Survey: HR Trends in China
Joint CT Executive Search and Dezan Shira and Associates HR survey
HR trends continue to change to adapt to the new normal. Remote work and hybrid work have had a significant impact on salaries, expatriate and executive recruitment.
So how will this affect the DACH companies doing business with China?
Please take this 1-minute survey in German, on HR trends in China.
This joint survey designed by Dezan Shira and Associates and CT Executive Search, will tell us more about what recruitment and salary trends companies from the DACH region with business operations in China can expect in 2022 and 2023.
The results of the survey will be made available to all respondents, and shared at our upcoming webinar titled "HR update on China: Labour Market, Executive Search and Remote Work".
Assessing the Current Human Resources Talent Pool in ASEAN
Foreign investors looking at ASEAN need to understand the availability of talent and regulatory conditions as it exists in each member state. A regional bloc with over 600 million people, ASEAN is endowed with a diverse workforce, but these are spread across different levels of the developmental spectrum.
Germany and Poland – the perfect economic duo?
CT Executive Search Press Release
What is the current state of German-Polish economic relations? What are the current executive search trends, and what opportunities await international companies doing business in Poland?
These are the questions that were addressed in detail at the webinar titled, “Focus on Poland: Current Business and HR trends”, organised by CT Executive Search and supported by the German-Polish Chamber of Commerce and Industry (AHK Poland).
Moderated by Christian Tegethoff, Managing Director, CT Executive Search, the webinar began with an overview of the current economic trends in Poland.
Lithuania: Many employment contracts become partially null and void
If employers want to reduce statutory daily allowances from 1 July 2022, the reduction must now be provided for in a collective agreement. An individual agreement, such as an employment contract, will be void in the future.
In Lithuania, employers are required by law to pay daily allowances for business trips. These statutory daily allowances could previously be reduced by up to 50% in a collective agreement or in an individual employment contract – which was very often used.
Guangzhou’s New Measures for Handling Foreigner’s Work Permit: What Are the Updates？
Guangzhou has announced new measures for handling foreigner’s work permit applications.
On March 15, 2022, the Guangzhou Science and Technology Bureau printed and announced Several Measures on Further Streamlining the Handling of Permits for Foreigners Seeking to Work in China (hereinafter referred to as the “New Measures”), in a move to simplify and standardize the handling of foreigner’s work permits in Guangzhou and thus improve Guangzhou’s business environment and attract more talents to work in the Greater Bay Area (GBA).
Compared to the currently effective Guidelines for Applying for Work Permits for Foreigners in Guangzhou (2020), the New Measures proposed several new policies that aim to make it easier for foreigners to apply for a work permit in Guangzhou.
How to Structure a Salary in India: Key Components
Salary structure in India: Key terms
A salary structure aims to lay out the anatomy of the salary being offered in terms of the different components constituting the compensation plan. From the employee’s perspective, it is imperative to have basic knowledge of the different components of their salary to plan their finances with an aim to maximize their claims on the various tax exemptions available to them.
Doing Business in Indonesia 2022
This publication, designed to introduce the fundamentals of investing in Indonesia, was compiled by the experts at Dezan Shira & Associates, a specialist foreign direct investment practice, providing corporate establishment, business intelligence, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.
Amongst others, it covers:
- Human resources and payroll;
- Audit and compliance
- Trade
- Import and Export
Singapore to Implement New Points System for Employment Pass Applicants From 2023
Singapore will introduce a new points system for Employment Pass (EP) applicants from 2023, in addition to higher qualifying salary thresholds.
The government hopes that the new system – laid out under the Complementarity Assessment Framework (COMPASS) – will improve the capacity of Singaporean businesses to select high-quality foreign professionals and ensure workforce diversity.
The business magazine of the Indo-German Chamber of Commerce| Volume 66 | Issue 01, 2022
The Indo-German Magazine contains all the information about the latest trends and developments in Indo-German cooperation as well as the various activities and initiatives of the Chamber.
Contents
- Indo-German Trade
- ‘Living the Human’ in Human Resources
- Post Harvest Losses
- Union Budget Highlights
The Basics of Employing People in China and the UK (Part One)
An exclusive series focusing on the basics of employment in China and the UK.
In the first introductory videos, Legal Advisory Manager at Dezan Shira & Associates, Donfil Huang, and Partner at Laytons, Nicholas Lakeland, share introductory legal knowledge around employing foreigners in China and the UK. Foreign entities operating in China and the UK must understand the basics of employing foreigners to ensure overall compliance.
How an entrepreneurial mindset can boost your career
What is an entrepreneurial mindset?
Although research has acknowledged that an entrepreneurial mindset has various facets, a universal definition does not exist. But according to a US study from 2021, entrepreneurs are generally creative, autonomous, and persistent.
Manufacturing in Vietnam: Key Labor Concerns and How to Optimize Your HR Strategy
Vietnam Briefing discusses key labor concerns for businesses in the manufacturing industry, particularly as the country opens up and businesses look to actively recruit labor to meet production targets. With manufacturing taking the lead in FDI investment, we look at how businesses can be competitive using efficient HR strategies.
Among the advantages of choosing Vietnam as an investment destination, it would be remiss not to mention Vietnam’s abundant workforce and competitive labor cost. However, the current growing labor demand in manufacturing companies may also raise concerns for businesses interested in setting up their manufacturing hubs in the country.
Why business ethics should be at the heart of every company
What is the rationale for investing in business ethics?
1. Internal: a transparent, authentic, and value-based company culture improves morale. When employees experience daily that business ethics is taken seriously and not just an empty phrase, they will be more involved.
2. External: positive customer relationships lead to a better reputation and a stronger brand – which not only impacts business, but also recruitment.
Automating HR Functions and Digital Skilling: Top HR Tech Trends in India
In the next year, over 27 million Indians or about seven percent of the Indian workforce will need digital skills training as technology impacts the way jobs are performed. This will accelerate ongoing changes to the way human resource (HR) functions are performed within the organization and to meet business deliverables. We briefly discuss the growth of the HR Tech market in this article and list some of the top HR Tech trends expected in India in 2022.
Assessing Vietnam’s Labor Market and Payroll Considerations
Vietnam has one of ASEAN’s largest labor markets, whose strength is approximately 56 million people, and with a labor participation rate of 76 percent. Due to the developing nature of the workforce in Vietnam, it is natural that there exists some difficulty in finding highly skilled employees — only 12 percent of Vietnam’s workforce are considered highly skilled.
Lithuania allows refugees from Ukraine to start work immediately
The Lithuanian Minister of the Interior has issued a decree that eases the conditions of employment for people who have fled Ukraine.
Ukrainian citizens, their family members and stateless persons residing in Ukraine who have left Ukraine for Lithuania no longer have to obtain a work permit or wait for a decision by the Lithuanian Labour Agency (Užimtumo tarnyba) on compliance of the foreigner’s work with the needs of the Lithuanian labour market.
What is the Status of India’s Four New Labor Codes?
What is the implementation status of the four labor codes in India?
It is speculated that the four labor codes are likely to be implemented in the next financial year, that is FY 2022-23, once all the states have finalized the draft rules.
As on January 2022, 26 States/Union Territories (UTs) have pre-published the draft rules under the Code on Wages, 22 States/UTs under Industrial Relations Code, 20 States/UTs under Code on Social Security, and 17 States/UTs under the Occupational Safety, Health and Working Conditions Code.
Human Resources and Payroll in China 2022 – New Publication from China Briefing
This special edition of HR and Payroll, updated for 2022, 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.
Human Resources & Payroll in China 2022 (9th Edition) covers the following:
- Hiring Staff
- Staff Administration and Payroll
- Terminating Employees
- Employing Foreign Workers
- Privacy and Data Protection
Polish Deal”: A revolution in personal taxation
Monika Spotowska, Associate Partner, Rödl & Partner, Warsaw
To make things easier for taxpayers, new tax benefits have been added to the Income Tax Act, including tax exemptions for families with at least four children, employed seniors, and people relocating to Poland. The new benefits are modeled on the so-called relief for the young, i.e. those up to the age of 26, already known in the Polish tax system. The income tax exemption is up to 85,528 zloty per year.
Recruitment is a challenging task
Christian Tegethoff, Managing Director, CT Executive Search
Shortage of labour is one of the defining characteristics of the Polish labour market today. This applies equally to all job categories.
Typical vacancies include managing directors, plant managers, finance directors, sales managers or production-related management personnel. We look for candidates with experience in international companies who can integrate into multinational structures. Such candidates are practically never unemployed but must be identified and approached in their current positions. Good candidates have many options in Poland, so companies have to woo them with attractive conditions and promotion opportunities.
Germany and Poland have proven to be a crisis-resistant duo
Dr. Lars Gutheil, Executive Board Member, German-Polish Chamber of Commerce and Industry (AHK Poland)
How is the German economy represented in Poland? How are they supported by the AHK?
Over 5,000 German companies are active in Poland. Many of these companies have recently expanded their production facilities or are planning corresponding investments. It is noticeable that the activities are becoming more and more sophisticated
For example, Robert Bosch is planning a new production line for modern brake systems in Mirków. ZF has invested in a new manufacturing facility for electronic components in Częstochowa. Bayer has expanded its presence with a tech hub in Warsaw, which currently houses over 400 IT experts.
An Expat's Russia Virtual Summit 2022
An Expat's Russia Virtual Summit
Join the 2022 Virtual Russia Summit organised by An Expat's Russia to hear what leading experts have to say about doing business in the country.
Russia's leading professionals will shed more light on what you need to do to make it in Russia's high paced environment.
Speakers include:
- Christian Tegethoff, Managing Director, CT Executive Search
- Suren Avakov, Managing partner, ATPLAW
- Timur Beslangurov, Immigration Expert, VISTA Immigration
- Matthew Shannon, Founder, Expatriant
With over 20 live sessions, you'll learn more about:
- Tech Investment Opportunities in Russia
- Current HR trends and executive recruitment
- Visas, residence permits, immigration
- Setting up and running a business in Russia
- Taxation and social benefits
Event details: here
Registration: here
Doing Business in China 2022
Doing Business in China 2022 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.
Topics covered include:
- Establishing and Running a Business
- Tax, Audit, and Accounting
- Human Resources and Payroll
- Cybersecurity and Data Protection
Romania: Visas for digital nomads in Romania
Ranked 3rd in the Digital Nomad Index for the attractiveness of working remotely, Romania has joined a growing list of countries offering so-called digital nomad visas for foreigners working remotely. This is due to the entry into force of Law no. 22 of 14 January 2022, which amends and supplements GEO no. 194/2002 on the regime for foreigners in Romania.
CURRENT HR AND EXECUTIVE SEARCH TRENDS in russia
Christian Tegethoff, Founder and Managing Director, CT Executive Search
Christian Tegethoff, takes a close look at executive search in Russia, shedding more light on:
- Current HR trends
- Remuneration packages for expatriates
- Salary differences between Moscow, St. Petersburg, and the Russian regions
- The Ideal Candidate
