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I work with a finance firm in Nigeria,and due to the economic recession facing the country and businesses in general, the company is struggling to pay salaries and has a liability of about 15 million naira in pensions. As the HR, management has asked me to seek solution as the company cannot continue this trend. I came up with the option of converting all staff to temporary or contract staff thereby taking away the pension element which is the company's major dilemma presently. My question now is am i taking the right step? if yes, how can i actualize it? if no, what can i do to help my company out of this dilemma. Thank you as i await a quick response.
From Nigeria, Lagos
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