MY CONSIDERATION EXPERIENCE 2

 Last week I shared with you, our Consideration Experience with four Public Limited Companies. One thing that stood out was the availability of the option of salary negotiation, it was clear from the point of joining salary that they paid higher than those without that option.

Let me start today by sharing my point of joining salary with Private Limited Companies, usually called One- Man Business.

1. N651,000 p.a.

2. N2,353,000 p a.

3. N1,015,000 p.a.

4. N5,200,000 p.a.

The conclusion that could be drawn from the analysis of last week is that Nos. 1&3 operated the "Take it or leave it" salary policy, while Nos. 2 &4 gave ample room for salary negotiation.

In order not to distort salary figures at the time of entry, I have left out the cost of the official vehicles and the attendant running costs. The reason for this is not unconnected with the absence of official car with No. 1 &3.

However, one thing that was common to all four companies was the absence of HR Policies and Procedures, which I had to fight to put in place with dare consequences.

While Nos 1 & 3 operated an Industrial Relations model, Nos 2 & 4 operated an Employees Relations model.

While there was a difference of over N3.5m salary at the point of joining the One-Man Businesses, compared to the Public Limited Companies,, the existence of HR Policies and Procedures, more than compensated for the salaries short fall.

Another major difference was that while I spent only seven years in the four One-Man Businesses, the remaining years of my 25 years of active service time was spent with four Public Limited Companies.

Finally,one beautiful thing that come out of the narration from last week is that only one of those 8 companies was not involved in manufacturing.

We shall conclude this Content on salaries next week by sharing "Changing Jobs: More than salary.