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There is a right way to terminate Employment. But Most organizations choose the wrong way. |
There is a right way to terminate Employment But Most organizations choose the wrong way. Termination is an action we cannot avoid in the course of employment, at some point in the life cycle of an organization some employees will be let go either due to good or bad reasons. Employers most times will choose to terminate an employee's employment without due diligence until they land in trouble. We have seen and heard of several wrong terminations that cost the organization a lot of resources due to litigations. This is where HR professionals need to advise their employers rightly to avoid any Labour issues, that you want an employee out of your organization immediately or you don't want to see them because you are in a bad mood, or the organization is letting go for good reason is not enough reason to terminate without following the Nigerian Labour Law Guidance. Simple Terminations Guideline: 📍Before termination, inform affect affected persons more than once via verbal and written communication especially if there is an underperformance or behavioral issue, and document all verbal conversations. 📍Put measures to curb issues, do an appraisal where necessary, and create a performance-induced plan to assist the employees. Consider alternatives such as training, coaching, or transfer to another department. 📍When a decision is made to finally terminate the employment, have a one-on-one session with the affected persons to let them know why the organization is letting them go after such a meeting document it and send it to the employee. 📍Arrange for all the necessary benefits that the employee is entitled to before you terminate, benefits like payment in lieu, severance pay, or any others. 📍Inform the employee of the necessary arrangement of their benefits so they understand what they are entitled to and it is agreed upon before leaving. This gives the terminated individual some form of support before searching for another job. 📍Amiably give a termination letter and pay benefits immediately, HR should ensure this. 📍In cases of termination due to gross misconduct- (theft, sexual harassment, fighting, gross insubordination, etc. Ensure there was an investigation before termination and evidence of such actions before terminating employment. 📍In cases where it affects some members of a department, communicate the departure of the terminated employee appropriately, focusing on maintaining morale and minimizing disruption of workflow. 📍Above all, ensure your policies are in alignment with the labour standards and follow it through. If you terminate wrongly, you will pay for it. Wrongful termination or termination without due diligence has cost a lot to some organizations, do not let yours be the next. |
![]() Lamas2012: |
Dear educators 1. Explore avenues such as online courses, tutoring services, or educational workshops during school breaks. 2. Explore alternative teaching arrangements: Look into part-time, hourly, or contract-based teaching roles to supplement your income. Additionally, consider virtual teaching opportunities internationally that can help you earn in foreign currencies if possible. 3. Cut discretionary spending and invest in financial literacy: Trim any unnecessary spending on entertainment, travel, subscriptions, etc. Adopt a lean budget focused on essentials like food, housing, health, and critical family needs. Learn efficient budgeting, debt management, prudent investment, and setting up emergency funds. Remember, it's a dire time we are in and it calls for strategic moves. Don't forget to reach out if you feel overwhelmed. It’s pretty normal. What other strategies would you suggest at this time? Do drop them in the comments section. Yours, RJ |
![]() People no get work you dey ask which one you wan choose |
abdeiz:Ikorodu is your best bet as regards rent in a Lagos considering the fact you work in Yaba |
We are a high focused group of hiring professionals. We need CVs of Data Analysts for clients recruitment. Send cv to topnotchprotechltd@gmail.com Mccollins042: |
Mccollins042:Would you like to be paid in Naira or Dollars? |
Love ALL, trust NONE. |
Hiring: Administrative Associate (Remote) at Devien Consult Limited Salary: N100,000 - N125,000 Location: Yaba, Lagos (Remote) Employment Type: Full-time Candidates should possess Bachelor's Degrees in Business Administration, Management, or a related field with 3 - 5 years relevant work experience. Apply docs.google.com/forms/d/e/1FAI… |
What Is Moloch DAO? Moloch DAO can refer to the DAO framework, a description of a DAO that uses the framework, or the name of the Ethereum grant-giving DAO that originally created the framework. Moloch DAO Framework In contrast to other early DAO frameworks, the Moloch DAO architecture is relatively simple, comprising a single smart contract per DAO, focusing on security, usability, and extensibility. Its primary features are: -> Permissioned membership - new members are voted in by existing members -> Weighted voting - members can have varying governance weights (in contrast to multisigs, where every member has a single vote) Non-transferrable governance power - voting and economic rights are not liquid -> Ragequit - members can exit some or all of their membership shares in return for a proportional amount of the assets in the DAO’s treasury Moloch DAOs take actions in the form of proposals. Once submitted, a proposal must be sponsored by a member of the DAO. Once sponsored, the voting period begins, during which members vote on the proposal according to their shares. A proposal is passed if it receives more share votes in favor than in opposition; there is no quorum requirement. If the proposal passes, it must go through a grace period before it can be executed. During this period, members who did not vote in favor of the proposal may Ragequit. This offers strong protection for minority members even without a quorum requirement. Proposals can grant shares to new members (or additional shares to existing members), transfer assets from the DAO treasury to recipients. While proposals cannot interact directly with other smart contracts, Moloch DAOs can do so with the help of special helper smart contracts called Moloch Minions. -> Stemming from these core features, Moloch DAOs have a number of important properties: -> Strong minority member protection -> Security -> Highly decentralized and distributed power -> Support for efficient coordination |
What Is Minting? In the realm of cryptocurrency, minting represents a decentralized process allowing individuals to generate new tokens without the intervention of centralized authorities like governments or banks. This process can yield either non-fungible tokens or crypto coins. Two Methods of Minting Cryptocurrency minting can occur through two distinct methods, differing mainly in their procedures while achieving the common goal of creating new coins. One method involves mining, known as the proof-of-work approach, while the other entails staking, known as the proof-of-stake mechanism. Proof-of-Work: Mining Proof-of-work entails the mining of coins, which involves validating and storing transactions on a blockchain, a digital public ledger. Miners employ high-powered processors to solve complex mathematical problems, earning cryptocurrency as rewards for their efforts. Proof-of-Stake: Staking Proof-of-stake, generally regarded as a more favorable minting method, relies on staking existing cryptocurrency holdings. Users stake a significant amount of cryptocurrency to validate transactions and are chosen randomly to perform this task. The higher the stake, the greater the likelihood of selection. Stakeholders cannot access the staked amount during the process and risk losing it if they violate rules or provide inaccurate data. Despite the associated risks, stakeholders are motivated by the potential for profit. Comparison: Mining vs. Staking Both proof-of-work and proof-of-stake methods result in the creation of new coins, although the term "minting" is commonly associated with staking to differentiate between the two methods. Both minting and mining involve adding new blocks to an existing blockchain. Minting Non-Fungible Tokens While mining and staking are used for minting cryptocurrency, minting non-fungible tokens (NFTs) follows a distinct process. NFTs are added to the Ethereum blockchain and serve as digital assets for creators to sell their media files or digital artworks. To mint an NFT, users require an Ethereum cryptocurrency wallet, which they link to an NFT marketplace like OpenSea. They upload their desired file, pay the creation fee in ETH, and upon verification, a new NFT is minted. Minting encompasses various methods for creating different types of tokens, with the prevalent usage referring to the creation of new cryptocurrency coins through the proof-of-stake mechanism. |
SanctifiedSista:Kindly confirm if it full time or hybrid so we don't both waste each other's time. |
Virtual personal assistant needed! Minimum 30hrs/week, must be good with excel and PowerPoint. Working hours are flexible. Previous experience working as an assistant would be great, however, not essential. Pay is 300k/month. Send your cv- chelseaumeh002@gmail.com |
Hiring: Female Content Creator Work Mode: Remote Budget: N150,000 Location: Ikeja, Lagos If you are qualified and interested in the role, Kindly send your CV and Portfolio link to bgatecareeers@gmail.com |
lynx200:Please share the WhatsApp link here |
Dear Professionals, Please, I am in need of corp member who needs a PPA. PPA Location: Island (Ajah Axis) Lagos. Qualification: A graduate of accounting. Gender: Male (Preferable) Candidates can send in their request to recruitmentandyou@gmail.com I would appreciate referral as soon as possible if you have any. |
Role: Content Creator Location: Ikoyi, (Hybrid) Requirements: * Proven experience as a content creator * Proficiency in video shooting and editing * Good knowledge of social media platforms * Creative mindset * Excellent communication skills * Must be Tech savvy Qualified candidates should send CV to hr@theoakholdings.ng using "Content Creator" as subject of mail. |
toujurs:Congratulations |
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Are you done with your studies in Unilag? toujurs: |
Golden057:Be careful and read about surrogacy |
![]() Autobot05: |
#APY vs #APR: What’s the Difference? #APY, or annual percentage yield, incorporates interest compounded quarterly, monthly, weekly, or daily, while APR, or annual percentage rate, doesn’t. This simple distinction can make a significant difference to the calculations for returns over a period of time. It is therefore important to understand how these two metrics are calculated and what it means for the returns that you can earn on your digital funds. #APR #APR stands for annual percentage rate. This is the simpler of the two terms. In simple terms, the Annual percentage rate is the interest a lender is bound to earn on their money. Also, the borrower pays for the interest over one year. #APY #APY stands for Annual Percentage Yield. Unlike in the #APR model, where you get a fixed amount after every year, which is decided upon by the initial principal amount itself, in the annual percentage yield, you will receive some interest every month. |
If you're a young lady between the ages of 20 and 27, you could sell your eggs for cool cash. You'd also be helping put a smile on the faces of couples that cannot conceive naturally. The economy is harsh. You could make up to 120k For surrogates, single mothers are preferred. Surrogates earn between 1-2m depending on fertility clinic and prospective parents. |
“If you’re looking to marry, stay away from men without any job or handwork” |
![]() Exceed15: |
If you're a young lady between the ages of 20 and 27, you could sell your eggs for cool cash. You'd also be helping put a smile on the faces of couples that cannot conceive naturally. The economy is harsh. You could make up to 120k For surrogates, single mothers are preferred. Surrogates earn between 1-2m depending on fertility clinic and prospective parents. |
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![]() Ubdavis: |
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