• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Financial Literacy

Is it a smart business move for parents to employ their children?

Chacha Wabara by Chacha Wabara
October 4, 2019
in Financial Literacy
parents to employ their chidren
Share on FacebookShare on TwitterShare on Linkedin

There are so many reasons why parents employ their children. It could be the inability of their kids to snag jobs in the labour market or a ploy to cut costs in their establishments. Whatever the reason, is it really a smart business move for parents to employ their children?

While it may be viewed as nepotism on some levels, employing your kids is not without its benefits. As a business strategy, employing your children could come with several financial benefits, as well as benefits on a personal level. As a business owner or as the head of a company, you could be reaping many valuable benefits from having your child(ren) aboard.

The benefits of employing your child(ren)

Having an inside man

Employing your child gives you the opportunity to penetrate your workforce. You can get better knowledge of your staff through your child who would act as your eyes and ears on the inside. Many would like to pretend that they wouldn’t want their children to spy for them but the truth is that it is rather inevitable.

RelatedStories

Businesses,

Navigating the future challenges and opportunities facing family-owned Nigerian businesses

May 1, 2023

Getting value for your money

Employees will never be as committed to your goals as you are. The only other best bet would be an offspring. This means that while other employees might not bring their ‘a-game’ to the table, your child would be all-in. the commitment of your child could also motivate others to work harder.

[Read Also: Winning practices for a startup CEO]

Impacting strong work ethics and values

Working in close quarters with your child gives you room to properly groom him/her with strong business ethics and values. You’d be able to instill practical principles in him/her and also discipline them accordingly. This will become handy if in a few years plan you choose to leave him/her with the business. Then you’d be certain that they are properly trained to take over.

Early exposure

Employing your child at an early age gives them the exposure they need in the business world. On their own, they will be able to distinguish between ‘wants’ and ‘needs’. They’ll be able to handle important decisions and they’ll understand the need for hard work and effort.

Established career path

The skills and experience your child would garner from working with you could very well set them on a well established career path. They’d also have the opportunity to network in case they choose to venture into another line of business.

All kinds of conflicts could arise from employing your child. The members of your staff might not be welcoming as they might question the qualifications of your child. It might just seem like nepotism. To avoid some of these conflicts:

  • ensure not to give your child any special privileges;
  • they should do the job they are paid for and should face the same consequences as others when they default;
  • be fair in their payments. Don’t underpay them just because you are their parent;
  • Keep track of their accomplishments and have all the necessary documents as other staffs;
  • remember that at work you’re the boss not ‘mom’ or ‘dad’; and
  • don’t bend any rules to suit them.

[Read Also: How to keep your small scale business running]

There might be other areas we didn’t cover but these should be sufficient o guide you in the right direction when it comes to employing your child.


Follow us for Breaking News and Market Intelligence.
Tags: family businessparents
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

Related Posts

Businesses,
Exclusives

Navigating the future challenges and opportunities facing family-owned Nigerian businesses

May 1, 2023
Next Post
Facebook’s employees protest over Mark Zuckerberg’s stance on President Trump’s post ,Facebook's cryptocurrency, Tech Hub, Here is why Facebook is under probe again, Facebook Accelerator Nigeria Opens with Season Two Bootcamp, Nigerian, Ghanian startups to participate in Facebook Accelerator Programme , Facebook acquires tech startup , Facebook deletes multiple accounts in Nigeria, others , COVID 19: Facebook provides free Ads to help WHO combat Misinformation

Facebook deletes multiple accounts in Nigeria, others 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Tinubu tops online with 4.5 million followers, but most Ministers lack visibility – Report 
  • How Nigerian billionaires fared under Buhari’s 8-year rule 
  • Fresh Thinking, Fresh Spaces: Godrej reimagines Air Care with AER Power Pocket 

Follow us on social media:

Recent News

Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 

Tinubu tops online with 4.5 million followers, but most Ministers lack visibility – Report 

July 17, 2025
Buhari’s administration created 10 new passport offices-NIS

How Nigerian billionaires fared under Buhari’s 8-year rule 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics