Benchmarking Bonuses and Incentives Certification Employer of Record 
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APRIL 1, 2024
It’s essential for candidates to conduct research on salary benchmarks and industry standards to negotiate effectively. Contract Signing and Onboarding Upon reaching an agreement, the final step involves signing the employment contract. Taxable income includes salaries, wages, bonuses, and other forms of compensation.
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DECEMBER 11, 2023
Apply for Employment Pass: Submit the EP application online through the Ministry of Manpower (MOM) website. Ensure that all required documents, including educational certificates and a valid passport, are submitted. Basic Salary Calculation: Employers calculate basic salaries based on the employment contract and agreed-upon terms.
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JANUARY 11, 2024
Employers may also consider factors such as language proficiency and certifications relevant to the job. It is customary for candidates in Serbia to engage in a negotiation process, and employers may consider factors such as the candidate’s experience, skills, and market salary benchmarks.
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JANUARY 25, 2024
Government Initiatives: Staying informed about government initiatives related to employment and workforce development is essential. Employers should be aware of any incentives, training programs, or policies that could impact hiring decisions. This can include academic certificates, professional licenses, and reference letters.
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DECEMBER 17, 2023
Consider market benchmarks and industry standards when determining salary structures. Employers typically provide a base salary, which may be supplemented with bonuses or allowances. Bonuses: Year-end bonuses (Tet bonuses) are common in Vietnam, and they are often substantial. Visas in Vietnam: 1.
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FEBRUARY 1, 2024
Attention is also given to educational backgrounds, professional certifications, and relevant achievements. Sick Leave: Employees are generally entitled to sick leave, and the duration and compensation during this period may be specified in the employment contract or determined by labor laws.
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DECEMBER 8, 2023
Contract Signing: Once the candidate accepts the job offer, a formal employment contract is signed by both parties. Pre-Employment Requirements: New hires are typically required to submit necessary pre-employment requirements, such as medical certificates and government-mandated documents.
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