The Chartered Institute of Personnel Management says it is well positioned to meet work place demands of millennials, who leverage technology, in preparedness for the work of the future.
The CIPM stated this at its 49th Annual General Meeting in Lagos, saying it was continuously positioned to deliver modified learning programmes to equip members to confront current and emerging business challenges.
The President and Chairman of Council, CIPM, Udom Inoyo, said he believed that the institute was a brand that should be embraced by all, “especially millennials who are the future of the workforce in any given economy.”
According to him, the CIPM has been admitted as a member of the National Employment Council charged with the responsibility to holistically addressing the unemployment crisis in the nation.
“As a member of this council, the CIPM now has an opportunity to contribute to matters of national discourse and the implementation of policies on employment generation and skills development in the nation as stipulated under the revised National Employment Policy,” Inoyo said.
He stated that the institute needed to create a national outlook in order to avoid the emerging trend of proliferation of human resource bodies largely driven by the perception of exclusion.
“We needed an institute that embraces technology and caters for the needs of the millennials, who are taking keen interest in the people space. To ensure a proper change management process as we worked to deliver on these dimensions, we enhanced our communication to all stakeholders,” Inoyo added.
The Registrar and Chief Executive Officer, CIPM, Ajibola Ponnle, said, “We have continued to upgrade our facilities and revamp our products and services to make the CIPM attractive and meet the yearnings of our members.
“This is in addition to driving inclusion within the general public, leveraging technology and strategic partnerships.”
She added that the CIPM, as a testament to its readiness on leveraging technology to deliver custom-made learning programmes, introduced a quarterly HR Webinar to help practitioners in developing leaders for the future.
Financials of the institute showed a 9.25 per cent growth in its operating revenue for 2016, with an increase of N45.5m, even though Nigeria recorded a growth trajectory of 0.05 per cent after exiting its worst hit recession in two decades.
However, total revenue decreased by 14.4 per cent in 2017, from N634m in 2016 to N555m, due to reduction in the fair value gain of its investment property.
A value of N142m, being the open market pricing revaluation of land for the secretariat, was included in the 2016 financials, which also led to a 44 per cent decrease in the surplus of income over expenditure from N125m in 2016 to N68.7m in the year under review.
The institute said it had continued to maintain the total assets base worth over N1bn, as the total assets stood at N1.266bn in 2017, representing 6.8 per cent growth compared to N1.1bn in 2016.
“These growths are the results of the increase in cash assets, net surplus for the year and a reduction in accounts payable,” it added.
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