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Employment Laws in Nigeria

Global People Strategist

6. Employee Compensation Act. Nigerian employers are required to make a minimum monthly contribution of 1% of the total monthly payroll into the Employee Compensation Fund. 7. The Nigerian Factories Act, 2004.

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Comment Period Begins for OT Rule

HRExecutive

As you may recall, the rule was blocked last November by a Texas federal judge before it would have expanded overtime protections to over 4 million workers, by more than doubling the annual salary level at which workers must be compensated for overtime pay, from $23,660 to $47,476. Should the Department keep that? Is 10% the right amount?

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Ask the Expert: Do Owners Count as Employees for FMLA?

HR Daily Advisor

We have 3 owners who are not in payroll (K-1) and 48 employees in payroll (W-2). Based on this definition, since your owners are not “on” the payroll, there is an argument to be made that they should not be counted as employees for the purposes of the FMLA. Do owners count as employees for FMLA? See 29 C.F.R. Wells 538 U.S.

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How to prepare for proposed overtime rules

Sage HRMS

The new regulation could have a great affect on human resource planning and payroll management if it becomes law. The current baseline, set in 2004, is $455 per week or $23,660 per year for employees who work over 40 hours a week. Human resources will need to process more paperwork.

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How the New Overtime Hours Will Change Employee Pay

HRIS Payroll Software

The new rules will replace the legislation that has been in effect since 2004 and will potentially affect about 4.2 The post How the New Overtime Hours Will Change Employee Pay appeared first on HR Payroll Systems. New rules about salary thresholds and overtime pay will go into effect on December 1, 2016. million workers.

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11 remarkable overtime rule tips from DOL insider

HR Morning

McCutchen was the main architect behind the 2004 changes to the FLSA’s overtime exemption rules. She said she’s hearing the number “$134,000” tossed around a lot, and she warned that setting someone’s salary at $134K won’t make them a highly compensated employee under the rule.

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Cost of Stress on the U.S. Economy Is $300 Billion? Says Who?

Workplace Psychology

Citations to Dr. Goldin’s 2004 article will now to point to a PDF of the article [hosted on my own website] rather than to an invalid URL on the stats.org website. In addition, there would be a 5 percent need for overstaffing to compensate for associated problems. The quandary of job stress compensation. 2001) Newsletter.