Online event: Doing Business In Nigeria - Opportunities, Challenges And Finding The Right Talent
Online event organized by the Delegation of German Industry and Commerce in Nigeria (AHK Nigeria), and CT Executive Search
Should you be investing in Nigeria? And if so, what should you look out for?
Join us on Thursday, 29 October as we take a look at the prospects of doing business in Nigeria.
Date: 29 October 2020
Time: 1:00 pm – 2:30 pm CET|1:00 pm – 2:30 pm WAT
This is an online event organized by the Delegation of German Industry and Commerce in Nigeria (AHK Nigeria), and CT Executive Search.
We will be looking at the practical, hands-on aspects of doing business in Nigeria. This event is brought to you by the people actually doing business there.
Rapid Development Provides Opportunities
How do you support companies in Africa?
How does CT Executive Search operate on the continent? We recruit into all kinds of C-level roles in Africa – for instance, Country Managers, Plant Managers, and senior administrative staff. We also recruit for small units - for example, for representative and sales offices.
In addition, we support companies in the market entry phase by placing external local specialists. These are local top managers who know the respective industry well from their own experience - for example due to previous work at a competitor company, a distributor or in the purchasing department of a potential target customer.
Nigeria: Understand the Landscape Before Large Investments
Mark Essien, CEO, Hotels.ng
As a tech entrepreneur and someone who made the Forbes list of 30 youngest entrepreneurs in Africa, do you see Nigeria becoming the next tech/IT hub aka the next Silicon Valley?
It may not be the next Silicon Valley, but it will likely be the most important place for technology in Africa, and the importance will continue to grow.
The country is very large, there is a lot of oil wealth, and now there is a strong migration to information tech, so we should expect to really see Nigeria become one of the central technology spots in Africa.
There are no Blueprints
Katharina Felgenhauer, Delegate, AHK Nigeria
How invested is Germany in Nigeria? How many German companies are active in the country?
We estimate that there are around 100 German companies in Nigeria. This includes all forms of presence - many of these companies have sales offices, others have their own production facilities, and still, others work with Nigerian partners.
The companies come from practically all industries. The construction, consumer goods, infrastructure, and energy sectors are particularly well represented. The Nigerian oil industry naturally attracts its suppliers.
Online event: Agile Scenario Planning – Opportunities For Investment & Expansion In Europe
Join us on Wednesday, 30 September as we take a look at the current opportunities for investment, expansion, and recruitment in Europe.
Date: 30 September 2020
Time: 9:30 - 11:00 am CET (GMT+2)
10:30 am – 12:00 noon GMT+3
Participation: Free of charge
Tadzio Schilling, Chief Executive Officer, Association of European Businesses (AEB)
Edward Blomstedt, Chief Executive Officer, AirFaas
Christian Tegethoff, Managing Director, CT Executive Search
Marcus Honkanen, Managing Partner, Nordic Minds
The event programme is available online.
Please register here for the event.
New chapter in the way we work - the future of the home office
Due to the situation caused by the coronavirus many companies have introduced the home office to enable working from home.
Because of the epidemiological situation, in March 2020 working from home – the home office – became daily routine in the workplace. However, its terms and rules are not regulated by the applicable Hungarian Labour Code. During the coronavirus state of emergency, the home office was introduced for many workplaces. Moreover, current trends show that companies want to take permanent advantage of the flexibility of working from home.
The Guide to Employment Permits for Foreign Workers in Indonesia
- There are two main legal options for foreign investors in setting up in Indonesia: establishing a foreign investment company (PT PMA) or a representative office (RO).
- Opening an RO is the fastest and simplest way of establishing a legal entity in the country, although ROs are not allowed to engage in any commercial activities.
- Establishing a PT PMA will enable investors to access Special financial and non-financial incentives, particularly in pioneer industries.
- Investors should assess their specific needs carefully before deciding which corporate structure to operate from.
Despite improvements in the Ease of Doing Business report, Indonesia continues to be challenging for foreign investors.
Should work in the same position for the same employer pay the same salary, regardless of whether the employee lives and works in Prague, in a large regional city, or in a tiny backwater?
In a recent decision, the Czech Supreme Court concluded that the variety of socioeconomic conditions across the various regions of the Czech Republic must not have any bearing on employers’ pay scales.
The application and interpretation of Czech Labor Law are relatively settled disciplines, but a recent Supreme Court decision has now caused some uproar. Judgment 21 Cdo 3955/2018 of 20 July 2020 concerns the issue of fair compensation and has solid chances of becoming a regular nightmare for quite a few employers.
Guide to Employment Permits in Malaysia for Foreign Workers
- There are three types of employment permits foreign workers can apply for in Malaysia. These are the employment pass, temporary employment pass, and the professional visit pass.
- The type of work permit issued by the government depends on the skill of the foreign applicant, as well as the remaining quota for that sector.
- It is the duty of the Malaysian company to apply for the work permit on behalf of the foreign applicant.
The Malaysian government generally issues three different types of work permits...
The Russian labour market: rapid recovery or long depression?
Corona, corona - the endless topic had major consequences for the Russian labour market and the purchasing power of the Russian population. Russia reacted relatively late to the pandemic, but then imposed a hard lockdown (at least in the capital). The rather bumpy introduction of the restrictions and many regional special regulations have caused some confusion among companies and employees.
How have the lockdown, travel restrictions, and the global economic slump concretely affected the Russian labour market? These questions are not easy to answer because the official figures available only partly reflect the actual situation.
The official unemployment rate in June was 6.1 percent. Although this meant that an increase was fixed (unemployment rate at the end of 2019 amounted to 4.6 percent), according to many market observers, actual unemployment is likely to be significantly higher.
PRESS RELEASE: FOCUS ON ROMANIA - ECONOMY, INVESTMENT CLIMATE AND THE LABOUR MARKET
How did Romania react to the pandemic? What government measures were taken? And what is the outlook for the future in terms of economic development and the labour market?
These are the questions that were tackled head on at the online event on the 26 of August, 2020. The event was held by CT Executive Search, Elite Searchers and STALFORT Legal. Tax. Audit. and supported by AHK Romania.
Christian Tegethoff, Managing Director, CT Executive Search talked about executive recruitment both at the local and expatriate levels. In his presentation, he spoke about the current and future demand for top level executives, as well as management styles and recruitment preferences in Romania.
Singapore Increases Qualifying Salaries for Foreign Employees
- Singapore’s Ministry of Manpower has increased the minimum qualifying salaries needed for foreign workers to receive the Employment Pass (EP) and S Pass permits.
- The ministry has also increased the qualifying salary for foreign workers in the financial sector – the first time the ministry has set a sector-specific qualifying salary.
- These measures were initiated to encourage businesses to employ local workers.
- Businesses must advertise new job positions on the MyCareersFuture.sg website for a period of 28 days to make them known to local job seekers.
On August 27, 2020, Singapore’s Ministry of Manpower (MoM) has increased the minimum qualifying salaries for foreign workers to receive the Employment Pass (EP) and S Pass work permits.
Companies are resuming their expansion plans
Semyon Cherkasov, Director, CT Executive Search
How did the corona-induced state regulations affect your clients’ businesses in Russia? Which operational adjustments were common?
Most manufacturing companies had to face similar issues all around Russia. They have to follow the rules of Rospotrebnadzor (Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing) and other organizations regarding the security restrictions.
Practically all companies shifted their organization to remote work conditions. For most businesses, this called for significant efforts, especially with regards to IT and other critical infrastructure. The employees had to quickly adapt to a new way of collaboration, management and staff alike.
That was tough!
Jens Palmen, Managing Director, Schattdecor Russia
How did the state and government’s measures to prevent the spread of the Coronavirus affect Schattdecor‘s business operations in Russia?
The restrictions have of course had a massive impact on Schattdecor. The plants had to be closed, and home office workplaces had to be set up for all office workers. In total, our production stood still for about two weeks.
Unfortunately, despite all our efforts, we did not manage to be classified as a systemically important company – like all of our competitors and 99% of the furniture industry. Only a good number of our wood-based material customers were recognized as systemically relevant and were able to continue production, provided that this made sense at all in view of the demand situation.
What are India’s Latest Guidelines on International Travel?
- New rules for passengers traveling to India in effect from August 8.
- Transport air bubbles currently in place with US, France, Germany, UK, UAE, and Qatar; agreement with Maldives has come into effect.
- Suspension of Indian international air flight operations extended till August 31, 2020.
- As of August 18, India is negotiating with 13 more countries to establish air travel arrangements.
- Foreign nationals holding J-1 and J-1X visas are now permitted to enter India.
- New standard operating protocol announced August 22 for non-scheduled commercial flights under the repatriation scheme, Vande Bharat Mission, and Air Transport Bubble Agreements.
Vietnam’s Entry Procedures for Foreign Employees amid the Pandemic
- Vietnam suspended the entry of all foreign visitors from March 22 and subsequently suspended all international flights.
- However, it has been allowing diplomats, officials, foreign investors, experts, skilled workers, and students to enter the country with special entry permits.
- All travelers, however, will be subject to a 14-day quarantine at a centralized government facility or a designated hotel.
- We recommend employers use a reputable professional firm to deal with the intricacies and administrative procedures of securing entry of their foreign employees.
Vietnam’s government, however, has allowed diplomats, officials, business experts, managers, highly skilled workers, and students to come to Vietnam provided they meet the necessary requirements.
The future of Africa’s independent automotive aftermarkets
africon recently presented at Messe Frankfurt Middle East: Automechanika Dubai’s webinar titled “Africa’s independent aftermarket (IAM) – a look at the current situation and future potential”.
In a webinar poll, they asked the 237 attendees from 65 countries if the African automotive aftermarkets will play an important role for their business in a post-COVID future. In total, more than 70% of the participants “strongly agreed” or “agreed”.
Beijing Tightens Social Insurance Filing Services by Third-Party HR Agency
- Beijing has released a new regulation restricting third-party HR agencies from filing social insurance in Beijing for employees of non-Beijing resident companies.
- Companies that have employees based in Beijing but do not have a registered entity or branch in the capital and entrust a third-party agency to file social security for their Beijing-based staff need to find alternative solutions as soon as possible before the end of the grace period granted by the government – in late September.
- Companies must take the regulation seriously to avoid incompliance and the adverse consequences so caused, such as being blacklisted, fined by the government, or being sued by affected employees, etc.
Effective from July 5, 2020, all labor dispatch companies and HR service companies (hereafter referred to as ‘HR agencies’) registered in Beijing are required to report part of the employees’ labor contract information when registering new employees with the Beijing Social Security Bureau for the administration of social insurance, according to the Notice Concerning Several Issues on Participation of Labor Dispatch companies and HR Service Companies in Social Insurance Scheme issued by the Beijing Social Security Fund Management Center on June 30, 2020.
Press Release: Focus on Africa - A Look At Business Opportunities, Growing Markets And How To Find The Right Talent
On 30 July, 2020 CT Executive Search and africon GmbH held a joint online event dedicated to doing business in Africa.
Marc Zander, Managing Partner, and CEO, africon GmbH spoke about the current business opportunities and the overall investment climate in view of the ongoing Coronavirus pandemic.
Christian Tegethoff, Managing Director, CT Executive Search talked about recruiting the right talent in Africa. Mr. Tegethoff addressed important issues such as:
- Africa’s distinct labour markets.
- How European companies fill their executive roles.
Restarting business in Russia
MIGRATION LAW At the present time, foreigners are only able to enter the country from abroad in particular cases (for example, if they have residence). Highly qualified specialists may enter if, at the employer’s request, they were entered on the list of the corresponding ministry. It’s still not at all easy to enter the country, but the first flights are already underway.
An important exception is what is known as an “installation visa”. Foreigners may enter the country, regardless of the industrial sector, in order to configure or provide technical servicing of equipment, etc. To so do, an application must be submitted to the corresponding ministry, following a complex procedure. A foreign specialist may enter the country on a visa received from a Russian consulate abroad.
May an employee refuse to come back to the office after working from home?
Poland: Employees refuse to come back to the office after working from home. What can employers do?
The anti-COVID-law in Poland allows employers to send employees home, temporarily working from home during the epidemic, even if employees have no teleworking agreement in place. Many firms used this opportunity to ensure burden-free operation during the epidemic. But after most of the COVID restrictions were already lifted, many employees still decline invitations to come back to the office.
Focus on Africa: Filling in Key Positions in Africa
Lithuanian Supreme Court rules on dismissal by employer
For the first time since the introduction of Article 59 of the Labour Code, the Supreme Court is dealing with this type of dismissal.
Termination of an employment contract at the employer's initiative under Article 59 of the Labour Code (DK) – one of the grounds for dismissal of an employee provided for by the DK ‒ was introduced in 2017 when a new DK entered into force.
So far, cases involving workers made redundant on this basis have only been heard in the lower courts. Now, for the first time, the Supreme Court, Lithuania’s highest instance, has dealt with the conditions for this type of employment contract termination at the initiative of the employer.
Focus on Africa – A look at business opportunities, growing markets and how to find the right talent
Capital Investment is Moderate
Dr. Reinhard Kohleick, Managing Director, Quadriga Capital Russia
Did the companies you worked with over the years resort to external advice? What experiences have you had?
Yes, we have resorted to external expertise on various occasions – especially if something did not work out or new topics were approached.
Working with an external consultant is always recommended if the required knowledge is not available in-house. When it comes to the perception of deficits, there are definitely differences between Russian and German companies.