Payroll Management For Beginners [UPDATED] | FREE Payroll Template Download | Nigeria

[@segunakiode]

📌Remember to drop your comment and to subscribe to my channel for more videos. 😀

[@patriciaigbinoba9715]

Thank you Segun for this piece and most especially the template. I have been looking forward to it

[@patriciaigbinoba9715]

Please I will like you to talk more on policy and procedure formulation. Give us practical steps on how to build it from scratch

[@segunakiode]

I did a video on HR Policies and Procedures. You can watch it here - kzbin.info/www/bejne/kITMaX6ciZVmi9U

[@segunakiode]

@@patriciaigbinoba9715 I am glad it was valuable.

[@patriciaigbinoba9715]

@@segunakiode Thanks

[@preciousadeusi9199]

Thank you for your videos and teachings, sir. I had just started my journey into HR and I must say your videos have been very helpful to me.

[@segunakiode]

You are very welcome! I am glad my videos are valuable to you. All the best in your HR career!

[@jemilanurudeen5258]

I'm into finance since my company is still an SME I have to do this myself. The videos have been helpful. thanks

[@segunakiode]

Glad it was helpful!

[@oladavids9873]

The video is really helpful. I wish you were still around sir, it would have been a blast learning first hand from you. But with these videos, I'm sure I'll be able to do more.

[@segunakiode]

Thank you for your kind words!

[@olaadeiye365]

Very educative. Simple to understand

[@segunakiode]

Thanks!

[@akwusimeonbright9649]

Thank you so much for this detailed piece. Sir please how then do I calculate it for multiple numbers of employees on this sheets with their names and every breakdown?

[@francisabraham9358]

I'm also interested in this.

[@segunakiode]

You will have to customize the FREE Payroll Template for multiple employees.

[@akwusimeonbright9649]

@@segunakiode Alright Thank you sir

[@ruthfrancis3338]

@@segunakiode PLS I NEED THE ONE FOR MULTIPLE EMPLYEES

[@nnesolo9832]

Your teachings have really been helpful. Please can you drop the template. Thank you sir

[@segunakiode]

I'm glad you found the video helpful. The download link for the template is in the video description.

[@mjcc5309]

Please I have 2 question. 1. What are all the statutory deductions? Is it just NHF and Pension? What about GLI? 2. Is a contract staff subjected to this processes ? 3. What is withholding tax ? Thanks

[@segunakiode]

I did another video which will answer your question on Statutory Deductions. Watch it here - kzbin.info/www/bejne/hHrEc593qM2tns0

[@mjcc5309]

Thank you for this video.

[@segunakiode]

My pleasure!

[@nwokochinyerecece]

watching your video was very helpful especially in the calculation of tax. However, i would like to ask if you a video for annual leave calculation in the payroll system

[@segunakiode]

Great suggestion! I will add that to my video content calendar.

[@kingsleyekeh93]

Thank you so much for the education👌

[@segunakiode]

It's my pleasure

[@najeemadebayo-7907]

Very good

[@segunakiode]

Thanks!

[@daisyiloba564]

God bless you.

[@segunakiode]

Thanks!

[@yejideasocham9185]

Hello, the payroll template in the description different from the one in the video.

[@segunakiode]

Kindly check again, as there are two different payroll template in the email confirmation sent once you indicate interest to download the payroll template.

[@ijenwaonweani598]

Thank you so very much sir....

[@segunakiode]

So nice of you!

[@ojobolaji6335]

Please Mr Segun, Is mortgage interest a deduction or not. How can I treat MI in the payslip. Thank you.

[@segunakiode]

I will confirm and revert.

[@Rheebaby]

Good morning, thank you so much for your videos. What percentage of basic salary is used to develop the transport and housing allowance?

[@segunakiode]

@Rita Obi - glad you found the video useful. To your question, there is no standard percentage. It is dependent on the organisation.

[@Rheebaby]

@@segunakiode thank you so much. Do you have any recommended percentage that captures basic salary, housing and transport allowance. Thank you so much.

[@segunakiode]

@@Rheebaby it varies as it will determine Employer Pensions as well as PAYE Tax. You can try a 40%, 20%, 15% or a 30%, 20%, 10% for Basic, Housing and Transport to compare the effects. You can use the FREE Payroll Template to compare.

[@violindalola]

Do you have any suggestion of any payroll processor that works in Nigeria?

[@segunakiode]

Hello Violinda, what do mean by payroll processor?

[@violindalola]

@@segunakiode Like Gusto or Rippling. Im in America and I want to hire people in Nigeria to do virtual work and I want to pay them on a payroll processing site like gusto but gusto does not provide services in Nigeria.

[@violindalola]

@@segunakiode I want to issue a payroll to them like a 1099

[@segunakiode]

@@violindalola the last time I checked such service doesn't exist. However, you can check if Deel is now available in Nigeria (www.letsdeel.com/).

[@violindalola]

@@segunakiode Well maybe we need to create one! I am so sad that Nigeria does not have this. Our people deserve this type of technology.

[@nnekaogba4458]

I am a bit confused sir, why did you remove pension and NHF twice?

[@segunakiode]

The Finance Act 2020 made the modifications to how gross income is computed. Gross income = gross salary - non-taxable items (Employee Pension, NHF). Also, Employee Pension & NHF are tax relief elements. Hope that helps?

[@nnekaogba4458]

Thanks sir

[@toughfaithsamuel9571]

How do I download d payroll Excel sheet

[@segunakiode]

You can download the FREE Payroll Template using this link - segunakiode.com/payrolltemplate

[@rahmanonimisi2917]

What happens when a staff resumes at the middle of the month?

[@segunakiode]

You will have to prorate the salary. I did a video on "how to prorate salary in excel", you can watch it here - kzbin.info/www/bejne/gam2XqOEqbydaLs

[@Sketchnwamama]

@@segunakiode thank you so much Sir 🙏🏽💗 But please how do I know if have been getting this payment without knowing please

[@toyinfadipe18]

I am a bit confused on the formula used to derive FIXED CONSOLIDATED RELIEF ALLOWANCE.

[@segunakiode]

What exactly is the issue please? You can download the payroll template to understand better.

[@onyinyesspace9085]

Good evening Sir. I was trying to input data into the payroll template I downloaded but it's locked. I can only view it. Please how can I edit it? Thank You.

[@segunakiode]

Did you download a copy of the payroll template before attempting to edit it?

[@onyinyesspace9085]

@@segunakiode Wow! Thank you for the swift response. When I try downloading it, it opens in a separate browser.

[@onyinyesspace9085]

@@segunakiode Oh! I just saw the click on file instruction. Thank you Sir..

[@segunakiode]

@@onyinyesspace9085 you were supposed to click file, then save a copy of the payroll template to your laptop. Then you can edit the copy you downloaded to your laptop.

[@odunolaoladimeji4385]

can i Get the link sir

[@josephishaya7723]

Good evening sir, Pls when can master class for beginners start

[@segunakiode]

Your question is not clear.

[@josephishaya7723]

@@segunakiode I want to be a compensation & Benefit specialist. I've been working in Admin Department & I want to move to HR and want to specialise in Compensation & Benefit. That means I needs to understand Comp & Ben from the scratch. So my question is, when can u have class for freshners like me? Thank you.

[@segunakiode]

I have an Udemy Course on "Compensation and Benefits for Beginners" - segunakiode.com/cnbcourse

[@josephishaya7723]

@@segunakiode tried three of my atm cards but keep saying some banks don't allow local transaction & the amount is in dollar...really wants to start with immediate effect

[@josephishaya7723]

I want ask some to pay on my behalf

[@debbiebrown9927]

Thanks for sharing Sir. Please how do we reach you directly?

[@segunakiode]

Kindly book a FREE Session with me using this link - bit.ly/Call-Segun-Akiode

[@debbiebrown9927]

@@segunakiode okay Sir, thank you

[@preciousadejumobi]

Thank you sir. Can basic be less than 35% of gross?

[@segunakiode]

Unfortunately, there is no defined percentage for Basic.

[@preciousadejumobi]

@@segunakiode Thank you very much sir.

[@ogunwaleoludare6487]

Please share me the documents file

[@segunakiode]

FREE Payroll Template Download Link - segunakiode.com/payrolltemplate

[@shivayamini2560]

When a company is moving from p20 to p25 ..how much percentage of salary hike can be expected ?

[@segunakiode]

Can you rephrase your question?

[@StrixHart]

Hi Many thanks for the lecture I really enjoy it, can I have your contact. Thanks

[@segunakiode]

Check the video description for how you can book a session.

[@StrixHart]

@@segunakiode Alright, thanks sir

[@nnesolo9832]

Your teachings have really been helpful. Please can you drop the template. Thank you sir

[@segunakiode]

I'm glad you found the video helpful. The download link for the template is in the video description.