Learn About Employee Retention in China China has a significant issue with low employee retention for companies in different industries. A high percentage of employees left their company in recent years. Also, there is low employee engagement. Hiring and employee retention seems like an achievable and simple undertaking considering that some strategic approaches and methodologies…
Know The Process of Fapiao System Fapiao directly means to “invoice”, but it is not enough to translate it. The fapiao system is more complicated than just a simple invoice, and there are different types of it available. What a lot of people do not know is that the Fapiao is a tax invoice and…
China Industries for Foreign Investment Opens Door of Opportunities The Chinese government have created a new list of the industries they encourage for foreign investment and growth opportunities. They also want to provide insight on when international resources and knowledge are desired. If you plan to invest in China, you can decide to invest in…
Important Things to Know About VAT in China China has a compelling economy, and there is a new tax reform that was just implemented. Back in May 2016, the Business Tax (BT) was replaced by the Value-Added Tax (VAT). The goal of this reform is to make the tax burden easier on companies and help…
Investors Need to Know the Employment Probation Periods in China When a new employee becomes part of the company, they do not become regulars right away, and they need to finish their probationary period before they can become permanent. It is the Ministry of Human Resources and Social Security that administers the Labor Contract Law…
The Advantages of PEO in Japan The PEO in Japan hires employees without the need for any legal entity. The Global PEO handles the payroll, human resources, and tax needs of these employees. While the new ones who were newly hired and headquarter teams focus on business goals. Having this kind of arrangement makes expansion…
Hukou System in China Has Advantages China has dealt with severe challenges for decades when they try to relocate, whether it is about finding a different job or school. They have what is called the Hukou system in which the government will register all households, and say where people may live, study, or work and…
Application of South Korea Work Visa South Korea has many types of visa that grant you to stay in the country temporarily. There are eight categories of work permit visa. All of them depends on the kind of skilled worker a person is. If you do not want to work anymore in South Korea, you…
Learn WFOE Incorporation in China WFOE means Wholly Foreign-Owned Enterprise, which is an organization that was set up in China, and fully owned by a foreigner. In addition, it is a representation of an autonomous and financial legal entity that has its own lawful obligations. The WFOE is used the most by foreigners to look…
What is Labour Dispatch in China? Human resource management in China can be a difficult issue for foreign investments in China, especially the ones that have a deadline or do not have enough knowledge about HR. The employee administrative procedures that include areas like recruitment management, applications of work permits, payroll and taxes, and labour…