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Nairaland Forum / Nairaland / General / Career / What Does Consolidated Salary Actually Mean (29537 Views)
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Re: What Does Consolidated Salary Actually Mean by BABANGBALI: 1:28pm On Mar 05, 2019 |
Consolidated salary as the name implies is a small salary paid to you but cannot do or change anything in your life, it is only meant to console you, that is why it is called consolidated salary |
Re: What Does Consolidated Salary Actually Mean by Lorechino(m): 1:30pm On Mar 05, 2019 |
Consolidated pay or salary a person is offered is
the amount a person gets for the work done, on
monthly/weekly/ basis. It consists of all the
entitlements joined together, without specifically
stating any breakups. It can be stated as
consolidated gross and any statutory deductions
will be on the consolidated amount. |
Re: What Does Consolidated Salary Actually Mean by Lorechino(m): 1:30pm On Mar 05, 2019 |
Consolidated pay or salary a person is offered is
the amount a person gets for the work done, on
monthly/weekly/ basis. It consists of all the
entitlements joined together, without specifically
stating any breakups. It can be stated as
consolidated gross and any statutory deductions
will be on the consolidated amount. |
Re: What Does Consolidated Salary Actually Mean by asawanathegreat(m): 1:50pm On Mar 05, 2019 |
Very well is True but no allowances added |
Re: What Does Consolidated Salary Actually Mean by thunderbabs: 2:06pm On Mar 05, 2019 |
Timekeeper: Always easy to spot that person that attended lesson... If you know, you know |
Re: What Does Consolidated Salary Actually Mean by DAMMYORES: 2:37pm On Mar 05, 2019 |
Explain pls, I am teachable |
Re: What Does Consolidated Salary Actually Mean by mechanics(m): 2:38pm On Mar 05, 2019 |
is not true, that was the former pension scheme, the new scheme is once your money finish, pension stop. |
Re: What Does Consolidated Salary Actually Mean by femi4: 2:56pm On Mar 05, 2019 |
tizzdi:All allowances inclusive No leave allowance No transport allowance No housing allowance etc |
Re: What Does Consolidated Salary Actually Mean by femi4: 2:57pm On Mar 05, 2019 |
DAMMYORES:lol ....you are wrong 1 Like |
Re: What Does Consolidated Salary Actually Mean by femi4: 2:59pm On Mar 05, 2019 |
Oblongata:Best answer....which beer you dey drink |
Re: What Does Consolidated Salary Actually Mean by Eaglefine(f): 3:20pm On Mar 05, 2019 |
Oblongata: Good one. Gbagam for you! |
Re: What Does Consolidated Salary Actually Mean by vexing(m): 3:32pm On Mar 05, 2019 |
When your salary is consolidated it means that your pay is inclusive of your basic salary and all your allowances. You will no longer be entitled to separate allowances like leave, transport, medical, utility, lunch, housing, furniture, education, hazard, productivity, clothing etc. The major disadvantage of consolidated salary is that your salary is all what you earn and in some case it may look big because all your allowances have been imputed but if it were to be separated you will discover that your basic may be actually small. 1 Like |
Re: What Does Consolidated Salary Actually Mean by ireke(m): 7:02pm On Mar 05, 2019 |
I think I'm confused with that term too even though I received consolidated salary for a little over 20 years. The only thing I never got was overtime. I had vacation allowance, annual rent support, car loan, 13th month, Christmas bonus, out of station allowance (if I spend the night outside my base), per diem if I travel outside the country. 2 Likes |
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