₦airaland Forum

Which business did you regret starting because it ended up in HUGE lose

Wenonawde:
I got an interview invitation on Wednesday March 29 for the post of a Maintenance Engineer by someone. Anyone with idea the company call Drury Industries ltd Plot 9 & 18, Opic Industrial Estate, Agbara, Ogun state?

because I've never been to Agbara and I'm a little nervous about the job!

MMempire:
OP, I found it very very very very very resourceful. Thanks!

ucheuzor1:
I work with a foreign company and I don't pay a damn tax to Nigerian nonsense government.

sulaak:
I recall working at the Nigeria Secretariat, Ikoyi as an intern in the mid-1980s; we usually left our house at Alaka Surulere between 5:30-6:00 AM daily to beat the traffic. I was doing extramural A-Levels at that time and would have to leave my place of work at 4:00 PM to get to my evening class at 6:30 PM three times a week over a period of two years.

It was terrible in the 1980s and yet 10 times worst today, the overpopulation is the reason why Lagos is struggling to cope.

Despite Lagos losing its FCT role to Abuja, the population has tripled from 5-7 million in the 80s to 20 million today, it is not sustainable, and Nigerians must accept that the internal legal migration must be controlled. Infrastructure Development (Port, Rail and Road ) in the SS and SE must be priorities as well as dry ports in North Central and Northern Nigeria.

jimcaddy:
Many NIgerian companies don't follow the rules. Many remit taxes, which I'm not even sure is accurate most of the time, and they still don't even issue their staff their Tax IDs, which is very important when processing some applications. Our labour laws are so weak in Nigeria. Everything is weak in this country..

Quiet Promotion

Organization 1
Tobe: Soliloquizing, “My company moved into a new product line and despite being moved to head this division in addition to my present role, I wasn’t even given any additional perks or benefits to motivate me. I didn’t have the needed experience but I had to quickly brace up to meet expectations”. No formal letter of redeployment, promotion or additional work scope.

Organization 2
Yemi: “This isn’t fair at all, I can’t take this anymore. Why is the MD so hard and seems not to understand my pain. How can they saddle me with both audit and admin roles without any salary increase or change in job title letter after 1 year? “

Organization 3
Toju: “ Bimpe and Denis were asked to handover to me when they resigned to go for schooling in UK. No salary increase! no bonus! no nothing! no promotion after 12 months. I can’t continue. I can’t be doing 3 people’s role”.

Are you familiar with this scenarios?

it is called Quiet Promotion. It is when an employee’s job responsibilities or scope is increased without any formal promotion or notification taking place.

The employee is saddled with so much, beyond their capabilities sometimes, that they need to quickly learn the ropes and often go through stress and burn-out.

It is usually as a result of redundancy, tight economic condition, resignation without immediate replacement and diversification into another or additional product/service lines.

Due to economic tightening, most organizations are not in a hurry to quickly replace exiting employees thus this scenario is becoming more prevalent. Are you unfortunately caught in this web? You are not alone.

Dear Employers,

Quiet promotion if improperly communicated and managed effectively with job responsibilities and expectations aligning, it may result in the following:

👉🏽Bitterness
👉🏽Disengaged workforce
👉🏽High turnover
👉🏽Low productivity
👉🏽Mental stress and burn-out
👉🏽Absenteeism

Therefore, please ensure that this comes with the following:

👉🏽Short term arrangement otherwise formalise the role with more pay.
👉🏽Pay raise
👉🏽Promotion
👉🏽Fair compensation

To the employees, it is period of growth and upskilling. Have a one-on-one discussion with your immediate supervisor and document this in a formal letter.

It would be a disservice if this continues for more than 3-6 months. Let’s do the right thing and give right value.

Please feel free to share your #experience so others can learn from you. What is your take?

ForG:
That's where I learnt where to find my preferred choice of women.

Many good heads there.

ForG:
The reason I left home in the first place to explore life a little, then factory reset to home training.

If I needed to be policed about, I return home.

For goodness sake, had my first sex this month. And it was with a potential life partner not prostitute.

Chidinmat02:
Hello good people of nairaland,my name is Emeka Chidinma, I'm married with kids.Please o you guys should help me or recommend me to any good organization or job..I can relocate if need be, location is Kaduna,I'm currently teaching with a private school now buh the pay is quite low.Help me please I beg in God's name.
Qualification:BscEd
Email: chidinmat02@gmail.com

happney65:
It was the Gideon orkah coup of 1990 that made Babaginda rush to Abuja as Lagos was already overcrowded and less safe..

Mayorofodemu:
Exactly, been on the road since 4.21pm and reach home like 10.45pm, I was tired and even vomited while on the road.

Truth be told, exactly as you viewed it. You can’t be so exhausted when getting home and still expecting to perform your duties, is not possible. This is how many home marriages failed, cos of one them can’t keep up. Money is important to keep up your family, you have to work no matter what, and if you can’t another issues would set in.

ForG:
I moved into this apartment about two weeks ago. Mini flat, only myself, excellent neighbourhood; I'm constantly indoors and not social.

But the landlady has been a pest so far.

The property has three tenants, but only one has been there for over a year.
The renter I replaced still works for her today, but quit the house only after a year.

The longest-tenured tenant (five years, married man with kids) warned me about her before I moved in. That she meddled in the affairs of her tenants. He is also desperate to leave the house this year.

Under the pretext of protection, she herself told me that she routinely informs her tenants' families of every move they make.

Today, the camel's back broke.

A female acquaintance of mine recently stayed with me for some days.
The landlady took offence and informed me that she does not want any female visitors except a known girlfriend.

Before relocating, she had also said that she did not want much male visitors in order to avoid disruptive behaviour. Made sense to me security-wise.
Wasn't a problem since I don't have male friends.

The next day, I saw her and informed her that an animal was running in the roof, as well as other anomalies I had noticed in the apartment.
She said that it seemed I was dissatisfied with the home and that she would provide a full refund without delay.

I made certain to inquire whether the prohibition on female visitors was on security grounds, but she said that the residence was a Christian home where everyone must be family, notwithstanding the fact that the tenant before me was a muslim.

Today, my agent came on my door and informed me that the landlady had complained to him. We subsequently met with the landlady, who once again threatened a complete refund.
She continued by saying that I am too young to have female companions because they would destroy my life.

I'm 23.

This evening I took the decision to collect the refund, cut my losses on the agreement and commission, and look for a new flat in the vicinity.

I had only heard rumours, but I had no idea such toxic home owners exist. The husband of over 33 years is pretty laid-back and even made a joke about my bringing a female acquaintance around to my guarantor.

The wife on the other hand is hell's fury.

Mayorofodemu:
That’s true. And to tell you the Lagos Tinubu built. I Laughed. I remembered back then on my wedding day, I spent almost 6hours inside traffic, imagined going back home from Ikoyi to ogombo, Lekki peninsula scheme 11. I almost faint, baba can’t make love to his wife, I just jejely do one round. And slept.

I don’t know what my tribe Yoruba’s are turning to nowadays, are we not a most accommodating tribe in Nigeria again?

manny4u:
How many percent is income tax deduction in Nigeria?

brain54:
I once employed an employee…


With similar character. The dude ended up interviewing us the interviewers (I and my manager)

He got the job ( manager convinced me to employ him. I didn’t want wahala ) and we needed someone urgently at the time.

But funny thing is dude went on to be one of the best staffs we ever had.

Great guy Ralph… even though his over sabi might have cost him getting the job initially!

lilachiever:
And what is this supposed to mean?

Not on my thread please, it's better the person overlook the opportunity than have this kind of mindset.

concacid:
Weldone Rubyjade.

Ayemileto:
I will like to ask, can you help share resources on how to calculate TAX on a PAYE model?

Mustaphaarome:
My former company has not paid my pension contributions couple with their own contributions too for the past 7 years I worked with them 3 months after leaving them now

Any advice please

occfx:
To work company work again no dey hungry me but if I still see better work I go work

Why was I paid lower than my expectation?

📌I once had a salary conversation with someone who recently just got a new job.
He expected a particular amount of money in his account by month end, but he then got something different (an amount lower than his expectation)

📌What really could have happened? This wasn’t what I negotiated. If the company is not low on cash then this can be traced to a communication gap in Gross/Net Salary negotiation.

📌Make sure you KNOW the difference between your gross salary and your net salary. This is key!!!

📌Gross Salary: is the total amount of income you receive from all sources each month.

📌From all sources includes salary, bonuses, overtime, investment income, interests, Social Security and any other income sources.

📌Meanwhile, we can also refer to gross salary as “pay before deductions” This is what you earn BEFORE your taxes are being deducted from it.

📌Net Salary is your ‘take home’ AFTER all reliefs and statutory deductions has been taken care of.

📌Reliefs are meant to reduce the tax burden of a tax payer such as Consolidated Relief Allowance (CRF) which is calculated as thus:

N200,000.00 or 1% of your gross income whichever is higher, plus 20% of your gross income.

📌Statutory Deductions which are your;

1. Pension (8% from the employee and 10% from the employer)

2. National Housing Fund (NHF) (2.5% of your Basic Salary)

3. Pay As You Earn (PAYE) requires a little calculation to be done on your taxable income.

Note

📌Once Pay As You Earn (PAYE) is being deducted from your salary, then you should have a Tax Payer ID.

📌Same with your Pension.

I believe you found this resourceful.