HR SUPPORT BUSINESS PLAN IN NIGERIA
HR Support Business Plan in Nigeria
This sample HR Support Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. HR Support Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of HR Support Business Plan in Nigeria
Business: HR SUPPORT
Industry: PROFESSIONAL SERVICES (HR Support Business plan in Nigeria)
PATILAD HR Support is a registered and licensed HR Support that will be based in Shomolu, Lagos State. We have expertise in a wide range of HR areas and we are targeting the emerging company market. We are responsible for personnel sourcing and hiring, application tracking, skills development and tracking benefits administration and compliance with associated government regulations. Our services are payroll administration, employee benefits, HR management and any other related services. We are aware that to run an all – round HR Support services can be demanding which is why we are well trained, certified and equipped to perform excellently well. We will make sure we assist our client to identify needs, develop an action plan and facilitate change to enhance the success of their organization. Our training and services are designed to improve productivity, efficiency, communication and employee morale. We offer highly professional, focused services to help our client grow and develop.
We help steer clear of employment pitfalls and expensive litigation. We are aware that businesses these days require diverse and sophisticated legal services. Everything we do is guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a humane, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
At PATILAD we formulate strategies that focus on recruitment and retaining top employees as well as overseeing projects that promote company wide productivity.
We provide training programs to strengthen the quality of work within an organization. According to the society for human resource management employee acquisition and retention strategies are vital to the success of a company that is why we implement strategies to reduce turnover, improve employee skills and increase overall company production.
As a human resource consultant we have many responsibilities within an organization as we protect the interests of both employer and employees. For employers, we manage employee relations and identify ways to cut labor costs. For employees, we protect their rights, ensuring that employers operate within the scope of employment and labor law. We also help workers with training and development; we determine appropriate delivery method to introduce training material based on worker needs. We provide support for employees who feel their rights have been violated.
We mediate disagreements between workers and employers to avoid possible litigation. At PATILAD we provide information that has to do with employee benefits, leave of absence, employee assistance programs and worker compensation benefits.
Our vision reflects our values, integrity, service, excellence and teamwork. Our clients cut across the different industries in Nigeria as we have worked for sectors such as financial institutions, oil and gas companies, manufacturing companies etc. we maintain world class standard with our services. We continuously seek workable solutions to our client’s problem because we are sure we have competent staffs with skills, understanding of the issues in delivering services. We go extra-mile for our client.
We might be a new entrant into the HR SUPPORT industry in Nigeria, but the management staffs and board members are considered gurus. They are people who are core professionals that know much about this business. We also make use of our compensation flexibility to attract emerging companies who are struggling to find enough capital to grow their business. These are part of what will count as a competitive advantage for us.
Products and Services for HR Support Business Plan in Nigeria
PATILAD HR Support proposes to offer variety of services within the scope of the professional services in Nigeria. Our intention of starting our HR Support is to work with both smaller organizations including start-ups and also well-established corporate organizations who would also want to ensure that we offer the market the ability to compensate client employees with stocks of options from their company.
We are well prepared to make profits from the industry and we will do all that is permitted by the law in Nigeria to achieve our business goals, aim and ambition. Our business offerings are listed below;
- Professional development
- Employee relations
- Labor relations
- Benefits and compensation
- HR policy and procedure
- Performance evaluation
- Business Formation
- Human resource management
- Personnel management systems
- Organization management
Keys to Success for HR Support Business Plan in Nigeria
The keys to success for the HR SUPPORT business include:
- Building trust with clients.
- A group of professionals with a broad range of specialty areas that complement each other.
- A high level of experience in these specialty areas.
- Legal and ethical practices when it comes to transparency and delivery.
- Provide needed service while providing flexible means of compensation.
Objective for HR Support Business Plan in Nigeria
- To offer high-quality services and a wonderful experience at reasonable prices.
- To create a HR Support whose primary goal is to exceed customer’s expectations
- To increase our number of clients served by 20% per year through superior performance and word of mouth referrals
- To achieve net profit of $60,000 in three years.
Goal for the HR Support Business Plan in Nigeria
To become one of the leading brands in the HR Support industry in the whole of Lagos, and also to be amongst the top 10 in Nigeria within the first 5 years of operation.
Vision for the HR Support Business Plan in Nigeria
Our vision is to be the best in HR Support in Nigeria and to be a consultant that so many people will want to partner with because of our record of excellent support to our client and to our employees.
Mission for the HR Support Business Plan in Nigeria
Our mission is to provide training, development, and education to promote individual success and increase overall value to the organization and also a safe and working environment.
Management Team of the HR Support Business Plan in Nigeria
GOWON LEKAN –He has extensive experience in a diverse range of transactional matters, and his legal practice is concentrated in the areas of commercial real estate, commercial finance, construction and general business contracts. He has a degree in law from University of Lagos, Akoka, Lagos and Lagos Business School.
Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Educational skill and practical experience in HR Support
- Capacity to consistently provide outstanding service.
- Quality processed product and good understanding of the market trend.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the HR Support Business Plan in Nigeria
With over 10 years’ experience in HR Support industry and numerous exposure to both the scientific and practical aspect of law services, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for HR Support Business in Nigeria
Starting an HR support business in Nigeria involves understanding the local market, legal requirements, and having the right materials and equipment. Here are some key aspects to consider:
Materials and Equipment:
- Office Space:
- Secure an office space in a strategic location. It could be a physical office or a virtual one, depending on the nature of your HR support services.
- Desks, chairs, filing cabinets, and other basic office furniture are essential for a physical office.
- Computer Systems:
- Invest in computers, laptops, and other necessary hardware for your team.
- HR management software for tasks such as payroll processing, employee records management, and performance evaluation.
- Communication Tools:
- Use communication tools like email, instant messaging, and video conferencing to connect with clients and team members.
- Website and Online Presence:
- Develop a professional website to showcase your services, provide contact information, and potentially offer online HR resources.
- Marketing Materials:
- Create brochures, business cards, and other marketing materials to promote your HR support services.
Machine and Technology:
- Internet Connectivity:
- A reliable internet connection is crucial for research, communication, and accessing cloud-based HR tools.
- A multifunction printer that can handle scanning and copying is essential for document management.
- Security Systems:
- Implement security measures for both physical and digital assets. This includes antivirus software, firewalls, and physical security measures if you have a physical office.
- Biometric Systems (Optional):
- For security and attendance tracking, consider biometric systems.
- Payment Processing System:
- Set up a secure payment processing system for invoicing and receiving payments from clients.
- Cloud Storage:
- Use cloud storage solutions to securely store and back up important HR documents and data.
Legal and Compliance:
- Legal Consultation:
- Seek legal advice to understand the regulations and requirements for operating an HR support business in Nigeria.
- Register your business with the appropriate government authorities and obtain any necessary licenses.
- Data Protection Compliance:
- Ensure that your HR processes comply with data protection laws to protect employee privacy.
- Consider obtaining business insurance to protect against potential risks.
- Qualified Staff:
- Hire qualified HR professionals with knowledge of local labor laws and regulations.
- Training and Development:
- Provide ongoing training to your team to keep them updated on HR best practices and changes in regulations.
- Recruitment Tools:
- Use recruitment tools to assist in sourcing, screening, and selecting suitable candidates for clients.
Technology-Centric HR Support Solution:
- Cloud-Based HR Platform:
- Implement a comprehensive cloud-based HR platform that integrates essential functions such as payroll, attendance tracking, and performance management.
- Mobile Accessibility:
- Ensure the HR platform is accessible via mobile devices, considering the prevalence of smartphones in Nigeria. This allows easy access for both clients and employees.
- Digital Onboarding and Training:
- Develop an online onboarding system to streamline the induction process for new hires. Include digital training modules to enhance employee skills and compliance with local regulations.
- AI-Driven Recruitment Tools:
- Integrate artificial intelligence tools for recruitment to efficiently analyze resumes, match candidates with job requirements, and streamline the hiring process.
- Biometric Time and Attendance System:
- Implement a biometric time and attendance system for accurate and secure tracking of employee working hours, enhancing payroll accuracy and compliance with labor laws.
- Data Analytics for Decision-Making:
- Utilize data analytics tools to provide insights into employee performance, turnover rates, and overall HR trends, enabling informed decision-making for clients.
- Online Employee Self-Service Portal:
- Develop a user-friendly employee self-service portal where individuals can access their pay stubs, request time off, and update personal information, reducing administrative workload.
- Digital Document Management:
- Integrate a digital document management system for secure storage, retrieval, and sharing of HR documents, ensuring compliance with data protection laws.
- Cybersecurity Measures:
- Implement robust cybersecurity measures to protect sensitive HR data and ensure the confidentiality of client and employee information.
- Continuous Technological Upgrades:
- Stay abreast of technological advancements and regularly update your systems to provide cutting-edge solutions and maintain a competitive edge in the market.
Starting an HR support business requires a blend of technology, legal compliance, and human resources expertise. Be sure to tailor your services to the specific needs and cultural context of the Nigerian market. Always stay informed about changes in labor laws and market trends.
Competitor Analysis for HR Support Business Plan in Nigeria
People buy from us because of the following reasons:
- Consistent quality service.
- Outstanding customer care service.
- Core Professional and highly qualified staff.
- Fair and best possible prices and discount offers.
Our three major competitive advantages are:
- Consistent quality service.
- Core professional and highly qualified staffs.
- Fair and best possible prices and discount offers
For the remaining part of this business Plan, including the detailed financial analysis, contact any of our business consultant on 08105636015 or 08076359735 or send me an email at firstname.lastname@example.org.
We help institutions and organizations to write concepts and implement Business Plan and also train on business Plan writing in Nigeria.
We can help you write a detailed, strong and winning business Plan for any use.
contact any of our business consultant on: 08105636015, 08076359735
or Send me an email at: email@example.com.
Click here to access my free E-book and newsletter on Grants opportunities in Nigeria and other business opportunities and information to help you discover, develop and fulfil your business potential