Inflated Cashflow

To whom it may concern as copied from Tomiloba Babarinde on LinkedIn. When an employee's contract is terminated mid-month, your instinct may be to pay only for the days worked (pro rata basis). However, the National Industrial Court has taken a different position. In Mr. Abe Adewunmi Babalola v. Equinox International Resources Ltd (Unreported Suit No. NICN/LA/166/2015), the Claimant, had his appointment terminated on 7th September 2012. He had worked only 7 days into that month. When he filed his claim, he asked for a pro-rated fraction of his September salary — essentially, payment for those 7 days only. In its decision, the Court answered this very question, i.e- Was the claimant entitled to a fraction of September salary or the full month? Relying on its earlier reasoning in Grant Mpanugo v. CAT Construction Nig Ltd & Anor (Unreported Suit No. NICN/LA/660/2015), the Court reaffirmed an important principle: Pro rata or fractional salary is not applicable to employees in periodic employment who are paid monthly. It applies only to daily paid workers. The reasoning is practical. A monthly salary is not a daily rate multiplied by the number of days in a particular month. If it were, employees would earn different amounts across the year because the months are uneven. February has 28 or 29 days. March has 31. If salary were to be calculated strictly by days, monthly pay would fluctuate across the year, which defeats the structure of periodic employment. The Court therefore held that where an employer terminates employment within a new month, the employer is liable to pay the full salary for that month, not a fraction based on days worked. Therefore, the claimant was entitled to his full September salary. In conclusion, the next time you terminate an employee’s employment mid month, resist the instinct to divide the monthly salary by 30 or 31.

serious question. has it ever happened where they have started engraving the trophy and the team goes on to lose??

He came here to win 🏆🌟

Britain has been a Christian nation for over 1,400 years. Through wars, plagues, and countless kings, Easter has always been celebrated. Yet now, Cadbury won’t even use the word ‘Easter’ on their eggs. When did celebrating British traditions become controversial?

Notice how Pep knew that Arsenals defenders have no clue what to do with the ball… City players don’t press the Arsenal backline

🚨Mikel Arteta is unbeaten at Wembley. Pep Guardiola has never lost a League Cup final. Arsenal will face Manchester city at Wembley with both records on the line.

🚨BREAKING: The Jehovah's Witnesses organization has updated its policy on blood transfusions, allowing members to have their own blood removed, stored, and "given back" in medical procedures, marking the first significant shift in the religion's stance after a 75-year prohibition on its members.

Look at the requirements for an Investment banking role at Greenwich Merchant Bank. The role is currently open. Do you now understand when I said Investment banking isn't for newbies. Check the comment section for the application link.