Failure to design an effective salary compensation structure for Chinese employees
Автор: Woodburn Accountants & Advisors
Загружено: 2021-10-14
Просмотров: 31
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FAILURE TO DESIGN AN EFFECTIVE SALARY STRUCTURE FOR CHINA
Usually, the employer will set a fixed amount of salary on the employment contract.
It is the standard practice but not the most cost-effective.
One way to manage the salary payment is to divide the salary into several parts.
A well-designed salary structure can save a lot of costs to the employer and gives the company more flexibility when managing employees.
However, when designing the compensation structure, it is always recommended to rely on professional help, as a poorly designed salary structure can result in costs increases and legal risks.
Watch today's video to gain insight into how you can design effective structures in China for local and foreign employees.
AND if you have any questions about doing business in the Chinese market then reach out to our Head of Business Advisory - Kristina Koehler-Coluccia by commenting below with - CONTACT ME.
PS. Remember we specialize in helping foreign investors with their market entry, implementation and most importantly growth in the Chinese market. If you would like to find out if we can help you, then book a call with our Head of Business Advisory - Kristina Koehler-Coluccia here: https://lnkd.in/eQHtBHR
#china #doingbusinessinchina #hrcompliance #salarystructure #salarycompensation #scaleup #woodburnglobal
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