Statutory Contributions
Each Nigerian staff is individually responsible for paying statutory contributions required by Government and federal agencies. However, as required by the laws, AfriLabs as an employer will act as an “agent” of the Nigerian Government (where allowed) by deducting those contributions from the employee’s compensation and remitting them to the appropriate agencies. Contributions to be deducted from the employee’s salary are:
• Income tax (PAYE)
• Withholding tax
• Pension Contribution (employee)
• Any other legal tax or contribution
NB: For consultants, withholding tax is deducted from gross remuneration in accordance with applicable tax regulations.
Salary Deductions
Salary deductions will be made for the following reasons:
• If an advance has been outstanding for reasons of travel, staff loan or to purchase goods and has not been liquidated within one month.
Staff will be informed in writing about any outstanding advance and put on alert that deductions will be effected from their salaries should they fail to redeem the advance. However, if there are mitigating circumstances for why the advance cannot be cleared, they should be made known to the supervisor, People Management, and Finance at the earliest possible time, i.e. no later than the twenty-first of the month.
Promotions
Promotions may be awarded based on performance and qualifications as documented in performance appraisals policy, the recommendations made by the responsible managers, and the employee’s resume. Promotions can be within the job level or higher. The Executive Director or delegate is responsible for authorising all promotions.
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