Southeast Asia has become a source of growth in recent years, and one of the strongest emerging economies in the region is the Philippines. The nation possesses one of the highest English-literate workforces in the world, and despite being in the heart of Southeast Asia, the country is heavily influenced by Spain and the United States, making it a truly unique destination to expand business operations. The organizations that look to grow their business in the Philippines will find a work environment comprised of traditional Asian values and heavily influenced by western business practices. Continue reading
As China continues to emerge as the largest contributor to global growth, many companies have sought to set a foothold in this rapidly expanding market. While there are many benefits for multi-national organizations that establish operations in the country, there are a number of challenges as well. Aside from the difficulties of hiring employees in a foreign land, such as language barriers and cultural differences, one of the most daunting aspects of expanding into China is successfully navigating the nation’s complex payroll policies. Continue reading
Singapore presents a great opportunity for multi-national companies to expand their operations. In order to be successful, however, employers must comply with a range of comprehensive rules and regulations. While our first two posts on payroll in Singapore focused on key parts of the nation’s Employment Act and its leave policies, this post will provide an overview of another crucial factor of hiring employees in Singapore – income tax. The following list highlights some of the most important areas to consider when expanding operations to Singapore. Continue reading
Our previous post on payroll in Singapore highlighted some of the most important aspects of the nation’s employment policies, including its Employment Act, social security system and foreign worker and skills development levies. Another crucial factor of payroll in Singapore is the nation’s complex leave policies. As there can be serious repercussions for employers who fail to grant their employees appropriate leave, any organization planning to hire workers in Singapore should become familiar with the following policies: Continue reading
It is no big secret that Southeast Asia is home to some of the most rapidly growing economies, making it a desirable place to expand business operations and find the talent needed to achieve key organizational goals. Strategically located in the heart of the region is Singapore, which leads the pack in terms of international trade and investment and offers a pro-business environment and strong free market economy. In addition to low personal and corporate tax rates, a high standard of living and its position as a gateway to the rest of Asia, this small nation offers big benefits to companies of any size. Continue reading
The rapidly growing market of Hong Kong is a great destination for multinational organizations expanding their business. But employers looking to hire in Hong Kong must deal with an increasing number of complex payroll and employment laws and regulations. Our previous blog post detailed several key areas of Hong Kong’s Employment Ordinance and the rules with which employers must comply when hiring employees in the region. This entry will focus on additional areas employers need to take into account when looking to leverage Hong Kong’s workforce. Continue reading
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
More and more companies are taking advantage of a new borderless workforce and expanding or introducing operations into new countries. And the high growth region of Asia-Pacific (or APAC) is particularly inviting to multinational corporations seeking expansion. As APAC is home to two-thirds of the world’s population, and many of its nations are experiencing rapid business growth, the region is a great place to find the qualified talent needed to help a company succeed. 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