UPDATED NEWS

2023-09-06

Gross Salary and Net Salary: What You Need to Know

Gross Salary and Net Salary are the two most common forms of receiving compensation in today's workforce. However, for newcomers to the job market, these concepts might be unfamiliar. In this article, we will consolidate valuable information to help you understand Gross Salary and Net Salary better, enabling you to make informed decisions when negotiating with employers. What is Gross Salary? Gross...

2023-08-08

Basic Salary and Minimum Wage: Differences and Their Important Role

In Vietnam's salary system, both the basic salary and minimum wage play a crucial role in determining the earnings of workers and employees. This article will focus on the differences between these two types of wages and their significance in the current salary structure in Vietnam. What is the Basic Salary? [caption id="attachment_1855" align="alignnone" width="1498"] What is basic salary?[/caption] The...

2023-07-25

How to choose the proper payroll service provider?

In order to solve the situation of slow and inaccurate salary payment, many businesses use outsourced payroll services to save costs and focus human resources on core business activities. So how to choose the proper payroll service provider for your business? What is payroll service? Payroll service (outsourced salary calculation) is a service to support businesses in managing salaries, bonuses,...

2023-06-29

What is a piece wage? The information about piece wage you need to know

Today, instead of paying a fixed monthly salary, businesses often choose to pay a piece wage to improve work productivity. The following article will bring you the most useful information about this form of payment. What is a piece wage? [caption id="attachment_1660" align="alignnone" width="1000"] Piece wage is one of the most popular forms of salary payment today.[/caption] Piece wage is understood...

2023-03-06

Transparency in wages – the talent retention strategy

Fairness and transparency in wages are always the top concerns of employees in today's society. Followed by a series of problems for businesses: how to retain talented people and attract young human resources.  [caption id="attachment_1047" align="alignnone" width="1000"] Transparency in wages - the talent retention strategy[/caption] Non-transparency in salary - the cause of “separation” “Financial...

2022-11-11

#Youmustknow: Salary computation and payment

Salary and the important role of salary computation Salary is established on the basis of the worth of labor power through an agreement between the business and the employer, and is regulated by economic rules such as supply and demand, value, etc. As a bridge between employees and businesses, firms must pay special attention when calculating and paying employees' salaries. This stage is directly...

2022-09-28

New trend of HR industry: Applying technology to payroll

Register now to receive free support and advice on services from the terra team here! Payroll calculation is the most important task of the human resources department, directly affecting businesses and employees. In order to overcome the limitations and errors of previous manual salary calculation forms (books, Excel files, etc.), enterprises have started to apply technology to automate the salary...

2022-09-26

5 companies providing reputable payroll services

Payroll services are becoming increasingly popular as a way to save time, human resources, money, and other resources. Let's find out the TOP 5 best payroll companies with terra. Talentnet's payroll service Talentnet appeared on the Vietnamese market for the first time with Human Resources Services of PricewaterhouseCoopers Vietnam. Over 20 years of establishment and development, Talentnet is currently...

2022-09-12

Payroll Expert and 6 reasons why you need them

Payroll is one of the most important aspects of business– it builds financial stability among employees and boosts team morale. Many businesses, especially small businesses, tend to take payroll into their own hands and avoid outsourcing payroll. Managers and business owners spend hours calculating everything themselves, oftentimes juggling other roles in the business at the same time. Taking care...

2022-08-12

4 Advantages of Payroll Service

HR departments cannot focus on higher productivity functions, as most of their productive hours are invested in managing payroll, accounts, taxes, and routine administrative work leading to a “saturated” state at the end of the day. Outsourcing payroll and administrative functions to external agencies helps companies strategize their efforts and provide coordination within a team to achieve...