2021-12-17

Cambodia Extends Deadline for Foreign Employee Quota Application

Cambodia has extended the deadline for the foreign employee quota application to January 31, 2022, two months after the original deadline.

Businesses in Cambodia employing or intending to employ foreign employees must apply for a foreign employee quota to the Ministry of Labor and Vocational Training (MLVT). The MLVT imposes a maximum 10 percent quota of an employer’s total workforce for the use of foreign employees. 

More...

2021-12-15

Vietnam’s New Normal: The Hybrid Work Strategy

  • The hybrid work strategy will likely be a key feature in Vietnam’s new normal as it reopens its economy.
  • Businesses that embrace this model are likely to find long terms gains including finding and retention of talent.
  • While there will be challenges, businesses that adapt will have a competitive advantage in the long term.

Since the pandemic, a new work model has been permeating offices worldwide. The hybrid workplace is a relatively new model that has allowed employees to work from home while allowing them to come to the office depending on the pandemic situation and movement restrictions. 

More...

2021-12-09

RUSSIA: DEMAND FOR TALENT HAS INCREASED SIGNIFICANTLY THIS YEAR

Christian Tegethoff, Managing Director CT Executive Search

What is the outlook for the Russian executive market?

In Russia, we work mainly with larger middle-sized companies, mostly from Western Europe. Many of these clients are active in the industrial sector - for example in mechanical or plant engineering, the manufacture of technical components, or the construction-related sector. There are also manufacturers of consumer goods and retailers.

We are often tasked with the recruitment of managing directors who have experience in setting up and running sales companies. 

More...

2021-12-06

RUSSIA: HUGE DEMAND FOR PRODUCTION FACILITIES

Oliver Cescotti, Member of the supervisory board of the Russian company Mikrobiogel and Board Member of the German-Russian Chamber of Commerce Abroad (AHK Russia)

What impact did the pandemic have on business, what government support was there?

There was no government support worth mentioning and we did not apply for anything. Because 2020 was actually a record year and the most successful of my fifteen years at the GEA! Despite all the supply chain challenges and the considerable devaluation of the rouble, we completed the projects on time and ensured a high level of profitability for the business.

More...

2021-12-04

China Labor Shortage – HR Strategies to Remain a Competitive Employer

The China labor shortage is driving companies to reassess their HR policies to improve worker retention. This article discusses how the labor crunch is impacting China hiring practices and the strategies companies can adopt to remain competitive. 

China is in the midst of a growing labor shortage that is placing increased pressure on the manufacturing industry. While similar shortages are being felt by many countries around the world as workers fail to return to the workplace due to persistent fears of the COVID-19 pandemic and changing attitudes toward the nature of work, China’s current predicament is part of a longer-term trend. 

More...

2021-12-03

RUSSIA: NOT EVERYTHING WORKS ONLINE"

Eugen Alles, Managing Director, Messe Frankfurt Russia

What are the expectations for 2022?

We expect to break even again. In 2022, we will increasingly rely on exhibitors from Europe. The Federal Ministry for Economic Affairs and Energy (BMWi) is again planning many funding fairs, six of which are in our home alone. There are similar programs from Italian and Polish institutions. There should also be more exhibitors and visitors from Turkey.

More...

2021-11-22

RUSSIA: HR TRENDS IN PANDEMIC TIMES

Press release on joint CT Executive Search and BCCLR webinar

The webinar held on 10 November 2021 drew together representatives of companies based in Russia and those looking to expand their operations into the country.

Christian Tegethoff, Founder, and Managing Director, CT Executive Search then delved into the ongoing HR trends in Russia.  The Founder of CT Executive Search shared some insights into the current requirements of companies based in Russia, when it comes to executive search. He also gave an overview of the current salary trends across Russia and provided participants with valuable tips on how to identify the right candidates for top management positions. Finally, Mr. Tegethoff presented the results of the recent HR Russia Survey conducted by CT Executive Search and CCBLR, in which companies opened up about their current and future turnover, as well as staffing strategies for 2022.

More...

2021-11-16

RUSSIA HR SURVEY Results

CT Executive Search and the Belgian Luxembourg Chamber of Commerce in Russia carried out a joint survey to get a feel of the current HR and business environment in Russia. This survey was done between late October and mid-November 2021, and the results are in. So:

  • How many companies recorded an increase in revenue in 2021?
  • Who will be expecting higher turnovers in 2022?
  • Who will be recruiting and how many companies will be letting their employees go?
  • Will companies be increasing salaries in 2022?

You'll find the answers to these questions in this survey.

Go to survey results.

2021-11-16

Current HR and executive search trends in Russia

What are the current HR trends in Russia, and what should companies look out for in 2022 and beyond? Christian Tegethoff, Managing Director, CT Executive Search takes a close look at talent acquisition, development and retention, executive search, and employee benefits in Russia, shedding more light on:

  • Salaries in various Russian regions
  • Employee tax
  • The top 4 HR trends in Russia
  • Executive search - how to identify the right candidate

More...

 

2021-11-15

Employment law in Russia: business and work visas, residence permits

Erzhena Kharmaeva, Senior lawyer, Juralink

What legal hurdles do you need to overcome to work in Russia? Erzhena Kharmaeva from Juralink sheds more light on that, with detailed information regarding:

  • Patents
  • Residence permits
  • Work visas
  • Recent changes to Russia's migration legislation

More...

2021-11-13

Employment law in Belgium: business and work visas, residence permits

Philippe Borremans, International Affairs Manager, GROUP S

What does a Russian company looking to expand its business operations into Belgium need to know about establishing a business and work visas for its foreign employees? Philippe Borremans from GROUP S sheds more light on that covering issues pertaining to:

  • Employer obligations
  • Requirements to hire an employee
  • Hiring Russian expats

More...

2021-11-10

GERMANY AND TURKEY – A CLOSE ECONOMIC FRIENDSHIP

CT Executive Search Press Release

What are the current HR trends and what business opportunities can German companies look forward to in Turkey?

These are the questions that were answered at the webinar organised by CT Executive Search and supported by AHK Turkey.

“German companies understand Turkey’s potential very well. In Turkey, too, they are looking for highly qualified managers who can work successfully on the local market while being familiar with the specifics of an international company. We specialize in identifying and recruiting such candidates. While working in Turkey, we can count on the active support of our senior advisor Dr. Markus C. Slevogt, who has an excellent local contact network and is one of the central protagonists of German-Turkish economic relations.” – says Christian Tegethoff, Managing Director, CT Executive Search.   

CT Executive Search would like to thank Germany Trade and Invest (GTAI), Ost-Ausschuss der Deutschen Wirtschaft and Bundesverband mittelständische Wirtschaft (BVMW) for supporting the webinar as information partners.

More...

2021-10-28

WEBINAR - Doing Business in Russia: HR Trends, Legal Aspects and Investment Opportunities

Thie webinar is organised by CT Executive Search and the Belgian-Luxembourg Chamber of Commerce in Russia (CCLBR)

As the world continues to adapt to doing business in the new normal, what should Belgian, Russian and Luxembourg companies with operations in Russia expect in terms of business operations? What are the current HR, executive recruitment and talent retention trends? How far has Russia's employment law come in accommodating new trends such as remote and hybrid work? 

These are the questions that will be answered in detail at the upcoming webinar titled - Doing Business in Russia: HR Trends, Legal Aspects and Investment Opportunities.

Date: Wednesday, 10 November 2021

Time: 15:30 Moscow time| 13:30 CET

Registration: Click here

Event programme

Speakers:

Oleg Prozorov, CEO, Member of the Board, Belgian-Luxembourg Chamber of Commerce in Russia (CCLBR); Managing Director, Member of the Board, Belgian-Luxembourg Chamber of Commerce for Russia and Belarus
Stefan Van Doorslaer, CEO, Ahlers; President, Belgian Luxembourg Chamber of Commerce for Russia and Belarus (BLRB)
Christian Tegethoff, Managing Director, CT Executive Search 
Erzhena Kharmaeva, Senior lawyer, Juralink
Philippe Borremans, International Affairs Manager, GROUP S

Don't miss this opportunity to get ready for what's to come! 
 

2021-10-19

Participate in our HR survey!

A joint CCBLR (The Belgian-Luxembourg Chamber of Commerce in the Russian Federation) and CT Executive Search Russia Survey 

As the world emerges from the COVID-19 pandemic, what business and HR strategies are you adopting to continue successfully operating in the post-pandemic world?  

Please take this anonymous 2-minute survey on Doing Business in Russia.  

This is a joint survey conducted by The Belgian-Luxembourg Chamber of Commerce in the Russian Federation (CCBLR) and CT Executive Search. The aim of this survey is to help us better understand how companies in Russia are adapting to the new normal, and how we can help facilitate productive business operations in Russia in 2022 and beyond.  

2021-10-19

GCC COUNTRIES HAVE IMPLEMENTED GROUNDBREAKING MEGAPROJECTS

Helene Rang, Managing Director, German Near and Middle East Association (NUMOV)

Industry-wise what companies will find the GCC region most attractive?

The health and ecommerce sectors are definitely quite lucrative at this point. However, given the current economic strategies being implemented, other areas are also of considerable interest.

These include renewable energies, energy efficiency, water management, innovative technologies in the construction industry, mechanical and plant engineering, IT, the technology sector (including the development and implementation of artificial technology), as well as the services sector.

More...

2021-10-15

GCC Region: LOCAL TALENT IS SCARCE

Aouni Kawas, Managing Partner, Kawas Consulting and Director of the CT Executive Search regional hub office in Beirut, Lebanon.

In terms of executive recruitment, what kind of assignments do you mainly handle in the GCC countries?

We assist our local clients in recruiting various top management personnel. This includes the recruitment of Chief Operations Officers (COOs) for construction companies, Chief Executive Officers (CEOs) for facility management organizations, as well as Engineering Managers for IT/Software companies.

In cooperation with our international colleagues from CT Executive Search, we also recruit for management positions in European companies across the GCC region.

More...

2021-10-14

HR REALITY & TRENDS IN THE GCC

Zahi Mimassi, Founder and CEO, Phoenix Consulting International

What makes the HR market in the United Arab Emirates special compared to other locations?

The Emirati HR market has developed faster than other GCC markets. This development was driven by the maturity of the organizations and advancement of their HR structures, which are more evident in UAE-based businesses and are influenced by a couple of factors:

1) The prevalent presence of expatriates in UAE-based organizations who brought with them best practices from global firms.

2) The presence of global consulting firms established in Dubai as the main hub.

More...

2021-10-13

Romania: The Nearshoring Opportunity

CT Executive Search Press release 

On 23 September, representatives of over 50 multinational companies joined the webinar organised by AHK Romania, CT Executive Search, Elite Searchers and STALFORT.Legal.Tax.Audit, to find out what Romania has to offer in terms of nearshoring, executive recruitment, and business development.

Christian Tegethoff, Managing Director and Founder, CT Executive Search spoke about the company’s executive recruitment experiences in Romania. He talked about what’s driving the demand for executives, as well as the outlook for the executive recruitment of locals and expatriates. He also shed more light on the HR trends and well as the executive recruitment opportunities in companies who are looking to Romania as a nearshoring partner.

CT Executive Search would like to thank Germany Trade and Invest (GTAI), Ost-Ausschuss der Deutschen Wirtschaft and Bundesverband mittelständische Wirtschaft (BVMW) for supporting the webinar as information partners.

More...

2021-10-06

Dr. Markus C. Slevogt joins the CT Executive advisory board

CT Executive Search Press Release

The management of CT Executive Search is pleased to announce that Dr. Markus C. Slevogt has joined the company's advisory board.

Dr. Markus C. Slevogt is a board member of the Turkish family company Erciyas Çelik Boru A.Ş. (manufacturing, energy, services) and independent board member in AkçanSA, a stock exchange-listed joint venture between HeidelbergCement and Sabancı Holding. He is also a board member of the consulting firm Amarkon Group and acting president of the German-Turkish Chamber of Commerce and Industry (AHK). Dr. Slevogt lives in Istanbul.

More...

2021-10-05

THE INDO-GERMAN MAGAZINE 4/21

The Indo-German Magazine features the latest information regarding the Indian economy. This includes the latest trends and developments in Indo-German cooperation as well as the various activities and initiatives undertaken by AHK India.

As a member of the Chamber, CT Executive Search is proud to support the association's initiative to promote doing business in India. 

To view the magazine, click here

2021-10-05

Human Resources and Payroll in China 2021-2022

A firm understanding of China’s laws and regulations related to human resources and payroll management is absolutely necessary for foreign businesses in China. This special edition of HR and Payroll, updated for 2021/22, navigates China’s newest laws and regulations related to HR and payroll management – essential information for foreign investors looking to establish or already running a foreign-invested entity in China. 

More...

2021-10-04

Teamwork – Why You Can't Afford To Be A Solo Fighter On The Job

The myth of the ultra-competitive, singular high performer is just that: a myth. If you want to advance in your career and make a real difference, you have to work constructively with others. After all, teamwork is the key to success. And ultimately, successful collaboration is not rocket science – if you keep a few things in mind.

More...

2021-10-02

China’s New Personal Information Protection Law: Impact on Employment Management

On August 20, 2021, the Personal Information Protection Law (hereinafter referred to as PIPL) was officially promulgated and will come into force on November 1, 2021. As a special legislation in the personal information protection field, the PIPL puts forward more detailed obligations on employers – as personal information processors – by incorporating special chapters and clauses.

What is considered personal information in China?

Personal information, which is referred to as “personal identifiable information” in the US or “personal data” in the EU, pertains to various kinds of information that is related to any identified or identifiable natural persons as recorded by electronic or other means.

More...

2021-09-27

PRODUCTION-RELATED POSITIONS REQUIRE A LOT OF RESEARCH

What is the current situation on the Romanian labor market?

The past year has also brought many challenges in Romania, with employees and companies having to adapt to lockdowns and contact restrictions. This is why the way people work and communicate has changed here too.

As a result, digitization has accelerated again; remote work is now also established in Romania and it has so far not been seen that all companies will simply return to the present models of the pre-Corona period. Because many employees appreciate the greater flexibility that results from working from home or various mixed models of face-to-face and homework.

More...

2021-09-13

IN COMPARISON TO OTHER EU COUNTRIES, THE TAX RATES ARE LOW

Adina Zdru, Tax Advisor and Managing Partner Tax, and Christian Weident, Lawyer and Managing Partner Legal, Stalfort.Legal.Tax.Audit

Special features of labor law

The provisions of Romanian labor law differ greatly from those of other countries. Since employees are also not allowed to waive statutory rights due to the Labor Code (rum: Codul Muncii), many provisions that are customary elsewhere cannot easily be used in employment contracts. Employment contracts must also be drawn up on the basis of a legally regulated template. Supplements, which are often required in practice, must be carefully designed so as not to be illegal, and thus, void.

More...