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Gross Salary and Net Salary: What You Need to Know

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...
Basic Salary and Minimum Wage: Differences and Their Important Role

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...
How to choose the proper payroll service provider?

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

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...
#Youmustknow: Salary computation and payment

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...
Optimizing human resource and shift management for factories and production enterprises

2022-10-28

Optimizing human resource and shift management for factories and production enterprises

The management of human resources is a constant concern for most firms. Human resource and shift management are particularly challenging today for factories, Food & Beverage industries, and manufacturing firms. So, is there a way to help firms get above these difficulties? The essence of shift management for manufacturing enterprises In order to manage employees, factories and production...
Rights exclusive to female workers and possible errors in calculating their wages

2022-09-20

Rights exclusive to female workers and possible errors in calculating their wages

In order to ensure the quality of health as well as problems that limit working ability and affect labor productivity, the Government has specified specific privileges only for female employees. However, these privileges also unintentionally cause difficulties when the HR department performs payroll work. Errors and mistakes can easily happen, even repeated many times. Here are some female-specific...
Rapid salary calculation for companies with multiple workshifts

2022-07-08

Rapid salary calculation for companies with multiple workshifts

Struggle with shift and overtime management Managing shifts and overtime is a constant source of frustration for businesses, particularly those with complex shifts (such as retail, restaurants, services, ..). Managing several shifts in a single day is difficult, especially when employees can sign up for different shifts each week. They must also frequently request overtime, cancel shifts, and change...

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