence the reason Tamborin exists.
“I started thinking of a way to help Canadian employers solve their hiring issues and also help put millions of young people across Africa to work. My startup, Tamborin, would help Canadian SMBs hire exceptionally talented employees from Nigeria, Kenya, and Rwanda, saving them up to 70% of their current hiring expenses.”
The launch of this placement service comes at a time when the demand for this nature of individuals is at an all-time high.
Learn From The Best ✍️
How Ferruccio Lamborghini made billions selling luxury cars:
Ferruccio Lamborghini was not a man who settled for second best. During World War II, he served in the Italian Air Force as a mechanic and gained valuable experience.
After the war, Lamborghini used leftover military equipment to build tractors and founded Lamborghini Trattori in 1948. His tractors quickly became a success, making him a wealthy man.
As his wealth grew, Lamborghini loved high-end sports cars, including Ferraris. However, he found them lacking in certain aspects. Legend has it that Lamborghini, dissatisfied with the quality of Ferrari’s cars, decided to take matters into his own hands…
Don’t forget to save the image so you can always glance through it!
Credit: Ambition Chronicles
Meme Of The Week 😂
Credit: Ongig
Where You Should Be 🌍
EdTech Conference 2024
The Mastercard Foundation EdTech Conference 2024, happening in Abuja, Nigeria from July 8-10, 2024, is a gathering of innovators, leaders, and young minds coming together to drive transformative change in education across Africa.
Your Target Audience Are Our Friends 🎯
Are you excited about the opportunity to expand your brand? We offer access to connect with over 13,000 founders, leaders, and CEOs, including a B2C audience of more than 200,000 career professionals across Africa.
By partnering with us, you're not just getting guaranteed visibility, you're also tapping into a community hungry for your product and service.
Recommended Read 📚
In the course of a career at the helm of companies including Google, YouTube and Twitter, Bruce Daisley has become fascinated by the culture of the workplace.
This book covers everything about working in the modern office. It addresses common questions, provides practical advice, and offers inspiration backed by real-world research.
Roundtable 🔄
Ever heard of the ‘Barbell Approach’?
What lessons can established leaders learn from this dual strategy approach?
Economic Trends For You 📈
- An extract from S&P Global Market Intelligence’s latest economic preview for the upcoming week.
- In May 2024, the Stanbic IBTC Bank Nigeria PMI rose to 52.1 from 51.1 in April, indicating modest private sector growth
- Have a look at the 2024 Circular Economy Report 2024
- The Bank of Canada cut its main interest rate by 0.25%, becoming the first G7 central bank to provide rate relief after widespread hikes to control inflation
Workplace Culture 👥
Investing News & Opportunities 💰
- 4 giant technology stocks added more market value than the rest of the S&P 500 put together this month. More than half of the gain came from Nvidia
- Now, Nvidia has overtaken Apple as the No. 2 most valuable company
- Salesforce stock sank by nearly 20% on Thursday, marking its worst day in 20 years
- Tesla’s board is asking shareholders to approve a substantial dilution of their stakes for no good reason
There’s More To Being A Leader🎖️
- Want to be productive? Don’t multitask, says Ceat Ltd's CEO
- How a startup revolutionized Indian B2B commerce for the manufacturing sector
- CEOs of Nigeria's top neobanks gathered for a roundtable to discuss growth strategies, fintech's future, and more!
- 7 secrets to succeed in life from Netflix co-founder
- Ai Tool Of The Week 🤖: In 2024, making a presentation still takes days? Tome creates stunning presentations from a simple prompt
- Opportunity Of The Week 💡: Apply or nominate someone to receive support in launching and accelerating their first investment vehicle
- Egypt-based Cash for Microfinance and Microfinanza Italia launched a $2.4 million project to support Egyptian entrepreneurs
Pro Tip To Take You Through The Week🌟
What’s Happening? 🤷♂️
While you were away at work, these 5 things happened:
- The founder of Binance, CZ, began his prison sentence
- President Biden vetoed a bill to overturn an SEC policy requiring firms to record customer crypto holdings as liabilities
- A nationwide strike in Nigeria halted air travel and caused widespread power outages
- Russia aims to seize Niger's uranium assets from a French state-controlled company
- Google spotlighted 24 startups using AI to transform healthcare
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
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