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Industry Landscape
The HR solutions industry is currently experiencing significant growth, driven by the increasing need for organizations to attract, develop, and retain top talent. Technological advancements, such as AI and machine learning, are transforming HR processes, leading to greater efficiency and effectiveness. The focus is shifting towards employee experience and engagement, with companies investing in solutions that enhance employee well-being and productivity. The rise of remote work has also accelerated the adoption of digital HR tools and platforms.
Total Assets Under Management (AUM)
HR Technology Spending in Nigeria
~45 Million
(9.8% CAGR)
- Increased adoption of cloud-based HR solutions.
- Rising demand for data-driven HR insights.
- Focus on improving employee experience.
Total Addressable Market
5 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI)
AI is automating HR processes, improving recruitment accuracy, and enhancing employee experience through personalized learning and development.
Cloud Computing
Cloud-based HR solutions are providing scalable, accessible, and cost-effective platforms for managing talent, payroll, and HR functions remotely.
HR Analytics
Data analytics are enabling HR departments to gain insights into workforce trends, predict employee turnover, and optimize talent management strategies.
Impactful Policy Frameworks
Nigeria Data Protection Regulation (NDPR) 2019
The NDPR, issued in 2019 by the National Information Technology Development Agency (NITDA), sets guidelines for the processing of personal data to protect individuals' rights.
Compliance with the Act ensures data privacy and security, increasing the need for specialized HR solutions in data protection.
Industrial Training Fund (ITF) Act 1971
The ITF Act of 1971 requires employers to contribute to the Industrial Training Fund, which supports skills development and training for employees in Nigeria.
Organizations are encouraged to invest in training and development programs to enhance employee skills, creating opportunities for Alan & Grant's learning and development services.
Labour Act 1971
The Labour Act of 1971 governs employment standards, including contracts, working hours, and termination, ensuring fair labor practices in Nigeria.
Compliance ensures fair labor practices, influencing recruitment and workforce management strategies provided by Alan & Grant.
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