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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

NACE

Nomenclature Générale des Activités Economiques: (See: North American Industry Classification System.)

Near-shoring

A form of outsourcing arrangement performed in roughly the same time zone with less than one day’s travel to reach the near-shore destination. (See: Offshoring.)

NEN-4400

NEN-4400 is a national standard developed by the Netherlands Standardization Institute (NEN) that establishes requirements for Dutch organizations hiring temporary employees, like employment or secondment agencies. NEN-4400-1 and 4400-2 are applicable to staffing companies, describing tax and duty payment rules. Employers, unions and the government participate in the NEN.

Net PEO Revenue

PEOs report revenue on a net basis for the amount billed to clients for client employee salaries, wages and certain payroll-related taxes minus amounts paid to client employees and taxing authorities for these salaries, wages and taxes.

Non-Employee

An individual who provides services/skills to an organization but is not providing those services/skills in a permanent job/role. Example of non-employees can be temporary workers, independent contractors, consultants, outsourcing provider staff, SOW workers, etc. (See also: Employee, Contingent Worker)

Non-Professional Staffing

North American Industry Classification System (NAICS)

The standard industry classification system used by US Federal statistical agencies in classifying business establishments. NAICS is a two- through sixdigit hierarchical classification system, offering five levels of detail. Each digit in the code is part of a series of progressively narrower categories, and an increasing number of significant digits in the code signify greater classification detail. Use of the standard provides uniformity and comparability in the presentation of statistical data. The equivalent system in Europe is NACE (Nomenclature Générale des Activités Économiques dans les Communautés Européennes). NACE is administered by the European Commission and subject to legislation at a European level which imposes the use of the classification uniformly within Member States. There is also an International Standard Industrial Classification in existence which is administered by the United Nations. The latest version of NACE (Rev2), is based on ISIC Rev 4 and adapted for European circumstances.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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