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Employee compensation – what you need to know and why

Workable

Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.

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How to Build a Staffing Model for Your Business

Replicon

This is where a staffing model can help. A staffing model helps the HR department envision its future staffing needs and build a roadmap to fulfill them promptly. Businesses can use the staffing model to hire, maintain, and retain the talented workforce that they would need definitely or indefinitely for various projects.

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Employee Cost: How to Calculate the Cost of an Employee?

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Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates.

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A Complete Guide to Hiring Employees in Hong Kong

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Additionally, the EO sets out standard working hours and overtime compensation guidelines. Understanding the Job Market: Hong Kong’s job market is diverse, with opportunities spanning finance, technology, hospitality, and more. Negotiating Compensation: Negotiating compensation in Hong Kong can be different from other markets.

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Guide to Hiring Employees in Japan

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Employers must compensate employees for overtime work, typically at a higher rate than regular hours. Wages and Bonuses: The minimum wage varies by region in Japan and is set by local authorities. Employers often provide bonuses twice a year, known as “summer” and “winter” bonuses.

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Guide to Hiring Employees in Cambodia

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Minimum Wage and Working Hours: Cambodia has established minimum wage regulations to ensure fair compensation for workers. The regulations also outline the rights of employees to receive holiday pay for work performed on public holidays, providing compensation and time off for these instances.

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What is HRIS? And why is it so important for your business?

Workable

HRIS – or Human Resources Information System – is a software system primarily used by human resources professionals to store and manage employee data such as payroll, benefits, performance reviews, and training records. HRIS systems are designed to automate HR processes and streamline the management of employee information.