Remove 2022 Remove Benchmarking Remove Bonuses and Incentives Remove Employer of Record
article thumbnail

A Complete Guide to Hiring Employees in Hong Kong

Recruiters Lineup

Wages and Working Hours: The EO addresses the fundamental aspect of employment – wages. As of my last knowledge update in January 2022, the minimum wage is reviewed regularly to keep up with economic changes. Understanding the local salary benchmarks for your role and industry is crucial for effective negotiation.

article thumbnail

Guide to Hiring Employees in Singapore

Recruiters Lineup

Basic Salary Calculation: Employers calculate basic salaries based on the employment contract and agreed-upon terms. Overtime and Additional Payments: Overtime payments, bonuses, and other allowances may be applicable based on the employment terms. Both employers and employees contribute to the CPF.