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Jobberman Best 100 Companies to Work For in Nigeria 2016

Best companies to work 2016

Which organisations are the leading brands to work for?

Jobberman has reviewed the list of the best places to work in Nigeria to provide a comprehensive rating of employee satisfaction and commitment to different employers in Nigeria.

Below is an infographic of the 100 companies that made the 2016 list at a glance.

List of Best 100 Companies in Nigeria to Work For 2016

The 3rd Annual Jobberman Best 100 Companies To Work For focused on identifying, recognising and celebrating top employers in Nigeria, as rated by employees and professionals. The ranking also provides insight to job seekers on companies they should have their eyes on, for employment and career growth, as well as providing opportunities for business prospecting.

Best 100 Companies to Work For in Nigeria 2016 (1)

Jobberman.com conducted online surveys with experts across all industries utilising its 2 million+ database of entry-level job seekers and seasoned professionals; as well as reaching out through email, social media, and partner channels. The survey captured questions on work experience, salary parameters and working conditions.

Best 100 Companies to Work For in Nigeria 2016 (2)

The key work parameters highlighted in the survey were as follows:

  • Gender
  • Age
  • Employment Status
  • Level of Experience
  • Monthly Salary
  • Current Organisation of Employment
  • Reasons for Commitment to Current Employer
  • Job Satisfaction
  • Career Growth Prospects
  • Work-Life Balance
  • Staff Welfare
  • Equal Opportunity Policy
  • Company Culture

Best 100 Companies to Work For in Nigeria 2016 (3)

 

Best 100 Companies to Work For in Nigeria 2016 (4)

 

Best 100 Companies to Work For in Nigeria 2016 (5)

 

Best 100 Companies to Work For in Nigeria 2016 (6)

Methodology

Respondent Categorisation

Only responses from employed respondents were considered, on the premise that employed respondents are better qualified to provide accurate and unbiased views on their current or past organisations.

All respondents were classified according to Age Bracket, Seniority Level, Monthly Salary and duration at the company. Only seniority level had a weighting and impact in the final results with the senior level carrying the most weighting and entry-level carrying the least. The Business Owner level carried no weighting so as not to make the results biased.

Respondents were asked to rate their current employer on the following satisfaction metrics, using a 5-point system ranging from Not Satisfied to Very Satisfied:

  • Job Security
  • Monthly Salary
  • Career Growth Prospects
  • Company Management
  • Work/Life Balance
  • Staff Welfare
  • Employee Relationship
  • Gender Equality
  • Organisational Structure

The responses here were weighted and used to qualify and rank all 172 nominations for the Top Employers to work for.

Nominations by current and former employees had a higher weighting than those who nominated companies based on hearsay or public perception. The final scores per company were then normalised to take account of companies who have thousands of employees. Only companies confirmed to have more than 50 employees were considered in the final result.

The major work parameters responsible for the satisfaction ratings indicated above were centred primarily on Monthly Salary, Work/Life Balance, Career Growth and Advancement, Welfare Benefits and Job Security in order of importance.

Respondent Overview

A total of 2,013 valid responses were considered in the final analysis.

  • 32.7% female and 67.3% male.
  • 71.9% of the respondents were between the ages of 26 and 40.
  • Seniority parameters were as follows: Entry-Level 32.9%, Middle-Level 46.6%, Senior-Level 17.7% and Business Owners 2.8%.
  • 51% of respondents earn under NGN100,000 (US$200) monthly, 23% of respondents earn between $200 and $300, 15.9% earn between $300 and $600, 6% earn between $600 and $1000 with only 4.1 % of respondents earning over $1000 monthly.
    (The exchange rate as at 31st January 2017 of US$1: NGN500 has been used.)
  • About 56% of respondents have been working for their current organisations for up to 2 years. 28% of them have been with their current employer for between 2 and 5 years while 9% had been with their current employer for over 7 years.
Best 100 Companies to Work For in Nigeria 2016 (7)
Figure 1: Graph showing overall employment satisfaction of respondents

The majority of survey respondents indicated being fairly satisfied with their current employment while 21.9% expressed dissatisfaction overall. Only 6% of the respondents indicated they were very satisfied overall while 21.2% were just satisfied.

Best 100 Companies to Work For in Nigeria 2016 (8)
Figure 2: Graph showing employment metrics and satisfaction levels of respondents

According to the survey, only 13.8% of respondents were highly satisfied with their jobs. This did not come as a surprise judging from the fact that only 10.6% of respondents enjoy a very satisfactory work-life balance. Another source of the dissatisfaction expressed by respondents was credited to only 5.4% of them being satisfied with their monthly salary. The frustration experienced by employees can also be attributed to poor career growth prospects, where only 17.8% of respondents were satisfied. To highlight the dissatisfaction even further, only 15.1% considered their employer’s organisational culture to be excellent. One highlight that also raised great concerns was staff welfare where only 8.7% of the respondents considered their company’s staff welfare excellent.

These figures clearly reveal a need for companies to improve on job satisfaction for their employees with a focus on better salaries, improved staff welfare packages, a more robust work-life balance, a stronger organisational culture and enhanced career growth prospects for employees.

Best 100 Companies to Work For in Nigeria 2016 (9)

Insights

Culture matters

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A total of 72 organisations that made the Best 100 cut are run by Nigerian CEOs while 28 of these companies are run by Expatriate CEOs; reflecting the importance of culture and local knowledge in order to thrive in Nigeria.

59.3% of respondents were of the opinion that their work commitments were appreciated by their organisations. Another 63% were open to referring their company to others seeking employment.  

Job Mobility on the Rise

Best 100 Companies to Work For in Nigeria 2016 (11)

When asked if respondents saw themselves working with their current employers for the next two years, 51% did not, while 15% responded that they would, 33.9% of the respondents were unsure.

Multinationals are the cream of the crop

Best 100 Companies to Work For in Nigeria 2016 (12)

A total of 60 multinational organisations made the cut for best companies to work for in Nigeria. 8 of these organisations rank in the top 10 companies on the list, followed by 2 local brands in the financial and e-commerce sectors, respectively. Of these multinational companies, 19 of them are privately run while 36 are publicly listed companies.

Local companies on the rise

Best 100 Companies to Work For in Nigeria 2016 (13)

The rankings show that 42 of the best companies listed started in Nigeria and cut across the Financial Services, ICT, Media, Power, Oil and Gas, Aviation, Outsourcing and Professional Services sectors. In total, 27 local companies were listed with 20 of these organisations being privately owned while 13 of these organisations are publicly listed companies.

Government-owned organisations totalled 13 of the Best 100 with 80% of them being in the  Oil and Gas; Financial Services; Logistics; and Aviation Sectors.

Healthcare is a big focus for Non-Profit Organisations

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7 Non-Profit organisations were listed as the best places to work. 3 out of these 7 organisations are United Nations’ (UN) organisations while 4 of them are health-care focused.

24 of the companies dominated the Nigerian Stock Exchange (NSE)

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With ‘Power Law’ at play in 2016, a total of 39 companies out of the 100, represent approximately 80% of the market capitalisation of the entire Nigerian Stock Exchange (NSE).

Most FMCG’s on the list are Publicly Quoted

Best 100 Companies to Work For in Nigeria 2016 (16)

In the FMCG sector, 13 organisations were ranked as best to work for. It was interesting to know that 10 of these organisations are all publicly quoted companies. 11 of these organisations are multinational companies with CHI Limited and Flour Mills ranking top for the local brands. Only 4 FMCGs listed started in Nigeria.

Financial Sector is the least resilient sector with nine banks dropping off the list

Best 100 Companies to Work For in Nigeria 2016 (17)

Amidst the heavy job cuts across financial services sector in 2016, a total of 19 financial institutions were considered best places to work. 8 of these being multinationals. In 2015, a total of 17 banks made it to the list of best companies to work for. In 2016, the number of banks on the list dropped to 10; with Skye Bank, UBA, FCMB, Stanbic IBTC Bank, Sterling Bank, Diamond Bank, EcoBank, Mainstreet Bank and Keystone Bank not making the list.

Oil & Gas still resilient and the most attractive sector

Best 100 Companies to Work For in Nigeria 2016 (18)

Despite the decline in oil prices, 13 Oil and Gas companies were listed on the Best 100 Companies to Work For; with 70% being multinational companies and NNPC ranking highest for the local brands.This was an improvement from our last report with only 8 oil and gas organisations making the best 100 cut. The Oil and Gas sector also emerged as the industry with the highest-paid median. It recorded the best compensation and benefits with NGN500,000 as monthly salary for entry-level employees.

Educational institutions take the backseat

Best 100 Companies to Work For in Nigeria 2016 (19)

No educational institution in Nigeria made it to the list of 100 Best Companies to Work For. This draws attention to the 2017 budget proposal, where only 6 percent (N448.01 billion) of the N7.30 trillion budget was allocated to education. This figure is a far cry from the UNESCO standard of 26%.

Funding helps

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In the ICT sector, 13 organisations were listed with over 62% of these companies being multinational and 6 of them founded in Nigeria. 5 internet companies: Konga, Jumia, Iroko Partners, Uber and Andela are internationally funded companies that have attracted an excess of US$500 million. Among the 7 Telecommunication brands that made the list of Jobberman Best 100 Companies to Work For, 85.7% of them were multinational organisations including locally founded establishments. Interestingly, only 2 out of the 7 companies were founded in Nigeria. These were Nigerian Communications Commission and Glo.

Three of the Four Industrial Groups are involved in Cement Production

Best 100 Companies to Work For in Nigeria 2016 (21)

In the industrial sector, 4 organisations were considered the best place to work. All of which are multinationals. 2 of these companies started in Nigeria. 3 out of 4 of the listed companies are pursuing cement manufacturing as a major line of business.

Here are the Jobberman Top 100 Companies to Work for the Year 2016:

  1. General Electric
  2. Airtel
  3. Ericsson
  4. Google
  5. Shell
  6. Guaranty Trust bank
  7. First Bank
  8. Andela
  9. Union Bank of Nigeria
  10. Konga
  11. Nestle Nigeria PLC
  12. Integrated Corporate Services Limited (ICSL)
  13. Cool FM Lagos
  14. Nigerian National Petroleum Corporation (NNPC)
  15. Leadway Pensure PFA Limited
  16. Chevron
  17. KPMG
  18. Nigerian Bottling company Limited
  19. UAC PLC
  20. Courteville Business Solutions PLC
  21. Exxon Mobil PLC
  22. Nigerian Port Authority (NPA)
  23. Nigerian Breweries PLC
  24. Institute of Human Virology Nigeria
  25. Central Bank of Nigeria
  26. AXA  Mansard Insurance PLC
  27. Access Bank PLC
  28. Lafarge Cement WAPCO PLC
  29. Public and Private Development Centre Limited (PPDC)
  30. Nigeria LNG Limited
  31. Dangote Group
  32. Aluko & Oyebode
  33. Insight Communications Limited
  34. Honeywell Flour Mills PLC
  35. MediaReach OMD Limited
  36. Total PLC
  37. IBM
  38. SystemSpecs Limited
  39. Seplat Petroleum Development Company PLC
  40. Interswitch
  41. CHI Limited – TGI Group
  42. Cummins West Africa Limited
  43. BUA Group
  44. APIN Public Health Initiatives
  45. Reckitt Benckiser
  46. Guinness PLC
  47. UNFPA
  48. MTN
  49. Huawei
  50. Maersk
  51. Accion Microfinance Bank
  52. Wema Bank PLC
  53. Zenith Bank PLC
  54. British Tobacco Company
  55. United Nations (UN)
  56. Procter & Gamble
  57. Levant Construction Limited
  58. Microsoft
  59. Unilever PLC
  60. World Bank
  61. Nigerian Communications Commission (NCC)
  62. British Airways
  63. Seamfix Nigeria Limited
  64. Aggreko Project International
  65. Jumia
  66. DHL Express
  67. World Health Organisation (WHO)
  68. GlaxoSmithKline (GSK)
  69. Federal Inland Revenue Service (FIRS)
  70. Etisalat
  71. Mastercard
  72. ECOWAS
  73. iROKO Partners
  74. Fidelity bank PLC
  75. Agip Oil Company Limited
  76. Lagos TV (LTV)
  77. Nigerian Deposit Insurance Corporation (NDIC)
  78. Sahara Group
  79. US Embassy
  80. AIICO Insurance PLC
  81. IHS Nigeria Limited
  82. Deloitte
  83. Schlumberger Nigeria
  84. Federal Airports Authority of Nigeria (FAAN)
  85. Globacom
  86. Africa Finance Corporation
  87. Nigerdock Nigeria PLC
  88. Accenture
  89. Niger Delta Development Commission (NDDC)
  90. Standard Chartered Bank
  91. FHI 360
  92. Flour Mills of Nigeria PLC
  93. Federal Civil Service Commission
  94. Uber
  95. African Development Bank
  96. Sanofi Pharmaceutical company
  97. Addax Petroleum
  98. Nepal Oil and Gas Services Ltd
  99. Cadbury PLC
  100. APM Terminals

 

 

WRITTEN BY
Samod Biobaku
A Nigeria-based writer and blogger who has written and edited for top brands including The SUN, Punch, Newswatch, Pulse.ng, Bigsam Media, Nigerian Bulletin, Swish Interativ, Hello Nigeria, National LIFE, iCampus, Jobberman and Cheki.
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