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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...
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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...
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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...
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2023-04-10
HR 24/7 – Overload work is placing burdens on HR’s shoulders
The problem of unpaid overtime, personnel working 24/7 but still not out of work has never been old for employees. That trend is increasing, causing them to be discouraged, even quit, invisibly forming a huge challenge for businesses today. [caption id="attachment_1279" align="alignnone" width="1000"] Solutions for overload-working in HR department[/caption] Work overload, frustrated employees "I'm...
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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...
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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...
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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...
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2022-07-18
Concerns for determining overtime pay for employees
Some concerns that HR needs to know the mistakes to avoid in calculating and paying overtime wages to employees. So what is overtime and how is it calculated? Are there any salary regulations that employees should pay attention to? What is overtime pay? This is the cost that the company will have to pay for you when working overtime outside the working time frame prescribed by the business. Overtime...
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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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