Christian Tegethoff, Managing Director, CT Executive Search speaks at the online event organised by AHK Russia
CT Executive Search Updates
On the 9th of December, 2020 AHK Russia organised an online workshop titled - Intercultural Training: Negotiation and Sales in Russia.
Christian Tegethoff, Managing Director, CT Executive Search spoke about the development and implementation of sales strategies in Russia, as well as how best to manage sales staff. He also gave a practical example of how a consulting company can go about promoting its services on the Russian market.
“Russia remains an important investment destination for German businesses. An in-depth knowledge of the Russian business culture is extremely important if a company is looking to successfully set up operations here. It goes without saying that membership in AHK Russia is a very good strategic move for any German company looking to stay up to date on recent developments on the market.” – Christian Tegethoff, Managing Director, CT Executive Search
Diversification has progressed to different degrees
Oliver Oehms, CEO, German Emirati Joint Council for Industry and Commerce (AHK)
How is the German economy represented in the Gulf region today? Which industries are particularly active?
The German economy is well represented in the Gulf region. Nevertheless, great differences can be observed within the region - for example, when comparing the German activities in Kuwait with those in Saudi Arabia. The United Arab Emirates (UAE) is still one of the most important locations. Many German companies (from SMEs to MNCs) establish their regional headquarters in the Emirate of Dubai, from where they monitor and control operations throughout the Gulf region, and in many instances, the African continent, as well as South and sometimes, Central Asia.
DOING BUSINESS IN NIGERIA - OPPORTUNITIES, CHALLENGES AND FINDING THE RIGHT TALENT
CT Executive Search Update
On the 29th of October, 2020 CT Executive Search and the Delegation of German Industry and Commerce in Nigeria (AHK Nigeria) held a joint event titled - Doing Business In Nigeria - Opportunities, Challenges And Finding The Right Talent.
Following a brief overview of the business opportunities and advantages of investing in Nigeria, Christian Tegethoff, Managing Director, CT Executive Search then spoke about Nigeria’s labour market shedding more light on the prospects for expatriates in terms of executive search, and the status quo with regards to the availability of local talent.
TERMINATION WITHOUT NOTICE DUE TO PRIVATE INTERNET USE
An IT service provider terminated the employment relationship with an employee without notice. The reason was a working time fraud. The employee had been given a laptop to perform his work. During working hours, the employee used his business e-mail account and the Internet very extensively for private purposes. In addition to the employment agreement, the parties had concluded a separate agreement.
Dismissing an Employee in a Senior Role: Some Insights Based on Case Studies
This article takes a look at two case studies and addresses some commonly asked questions regarding the dismissal of an employee holding a senior position or important role in the company.
The focus is on addressing questions about the company’s intention and the legal basis of such a dismissal.
Czech employment-related rescue program Antivirus A and B is being extended
The spread of coronavirus across the Czech Republic has not slowed down – quite to the contrary. The government is responding by extending (and making tweaks to) its compensation package for employers known as the Antivirus program.
In connection with the continuing pandemic of coronavirus SARS-CoV-2 which, in the form of the disease known as COVID-19, not only attacks the health and wellbeing of individuals but also the purses of employers, the Czech government has decided to extend the time period during which expenses may be claimed under its Antivirus program (which comes in two flavors – A and B), and to make certain adjustments to the terms of eligibility.
Strategies for Managing Enterprise Downsizing and Salary Reduction
Allan Xu and Chenchen Liu, Dezan Shira & Associates
This article discusses the legal options and risks involved for HR managers when strategizing their company’s enterprise downsizing and salary reduction plans in China in the wake of COVID-19.
As the COVID-19 pandemic sweeps the world, many enterprises are facing financial and operational hiccups due to the economic fallout. Many companies have been forced to rethink their human resource management, to ensure the survival and long-term sustainable development of the enterprise.
Adjusting the internal organization structure and compensation system may effectively optimize human resource (HR) allocation, conserve cash flow, and demonstrate a sound stewardship of a corporate entity.
China: A Labour Market Update
What is the situation like on the Chinese labour market?
According to government information, the unemployment rate was 5.7% in June 2020.Thus, higher than the figure recorded in 2019 -3.6%. However, this means that overall, the Chinese unemployment rate is still at a low level by international comparison this year, despite the corona turbulence.
At the same time the 2020 graduates have major problems on the job market - almost one in five of them had not yet found a job by mid of the year.
Overall, the lockdown was tough
Alexandre J. Gruß, Strategy Manager China, Eichenauer GmbH & Co. KG.
How is Eichenauer positioned in China? How important is China for your company?
The company first stretched out feelers to China in 2005. At that time, a joint venture with a dealer was established, then a plant for the production of convectors near Guangzhou was put into operation.
Ultimately, the question arose: should the existing location be expanded or a new plant be built elsewhere? I joined Eichenauer in 2014 to answer this question. To do this, I checked a number of alternative locations. After extensive research, and meetings with government and administrative bodies, we founded a WFOE (wholly foreign-owned enterprise), in Huai’an (Jiangsu Province), in 2015.
Executive Search in Nigeria
What does the Nigerian labour market look like? What are the prospects for expatriates in terms of executive search? Is preference given to local talent, and what are the executive positions currently in high demand? These are the questions that Christian Tegethoff, Managing Director, CT Executive Search addressed in his presentation during the online event organised by AHK Nigeria and CT Executives Search. Details here.
Online event: Focus on the Middle East: Investment opportunities, HR, and legal aspects of doing business
Why invest in the Middle East? What challenges should you expect as an investor, and how best do you address them?
Join us on Tuesday, 17 November as we take a close look at the prospects of doing business in the Middle East.
Date: Tuesday, 17 November 2020
Time: 3:00 pm – 4:30 pm Dubai time (GMT+4)|12:00 noon – 1:30 pm Berlin time (CET)
This is an online event organized by the MENA Legal and CT Executive Search.
The practical aspects of doing business in Nigeria - The Julius Berger story
Alexander Bauer, Regional Manager, Julius Berger Nigeria Plc
With over 50 years of experience in Nigeria, how did Julius Berger Nigeria Plc become Nigeria’s leading construction company and one of the country’s largest private employers? What are some of their landmark achievements in construction? And what's the company's outlook for 2021?
Find out in the brief presented by Alexander Bauer, Regional Manager, Julius Berger Nigeria Plc at the online event organised by AHK Nigeria and CT Executive Search.
The practical aspects of doing business in Nigeria The BASF story
Dr. Jean-Marc Ricca, Managing Director, Country Cluster West Africa, BASF West Africa Limited
How did BASF successfully set up operations in Nigeria? What were some of the hurdles faced, and how did they overcome it?
Find out in the brief presented by Dr. Jean-Marc Ricca, Managing Director, Country Cluster West Africa, BASF West Africa Limited at the online event organised by AHK Nigeria and CT Executive Search.
THE LEGAL ASPECTS OF DOING BUSINESS IN NIGERIA
Investing in Nigeria
PwC has projected Nigeria among the top world economies in 2050 ahead of Italy, Canada, South Korea, Spain, Netherlands, Australia, and others.
- Income tax relief for a period of three years and which can be extended for a period of one year and thereafter another one year or for one period of two years – Pioneer Status Incentives.
- Zero Import Duty: Zero percent import duty tariffs (custom, excise and value added) for import of agricultural equipment and agro-processing equipment.
- Exemption of interest from tax on loans granted to agricultural activities.
- Avoidance of double taxation agreement which eliminates double taxation with respect on income and capital gains.
These are just some of the reasons to invest in Nigeria. So what sectors should you be considering as an investor? Read the CT Executive brief to find out more.
Indonesia Issues Latest COVID-19 Immigration Measures
- On October 1, 2020, Indonesia issued Reg 26/2020, which relaxes certain criteria for foreign visitors to be able to enter Indonesia.
- Under Reg 26/2020, visit visa holders and limited stay visa holders are now allowed to enter Indonesia, provided they adhere to strict health measures such as presenting a negative COVID-19 certificate.
- Foreign visitors must also have sufficient health insurance coverage as well as funding (at least US$10,000) to stay in the country.
The Practical Guide to Running a Small Business in Russia as a Foreigner
Article by Marcus Hudson for Expatriant
Running a small business in Russia as a foreigner can be quite intimidating if you don’t know what you are doing. But, did you know that Russia is one of the easiest countries in the world to do business? The World Bank puts Russia ahead of Japan and Switzerland at number 28 in the world for ease of doing business.
- Who Can Start a Small Business in Russia
- Small Business Opportunities in Russia
- Tax Structures for Russian Small Businesses
- Operating a Small Business in Russia
India’s New Labor Codes: A Brief Note for Foreign Investors
- India’s new labor codes make hiring decisions more flexible for companies, reduce the labor compliance burden, and ensure that labor unions give 60 days’ strike notice.
India’s parliament approved three new labor codes on September 22-23, in a historic move to consolidate the country’s labor legislation and compliance norms. The codes are – Industrial Relations Code Bill, 2020; Code on Social Security Bill, 2020; and the Occupational Safety, Health and Working Conditions Code Bill, 2020.
The respective bills bring gig workers and inter-state migrant workers into the ambit of social security for the first time.
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.