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Talent Acquisition and Retention Strategies for 2024: How to Secure and Keep the Best in Your Organization

Did you know that over 50% of all organizations globally have difficulty retaining some of their most valued employee groups (talents)? (Source: Bonusly). Attracting and retaining top talent is one of the most significant challenges businesses face today.  While companies want the best professionals, the costs associated with hiring, onboarding, and retaining high-quality employees can be overwhelming. This is where People Outsourcing comes in as a strategic solution to acquire top-tier talent while keeping your operational costs in check.  This article explores how People Outsourcing can help your organization secure and retain talents at affordable rates. Let’s dive into the details! What is People Outsourcing? People Outsourcing involves you contracting a third-party service provider to manage various staffing functions, including recruitment, onboarding, payroll, and employee training and development for you.  By outsourcing these processes, your business can focus on core activities while benefiting from a more flexible and cost-efficient approach to workforce management. Attracting and Retaining Talent Without Breaking the Bank Many organizations struggle to hire the best talent and manage payroll expenses. With traditional recruitment and retention methods, businesses often face high headhunting, onboarding, training, and long-term retention costs.  Moreover, as a business, you must also deal with compliance and labor law requirements, which greatly increase administrative overhead in almost all countries. People Outsourcing addresses these challenges by offering affordable and effective staffing solutions tailored to your organization’s needs in many ways. How People Outsourcing Helps You Hire Top Talents at Affordable Rates 1. Access to a Wider Talent PoolOutsourcing partners typically have access to a larger and more diverse pool of candidates, locally and globally. This allows you to tap into talent markets you may not have the resources to reach.  Whether you need specialized skills, temporary project-based hires, or long-term employees, People Outsourcing provides the flexibility to acquire the right talent for each role without the hassle of exhaustive recruitment efforts. 2. Cost-Effective Recruitment ProcessOne of the significant advantages of People Outsourcing is cost reduction. Recruitment involves various hidden costs, from advertising job openings to conducting interviews and assessments.  Outsourcing providers streamline the recruitment process using efficient technologies and extensive networks, reducing these costs. This allows you to acquire high-quality talent at a lower cost. 3. Reduced Overhead for Benefits and PayrollIn-house hires often come with significant costs, including salaries, benefits, payroll taxes, insurance, and administrative expenses.  Outsourcing providers manage these aspects on your behalf, allowing businesses to access top-tier professionals without absorbing these additional expenses. This makes People Outsourcing a more budget-friendly option, especially for companies looking to scale their teams quickly. 5 Ways ICS Outsourcing’s Unique Approach to People Outsourcing Helps You Retain the Best Talents At ICS Outsourcing, we know that retaining top talent isn’t just about hiring the right individuals—it’s about maintaining a flexible, strategic approach to workforce management that keeps your employees engaged and satisfied.  Here are five ways our unique People Outsourcing process, led by our HR Business Partners (HRBPs), helps you retain the best talents: 1. Flexible Staffing Solutions Tailored to Your NeedsWith ICS Outsourcing, you can adjust your workforce based on specific project needs. Whether you need temporary staff for short-term projects or permanent hires for long-term roles, we optimize your staffing levels.  This flexibility prevents overstaffing and under-resourcing, which keeps your employees from feeling overwhelmed and boosts their job satisfaction. 2. Our Strategic HRBP SupportOur HR Business Partners (HRBPs) work closely with you to understand your company’s culture, values, and goals.  By partnering with you, they ensure that the talent we provide has the right skills and fits well within your company’s culture. This alignment helps retain employees who feel connected and committed to your organization, reducing turnover and enhancing long-term loyalty. 3. We Offer Tailored Onboarding and TrainingYour employee retention efforts start with a smooth onboarding process. Our HRBPs design personalized onboarding experiences to help new hires integrate quickly and effectively into your team.  We also offer continuous training and development, ensuring your employees stay on top of industry trends and keep growing. This investment in their professional development encourages loyalty and engagement. 4. Proactive Employee EngagementWe make sure your employees feel valued and supported by providing proactive employee engagement through regular feedback, career development plans, and open communication.  Our HRBPs stay involved, conducting regular check-ins and offering guidance. This kind of attention keeps your employees engaged, reduces turnover, and ensures they remain productive and committed to your company. 5. Long-Term Workforce PlanningWe don’t just meet your immediate staffing needs—we help you plan for the future. Our HRBPs work with you to anticipate workforce requirements, ensuring you have the talent to support your long-term business objectives.  This forward-thinking approach creates a stable work environment where your employees feel secure and valued, increasing retention over time. By partnering with ICS Outsourcing Nigeria Limited, you gain access to a unique People Outsourcing approach that attracts and helps you keep top talents committed and engaged for the long haul. With ICS Outsourcing, acquiring and retaining the best talent doesn’t have to come at a high cost. Our People Outsourcing offers an affordable, flexible, and efficient solution to help you access top talent while reducing overhead. By working with the right outsourcing partner and implementing effective talent management strategies, your business can attract high-quality employees and retain them, all without breaking the bank. Contact us today to get started.

Tips for Effective Leadership Succession Planning

Tips for Effective Leadership Succession Planning

Building a capable and resilient leadership team is critical to long-term business success. However, when a key leader steps down or moves on, it can leave a challenging gap to fill without careful planning.  That’s where leadership succession planning comes in—helping organizations prepare for seamless transitions and ensuring continuity. This guide explores how succession planning can support your leadership goals by fostering a culture of growth, ensuring a steady flow of talent, and securing your organization’s future in today’s ever-evolving business environment. What Is Leadership Succession Planning? Leadership succession planning is a proactive approach to identifying and preparing emerging leaders who can step into key roles as they become available.  This process goes beyond simply naming replacements; it involves developing high-potential employees to ensure they are ready to take on larger responsibilities aligned with the organization’s goals. For instance, a successful sales manager might be groomed for a senior management role, while a senior manager may be prepared for executive leadership.  The aim is to create a strategic, methodical process to nurture talent, align them with the company’s long-term needs, and mitigate risks associated with sudden vacancies. Key Benefits of Leadership Succession Planning As companies expand, so does the need for skilled leaders who can guide growth and adaptation. Developing a talent pipeline ensures that your organization has a steady supply of leaders who are ready to take on future challenges. Here are some significant benefits: Essential Qualities to Identify in Future Leaders Identifying future leaders requires a clear understanding of the traits of effective leadership. Here are some essential qualities: Developing a Talent Pipeline for Leadership Succession A robust succession planning program involves identifying, developing, and retaining talented individuals. Here’s how to start building your pipeline: In Conclusion, Effective succession planning is essential for organizations looking to cultivate strong leadership pipelines. By proactively developing talent and nurturing a culture of growth, you can secure your leadership future, ensuring continuity and competitive advantage over time. Book a complimentary call for our tailored business advisory service today.

Complete Guide to Effective Sales Outsourcing

Your Complete Guide to Sales Outsourcing

Sales outsourcing has emerged as a powerful strategy for businesses in Nigeria seeking to increase efficiency, reduce operational costs, and expand market reach.  In a competitive business environment, outsourcing your sales efforts can allow you to focus on core activities while leveraging the expertise of professionals who specialise in driving revenue growth. With over 30 years of experience in sales outsourcing services, at ICS Outsourcing, we know sales is the lifeblood of any business, and building a successful in-house sales team can be time-consuming and costly..  This is where sales outsourcing comes into play. By entrusting this function to us, you can access skilled sales teams without the overhead of recruiting, training, and managing them. This guide will explore the concept of sales outsourcing, and how to approach it effectively for your business in Nigeria. What is Sales Outsourcing? Sales outsourcing refers to hiring an external agency or team to handle all or part of your sales operations. This includes lead generation, prospecting, closing deals, and account management.  Outsourced sales teams work on behalf of your business to drive revenue, often working alongside your internal teams to enhance performance. In Nigeria, sales outsourcing has become increasingly popular. Companies now recognize the advantages of accessing seasoned professionals like us and leveraging advanced technologies that may not be readily available in-house. Here are a few compulsory services your outsourcing firm of choice must provide you below: Outsourcing Partners Typically Provide Services Such As: How Does Sales Outsourcing Benefit Your Business? Business process outsourcing is set to hit a value of $620 billion by 2032, as companies continue to work collaboratively with contractors[Source: findstack.com] Outsourcing your sales offers numerous benefits, including improved performance, scalability, and cost savings. Here are some key advantages you should note: 1. Access to Experienced Sales Professionals Sales outsourcing allows you to tap into a team of experienced professionals with specialised knowledge across various industries.  These teams are well-versed in best practices and know how to navigate challenges, making them effective at driving results. They bring a fresh perspective and innovative strategies to enhance your sales processes. 2. Cost Efficiency Building an in-house sales team has significant costs—recruitment, salaries, benefits, training, and infrastructure.  By outsourcing, you eliminate many of these expenses. Instead, you pay for the service, which typically includes all associated costs of maintaining the sales team, enabling you to allocate your budget more efficiently. 3. Faster Time to Market Outsourced sales teams are trained, equipped, and ready to go. You don’t need to spend months hiring, onboarding, or training new employees.  With sales outsourcing, you can ramp up quickly and start generating revenue faster, which is particularly valuable for businesses looking to enter new markets or launch new products. 4. Scalability and Flexibility As your business grows, so will your sales demands. Outsourcing provides the flexibility to scale your operations up or down depending on business needs.  This adaptability ensures you can handle seasonal fluctuations, product launches, or expansions without the burden of hiring and managing additional staff. 5. Focus on Core Business Activities When you outsource sales, your internal teams can focus on other critical aspects of the business, such as product development, marketing, and customer service. This allows your company to be more efficient, as the external sales team handles the time-intensive tasks of prospecting and closing deals. So what are the signs Signs It’s Time to Consider Sales Outsourcing Certain indicators suggest outsourcing sales could be a strategic decision for you. Here are three signs it might be time to consider sales outsourcing: A. Your Sales Performance is Declining  If your internal sales team struggles to meet targets, lacks motivation, or suffers from high turnover, an external sales partner can inject new energy and bring expertise to revive stagnant sales efforts and achieve better results. B.  You Find Maintaining an In-House Sales Team Capital Intensive The costs of maintaining an in-house sales team can quickly escalate, particularly if your business is growing. From recruiting to training, salaries, and infrastructure, Outsourcing provides a more cost-effective solution, with predictable costs and fewer administrative headaches. C. Difficulty Entering New Markets Expanding into new markets requires deep knowledge of local conditions, consumer behavior, and competition. Outsourced sales teams bring regional expertise and established networks, making it easier for your business to enter and thrive in new markets without heavy investments in personnel or infrastructure. Steps to Outsource Sales Effectively Outsourcing sales can be transformative for your business, but it’s important to approach it with a clear plan. Here are five steps to successfully outsource your sales operations: 1. Define Your Goals and Objectives Before you begin, clearly define your sales outsourcing goals. Are you looking to increase revenue, improve efficiency, or enter new markets?  Set key performance indicators (KPIs) and expectations to guide your outsourcing partner and ensure alignment. 2. Choose the Right Partner Selecting the right outsourcing partner is critical to your success. Look for a provider with experience in your industry, a proven track record, and the technology infrastructure to support your sales needs.  Ensure they understand your company’s values, products, and target market. Ask for case studies, testimonials, and references to validate their expertise. 3. Establish Communication Channels Effective communication is vital to a successful outsourcing relationship. Set up clear communication channels to ensure regular updates, progress reports, and feedback loops between your company and the outsourcing team.  This will help you stay informed and make adjustments as needed to achieve your sales objectives. 4. Monitor and Optimize Performance Once your sales outsourcing is underway, regularly monitor the performance of the external team against the KPIs you set.  This will help you identify areas of improvement and optimise your strategy to maximise results. Open communication with your partner allows you to adjust the approach as your business evolves. 5. Maintain Legal and Compliance Standards When outsourcing sales in Nigeria, comply with all relevant laws and regulations. Ensure your outsourcing partner adheres to industry-specific legal and data protection requirements.  Clear contracts outlining the scope of

Leveraging AI in the HR industry

Leveraging AI in the HR Industry

telligence (AI) is redefining how HR functions operate. But what does this mean for you?  “66% of CEOs believe that their HR departments can benefit from using artificial intelligence. At ICS Outsourcing, we leverage AI to deliver faster, smarter, and more efficient HR solutions that match your needs.” With AI, you can streamline your HR processes, reduce operational costs, and enhance your employee experience— while staying ahead in today’s dynamic market. Let’s take a look at the benefits of AI in the Human Resource industry below. Why Your Business Should Embrace AI in HR Integrating AI into HR isn’t just a growing trend—it’s a strategic advantage that could transform your business. You need fast and Precise human resource processes, and AI does that.  By outsourcing your HR functions to ICS Outsourcing, you access cutting-edge AI tools that enhance everything from recruitment to employee management. Here’s how AI can impact your HR processes: 1. AI-Powered Recruitment: Speed and Precision Finding the right talent can be time-consuming, but with ICS Outsourcing, it doesn’t have to be. We use an AI-powered Applicant Tracking System (ATS) to efficiently sift through hundreds of applications and shortlist the best candidates based on their skills, experience, and qualifications.  This significantly reduces the time spent in the hiring process, ensuring you get the right fit quickly. To make the process even more seamless, our HR Core software manages the entire recruitment phase, including scheduling interviews for shortlisted candidates and maintaining a clear timeline for you and the applicants. 2. Enhance Your Employee Experience Employers with automated parts of their talent acquisition and management processes are delighted with the outcomes. A staggering 93% report significant time savings and improved efficiency, while 67% indicate cost and resource savings. (Source: Career Builder Survey) Your employees are the core of your business, and providing them with a positive, engaging work environment is essential for retention and productivity.  Our AI-powered tools, such as intelligent chatbots, ensure your staff receives quick, accurate responses to their HR-related queries, from leave requests to payroll issues. This immediate assistance reduces frustration and creates a more efficient HR experience for your team.  Additionally, our personalised learning platforms use AI to assess their skills, interests, and career goals, providing them with customised development paths that align with their ambitions and your business needs. By fostering a continuous learning and responsiveness culture, our AI systems keep your employees motivated and engaged, ultimately increasing their job satisfaction and reducing turnover rates.  When your staff feels supported and empowered, they perform better, driving your business forward. With ICS Outsourcing, you can be confident that your workforce will receive the attention and development they need to thrive. 3. Get Data-driven decisions with People Analytics AI allows us to gather and analyse vast amounts of employee data to provide you with actionable insights.  Want to know how employee turnover impacts your bottom line? Or what kind of training will most effectively boost their productivity?  Our AI systems, integrated with HR Core, help you make smarter, data-backed decisions to optimise your workforce. For further enquiries regarding this and more, click here to contact us. In terms of upscaling and flexibility in the human resource management sector, Artificial Intelligence provides an inexhaustible leverage for businesses. Let’s look at a few more below.  4. Our AI-Enhanced Performance Appraisals Evaluating employee performance can often be subjective and time-consuming. By leveraging AI, we ensure that performance appraisals are accurate, data-driven, and fair.  Our HR Core software tracks employee performance metrics and generates real-time reports, making the appraisal process transparent and efficient for you and your staff. Beyond this, we also facilitate smooth communication between you and your staff members to ensure that both parties are satisfied with the appraisal processes and results. 5. Increased Efficiency in Administrative Tasks Managing HR administrative tasks can be time-consuming. However, our AI systems ensure that routine tasks are handled swiftly.  This ensures payroll is always processed on time, employee leave requests are tracked accurately, and your HR data remains up-to-date, without requiring constant manual intervention. By increasing efficiency in these routine tasks, AI enables your HR team to shift from transactional to transformational, allowing them to contribute more to the growth and success of your business.  Partnering with ICS Outsourcing ensures you get the best of both worlds: a smooth, automated HR process and a team of professionals focused on strategic outcomes that elevate your business. Conclusively, ICS Outsourcing not only offers you expert HR services- our legal team saves you from legal complications and our  AI-powered recruitment, employee management, and HR Core software ensure your business operates smoothly and stays competitive.  By outsourcing your HR needs to us, you can focus on growing your business while we handle the rest. Get in touch with us today via +2348090202323 or enquiries@icsoutsourcing.com.

Finding work-life balance by knowing the difference between myths vs realities.

How to Find Work-Life Balance; The Myths vs Realities

Achieving a perfect work-life balance has become a hot topic in today’s fast-paced world. Many people strive for it, but there are many misconceptions about what it actually means.  Here, we debunk five common myths and uncover the realities behind work-life balance. 1. Myth: Work-Life Balance Means Equal Time for Work and Personal Life Reality: Work-life balance isn’t about splitting time 50/50 between work and personal activities. Instead, it’s about finding a rhythm that works for you and aligns with your personal and professional goals.  Some days you may need to focus more on work, while other days, personal life might take precedence. The key is to prioritize and manage your time effectively, ensuring that neither work nor life consistently overshadows the other. 2. Myth: Achieving Work-Life Balance Means You’re Always Stress-Free Reality: Balancing work and life doesn’t mean eliminating stress entirely. Stress is a natural part of life, especially when managing multiple responsibilities.  What’s important is how you handle and mitigate stress. Building resilience, setting boundaries, and using stress management techniques can help you cope better and maintain a healthier balance. 3. Myth: Technology is the Enemy of Work-Life Balance Reality: While it’s true that being constantly connected can blur the lines between work and personal time, technology can also be a powerful tool for achieving better balance.  For example, using productivity apps, scheduling tools, and communication platforms can help you manage your workload more efficiently, allowing for more free time. It’s about using technology wisely to enhance, not hinder, your work-life balance. 4. Myth: Work-Life Balance is the Same for Everyone Reality: Work-life balance is a highly personal concept that varies from person to person. What works for one individual might not work for another.  Factors like career stage, family responsibilities, personal interests, and health all influence how each person defines balance. It’s essential to identify what balance means to you and create a plan that reflects your unique situation and needs. 5. Myth: Work-Life Balance is a One-Time Achievement Reality: Achieving work-life balance is not a one-time event but an ongoing process that requires constant adjustments.  Life is dynamic, with evolving priorities, changing job roles, and shifting personal circumstances. It’s important to regularly reassess your balance and make changes as needed. Flexibility and adaptability are crucial in maintaining a healthy work-life harmony over time. In Conclusion, Understanding the realities of work-life balance is key to setting realistic expectations and creating a life that feels balanced to you.  At ICS Outsourcing, we believe in supporting our employees in finding this balance by offering them resources to manage stress effectively. You should do the same for your staff and/or self. Remember, achieving work-life balance is a personal journey, and with the right mindset and tools, it’s possible to create a fulfilling and sustainable lifestyle.

ICS Outsourcing Celebrates 30 Years of Excellence

At ICS Outsourcing Nigeria Limited, we are thrilled to celebrate 30 years of transforming the outsourcing landscape in Nigeria. Our recent press conference in Lagos was not only a reflection on our past achievements but also a celebration of the innovative spirit that drives us forward. Our Legacy of Innovation and Excellence From our inception, our mission has been clear: to provide exceptional HR and business support solutions.  Over the past three decades, we have grown significantly, expanding our portfolio to include four specialized subsidiaries across sectors like healthcare, Information and Communication Technology (ICT), and more.  Our commitment to leveraging cutting-edge technology and deep industry knowledge has redefined what outsourcing means in Nigeria. Peter Akindeju, our Group Managing Director/CEO, captured the essence of our milestone at the press conference: “We are very excited as we mark a significant milestone in our journey—ICS Outsourcing Nigeria Limited is celebrating 30 incredible years! This is not just about looking back at our past; it is as much about embracing what’s to come in the world of outsourcing” (Business Day). Outsourcing’s Critical Role in Nigeria’s Economy Our celebration was also an opportunity to highlight the critical role of outsourcing in Nigeria’s economy.  As our GMD/CEO Dr. Akindeju emphasized, “Outsourcing is a crucial aspect of Nigeria’s economy, which contributes significantly to the country’s GDP” (Leadership.ng).  Despite its substantial impact, outsourcing is often misunderstood and undervalued. We believe it’s essential to institutionalize outsourcing practices to fully realize their potential for economic growth. Dr. Akindeju illustrated how outsourcing is embedded in virtually every sector, from aviation and manufacturing to power, oil and gas, and healthcare. “Many people do not know how critical outsourcing is to an economy. Its GDP contribution to the economy is enormous,” he noted, referencing the significant role outsourcing plays in global economies like India and the Philippines (Leadership Nigeria). Addressing Misconceptions and Celebrating Our Achievements At ICS Outsourcing, we understand that there are misconceptions about outsourcing, particularly concerning job security and wage disparities.  Dr. Akindeju addressed these concerns, affirming, “Outsourcing is a noble profession and is practiced all over the world” (Leadership.ng). Our approach ensures that outsourced staff earn competitive salaries and contribute significant value, proving that employment status doesn’t dictate compensation. We are proud of our track record of creating job opportunities for over 70,000 Nigerians across various tribes. This achievement underscores our role as a leading employer and a major contributor to the local economy.  As we look to the future, our focus remains on driving innovation and providing tailored solutions across our core services, including Sales Outsourcing, Recruitment, Staff Management, People Outsourcing, Fleet Management, Digital Marketing, and Business Advisory Services. Visit www.icsoutsourcing.com, email- enquiries@icsoutsourcing.com or call +2348090202323  Embracing the Future As we celebrate our 30th anniversary, we’re not just reflecting on our past; we’re eagerly anticipating the future. Our commitment to embracing new challenges and opportunities positions us to continue leading the way in delivering top-notch HR and business support solutions. Our recent press conference reaffirmed our dedication to shaping the future of outsourcing in Nigeria. With a strong foundation and a forward-thinking approach, ICS Outsourcing Nigeria Limited is set to continue its legacy of excellence and innovation. Stay tuned for more updates as we navigate the next phase of our journey, driving growth and success in the dynamic world of outsourcing.  Whether you need support with Sales Outsourcing, Recruitment, Staff Management, or any of our specialized services, we are here to help you achieve your business goals.

18 Things Mentally Strong People Do At Work

Welcome to the latest episode of ICS Connect, we will dive into the psyche of the office warriors, those mentally strong colleagues who seem to have cracked the code to workplace resilience and success. Today, we’ll explore the things these superheroes do differently at work. And there you have it! Stay strong, stay positive, and keep conquering those office challenges! Until next week Cheers!

The Narcissist in Your Office

I truly always look forward to Tuesdays. Welcome to this week’s edition of ICS Connect. As usual, the curious world of workplace dynamics is what we discuss. This time, we’re talking about a character we all know too well – “The Narcissist” Yes o, the one who makes every meeting feel like their personal TED Talk and can turn your lunch break into a saga of self-praise. Thinking…….. “Let us name our Narcissist for this edition, hmmm what name can we give them? I think it should be a Unisex name so that it covers both genders“ Let’s call him/her Bolu Disclaimer: This name has been picked randomly and without prejudice and has nothing to do with the Bolu you know. Bolu is that colleague who somehow always finds a way to steer any conversation back to his/her latest achievement. Got a new project? Bolu’s already done it better. Had a minor success? Bolu’s got a grander story. If you’ve ever complimented someone else, Bolu might have magically appeared to one-up them. Bolu is the office superstar… in his mind. Spotting Bolu Bolu thrives on admiration. His/her desk is a shrine to himself/herself, with awards (both real and self-created), and photos from his most glamorous moments. He’s always ready to tell you how he single-handedly saved the last big project, or how his idea, yet again, revolutionized the way things are done around here. I think we should just assume that Bolu is male. (him/her is tiring) Dealing with Bolu So, how do you cope with Bolu without losing your sanity or your sense of humour? Here are a few tips: Finding the Humor Remember, humour can be a powerful tool in navigating office dynamics. Laughing at the absurdity of Bolu’s antics can help you stay sane. Think of Bolu as the office’s sitcom character. Every workplace has one, and they make for great stories over lunch with friends. A Word of Caution While it’s easy to joke about Bolu, it’s important to approach this with empathy. Sometimes, narcissistic behaviour can stem from deeper insecurities or a need for validation. If Bolu’s behaviour crosses the line into harassment or creates a toxic work environment, it’s crucial to involve HR and address the issue professionally. The Uniqueness In the end, workplaces are a mix of personalities, and each one brings something unique to the table. Even Bolu, with his larger-than-life persona, is part of the mosaic that makes office life interesting. Embracing these quirks with humour and grace can make for a more harmonious workplace. So, next time Bolu starts recounting his latest “legendary” achievement, remember to smile, nod, and maybe even chuckle to yourself. After all, it’s these characters that add colour to our daily grind. It’s been a pleasure sharing with you this week on ICS Connect. Until next week, keep smiling and keep connecting! Cheers.

10 diplomatic ways to answer the salary questions at interviews

You must not forget this first sentence. Never! Ever! Ready? “90% of employers want to pay you less than the average base pay for the role you are applying for, and 50% of the 90 will adjust the pay if you are a good negotiator the other 40% will stick to the initial amount they offered you. But you can price yourself out of the role” You must be sharp! Do not lose your steeze! 7 Nuggets to remember: Answering salary questions during interviews can be tricky, as you want to demonstrate your value without pricing yourself out of the role. Here are seven diplomatic ways to handle the question: These responses help to keep the conversation open and show that you’re flexible and focused on finding a mutually beneficial agreement. And now to the 10 Diplomatic Answers Let me know (in the comments) what other responses you think is best to the salary questions at interviews. Thank you very much for your time, I will see you next week. Cheers

What salary are you worth? Learn how to calculate your salary expectation.

If you were to interview again for your current role and the interviewer asked you your salary expectation, what would be your response? Could be a TRAP: You may also phrase the question as, “What salary are you worth?”…or, “How much are you making now?” This is your most important negotiation. Handle it wrong and you can blow the job offer or go to work at far less than you might have gotten. Before you go into any negotiation, make sure you have no issues with calling “big money”. This does not mean that your salary expectation should be in the same range as the Founder/CEO of a company. Many people make the mistake of researching the organisation but not on the range of salary that is competitive in the market and for the experience they have. I have devised a simple formula to help you calculate your salary expectations. To calculate an expected salary based on a person’s experience and level within an organisation, you can use the following formula: You can call this Formula ISPF (Tell me what you think it means in the comments) Expected Salary Formula: Expected Salary= Base Salary + (Experience Multiplier × Years of Experience) +(Level Multiplier × Organizational Level) Explanation of Terms: Example Calculation: Assume the following values: Using the formula: Expected Salary=N70,000+(N50,000×5)+(N70,000×3) Expected Salary=N70,000+N250,000+N210,000 Expected Salary=N530,000 In this example, the expected salary for a person with 5 years of experience at a senior level (level 3) in the organisation would be N530,000. Customising the Formula: Adjust the Base Salary, Experience Multiplier, and Level Multiplier according to your preferred organisation’s specific salary structure and industry standards. Next week we will address some of the most diplomatic ways to answer the salary questions at interviews. Until next week cheers.

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