Remove Employee Compensation Remove Government Remove Pension Remove Taxes
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Employment Laws in Nigeria

Global People Strategist

In Nigeria, the Labour Law serves as a critical source of guidance in governing employment relationships. This Act defines employees as anyone hired to complete any task – physical labor or administrative work – under an agreement with their employer. 3. The Pension Reform Act, 2014.

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1099 vs W-2: The difference between employees and contractors

Business Management Daily

It is the end of the year, and that means that tax season is approaching. While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. A W-2 is a tax form that businesses send to their employees as well as the government.

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Employee Focused Retirement Plans

HR Professionals Magazine

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

HR professionals must now navigate a labyrinth of laws and regulations that govern everything from labor standards to digital workspaces. New requirements for health and retirement benefits Health and retirement benefits are an integral part of employee compensation, and they are subject to their own sets of laws and regulations.

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

.); "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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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). SARs do not have the same tax benefits as other ESOPs.

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Successful mergers and acquisitions: How a PEO can help

Insperity

When you enter into a co-employment relationship , a PEO takes on many of your employer-related responsibilities such as payroll, benefits, tax remittance and related government filings. How is an employee onboarded? And decent, yet affordable, medical and retirement benefits can be out of reach.