Global People Strategist
DECEMBER 7, 2022
3. The Pension Reform Act, 2014. Regarding retirement savings, Nigerian employees and employers have a legal obligation: make sure 7.5% of monthly wages go towards pension plans. Even though the contribution percentage is set by law, changes can be made with approval from the National Pension Commission.
Workers' Compensation Perspectives
SEPTEMBER 30, 2019
.); "total amount paid to employees over a period," hence, via records-keeping, "list of employees receiving pay." [ See [link] ] Today, the word “payroll” more often than not refers to the department or system that manage employer costs for a range of employee compensation components.
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Qandle
APRIL 7, 2022
Ensure you have enough time to evaluate employee tax paperwork, hours worked, and other payroll-related information ahead of time. Before each payday, business owners might spend up to five hours calculating employee compensation and taxes. If they pay their staff on a weekly or bimonthly basis, it’ll be much better.
Vantage Circle
AUGUST 4, 2021
Just like how employee compensation is a topic that concerns all employees, it’s a vital aspect of the HR function as well. When it comes to compensating employees, what you offer and how you structure your pay plans are key factors in attracting and retaining talent. Employee compensation isn't about the money.
Workers' Compensation Perspectives
OCTOBER 29, 2019
Canadian jurisdictions using Net earnings as the basis for calculating compensation use Gross earnings less Federal Tax, Provincial Tax, Canada (or Quebec) Pension Plan contributions, and Employment Insurance premiums. The Commission, chaired by John F. Burton, Jr., Burton, Jr.,
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