Employer Of Record In Togo
Togo's economy has been resilient and powerful. In 2021, despite the pandemic, it achieved its GDP target and expected around US$5.4 billion in 2022.
Employer Of Record In Togo
Employer of Record in Nigeria
EOR NIGERIA
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record in Nigeria solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
213.2 MILLION
total population in 2021445 BILLION USD
expected GDP in 2023Nigeria has the potential to become one of the world’s most powerful economies. It boasts the largest population in Africa, with more than 65% of the people under the age of 25. Nigeria’s administration is based on a democratic presidential system, and despite recent socio-political unrest, the future appears to hold more potential. The country is heavily reliant on oil and gas revenues. Nigeria makes an effort to diversify the economy, with consumer goods and retail, real estate, agriculture, and infrastructure all exhibiting significant developments. Its GDP is projected to trend around 445 USD Billion in 2022.
PUBLIC HOLIDAYS: 12
- New Year’s Day – January 1
- Good Friday – varies
- Easter Monday – varies
- Labour Day – May 1
- Children’s Day – May 27
- Id el Fitri – varies
- Democracy Day – June 12
- Id el Kabir – varies
- National Day – October 1
- Id el Maulud – varies
- Christmas Day – December 25
- Boxing Day – December 26
SOCIAL SECURITY AND TAXATION
Pension contributions
- Employer Contribution: 10% (required to give life insurance coverage for employees)
- Employee Contribution: 8%
- Employee Contribution: 2.5%
MINIMUM WAGE
30000 NGN per month
WORK HOURS
40 hours per week
OVERTIME RATE
150% of normal wage
PROBATIONARY PERIOD
3 to 6 months
ANNUAL LEAVE CREDITS
6 days
MATERNITY LEAVE
4 months
PATERNITY LEAVE
4 months
SICK LEAVE
12 days
BONUSES
There are no statutory requirements for 13th-month salary payments. However, bonuses are common at the discretion of the employer.
*Info is not binding, may vary, and is provided only as an indication.
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Ask our team to design a solution that works directly with your current setup.