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The company analyzes pay parity, the comparative salaries for men versus women. In early 2017, PwC found in its Women in Work Index study that it could take the UK 24 years, until 2041, to close its gender pay gap. [64] PwC publishes the Low Carbon Economy Index, which tracks the extent to which the G20 countries are reducing carbon emissions.
Development of average annual wages 2000–2023 (USD PPP) [2] Country 2000 2010 2020 2023 Luxembourg * 67,932 75,124 78,977 85,526 Iceland * 61,066 58,131 75,022 ...
Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors.
Compensation: Design and manage compensation programs related to basic salary, bonuses, and stock plans. Evaluation of positions and building of salary structures, bonus plans and stock plans for clients are common. [5] Specialisations are often based on employee types (e.g. Executive compensation consultants and sales compensation consultants.
Under Nigerian Law, employees who make over ₦3,000 must also contribute 2.5% of their paycheck to the National Housing Fund, which is controlled by the Federal Mortgage Bank of Nigeria. Any company who fails to deduct 2.5% from a pay cheque of an employer could face a fine of ₦50,000.
The heads of the executive departments and most other senior federal officers at cabinet or sub-cabinet level receive their salary under a fixed pay plan as reviewed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). [4] The annual basic salary of a substantive minister is ₦2,026,400 (₦168,866:66 per month). [5]
The base year for calculation (including information on the market structure) was updated from 1990 to 2010. [3] [2] This was a fairly huge increment in base year; for comparison, the 2010 Ghana GDP rebasing updated the base year from 1993 to 2006, [6] [7] and the 2015 India GDP rebasing updated the base year from 2004/05 to 2011/12.
Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence. [2] [3] Nigerian politicians find themselves in a strong position of power and wealth due to their connections with the oil and gas industries in Nigeria.