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NOVEMBER 21, 2023

Additionally, the EO sets out standard working hours and overtime compensation guidelines. Negotiating Compensation: Negotiating compensation in Hong Kong can be different from other markets. Understanding the local salary benchmarks for your role and industry is crucial for effective negotiation.

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Immedis

MARCH 25, 2021

Today we are delighted to feature a guest post from Globalization Partners , whose Employer of Record (EOR) technology leads the way in enabling companies to expand globally. . Take the Facebook approach and re-benchmark the employees’ compensation to align with the payments in the new location.

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JULY 12, 2023

Fortunately, collaborating with an employer of record (EOR) helps in managing these challenges. Introduction to EORs and their Role in Supporting Direct Sourcing Programs An employer of record (EOR) is a professional service provider that acts as an intermediary between employers and workers.

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JULY 24, 2023

Offer Competitive Compensation and Benefits To attract top international talent, it’s crucial to offer competitive compensation packages. Familiarize yourself with the global compensation norms for the positions you’re hiring for in different regions.

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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 5, 2023

Minimum Wage and Benefits: Be aware of the current minimum wage in Colombia and ensure that your compensation packages comply with the legal requirements. Social Security Contributions: Employers are required to contribute to social security funds for their employees.

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DECEMBER 11, 2023

Both employees and employers contribute a percentage of the employee’s salary to the CPF, which is then used for retirement, healthcare, and housing needs. Workmen’s Compensation Act: This Act outlines the compensation for employees who suffer from work-related injuries or diseases during the course of employment.

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