As Hong Kong continues to emerge as one of the most rapidly growing markets in the APAC region and a global financial center, it has garnered increased attention from multinational corporations. The companies that expand their operations to Hong Kong experience numerous benefits – a highly educated, English-speaking population, an open and fast-growing economy and a business environment highly receptive to international investment. But Hong Kong’s payroll policies and regulations, as outlined in its extensive Employment Ordinance, can make hiring employees pretty complicated. Continue reading
The first part of this blog series offered an overview of some of the most important aspects of Spain’s labor legislation. This follow up post will provide some more details about the nation’s complex policies regarding payments and deductions.
Although companies have much to gain when establishing operations in Spain, they could face serious repercussions if they don’t follow the country’s complicated payroll regulations. Although the rules may be complex, and vary from region to region, they are designed to protect one of the country’s most valuable resources: its workforce. In order to successfully employ and pay workers in Spain, consider the following rules regarding salary payments and deductions to ensure all employees are compensated appropriately. Continue reading
For organizations considering expanding their operations into Europe, Spain is often a great starting point. In addition to a strong and highly qualified workforce, and a very pleasant climate, the nation is a gateway to accessing the growing markets of Europe, North Africa and Latin America. Moreover, the Spanish government offers various incentives for developing businesses and offers an inviting environment for foreign investment. Despite the benefits, though, companies planning to hire payroll employees in the country must contend with highly complicated labor laws that are subjected to constant changes and revisions.
To help understand these laws, and to ensure employees are compensated accurately, consider the following overview of some of the most important aspects of Spain’s labor legislation:< Continue reading
The first two entries in this series of blog posts highlighted the common challenges organizations face when expanding operations in the country and the complexities of Russia’s labour code. This third and final post will explore the crucial area of taxation and how organizations can navigate these complex rules and policies.
Of all the complex policies organizations will encounter when hiring payroll employees in Russia, perhaps none is more troublesome than the issue of taxation. As many of the tax policies in Russia are either outdated or constantly changing, employers can become easily overwhelmed. Moreover, certain areas, like insurance contributions, pensions, medical care and personal income tax are all administered by different funds with nonadjacent laws, complicating matters even further. Continue reading
The previous blog in this series highlighted the opportunities – and difficulties – organizations are likely to face when establishing operations in Russia. This entry will focus on navigating the country’s complex labor laws.
Russia boasts a modern labor code developed in line with the standards of the International Labour Organization. Still, there are several areas of the code that may be difficult for foreign organizations to understand, and failure to comply with its standards and regulations can have serious repercussions. Some violations, such as arrears in pay to workers, may even be considered a crime under the country’s criminal code. For any company considering expanding its business into the country and leveraging the Russian workforce, it is crucial to understand and abide by these rules. Continue reading
9th May 2012 14:00 UK (BST)
9th May 2012 09:00 New York (EDT)
9th May 2012 15:00 Spain (CEST)
Registration Link: Click here
As companies continue to leverage the global workforce to help meet business goals, they often set up operations in different countries, benefiting from the local labor supply and from establishing a presence in a new market. But each country has a unique set of rules regarding payroll, and understanding those policies and maintaining compliance is often key to the success of the multi-national company. Due to changing labor legislation and a complex labor code, Spain’s payroll procedures can be particularly challenging. Continue reading
On March 28, Patersons hosted a webinar titled “The Challenges of Russian Payroll” presented by Unistaff Payroll Solutions, one of Patersons Russian payroll provider partners. The webinar was very well received and provided a lot of information about the various policies and regulations organizations need to know before entering the Russian market. In this three-part series, we’ll explore some of the highlights from the webinar, including the most common problems organizations face when handling Russian payroll, how to navigate the country’s complicated labor statutes and regulations, and how to understand its taxation policies. Continue reading