Human Resources & Payroll
Op-ed Commentary: Chris Devonshire-Ellis, Dezan Shira & Associates
Jul. 18 – Comparing labor costs is always a difficult art, not least because different countries have different ways and mechanisms of measuring these. India, for example, imposes different minimum wage levels dependent upon specific work sectors, whereas China levies a minimum wage across the board irrespective of employment type. However, as the population demographics are now shifting to a younger workforce in India from China, such comparisons, while not exact, provide some clues about the nature of costs associated within the labor pools of each.
In this example, we have researched seven cities in both China and India, to try and provide a general geographic spread in both countries. The minimum wage levels in each country are set by the respective state and provincial governments.
May 10 – UBS, a global financial services company, has recently published its exhaustive global summary of prices and earnings as part of a report released once every three years. Using their listed global benchmark of New York as a standard for comparison, we have extrapolated the data UBS produced on China and India regarding wages and salaries.
For the complete UBS report, please click here.
Apr. 16 – In an effort to combat inflation and prevent any outbreaks of labor unrest, ASEAN countries have increasingly been following China’s strategy of pushing for higher minimum wage levels and enacting new labor laws which greater protect workers’ rights. Many countries also see minimum wage increases as an opportunistic method of raising the productivity of their labor force in preparation for the opening of the ASEAN Economic Community in 2015.
Malaysia implemented the country’s first-ever minimum wage standards on January 1, 2013. Minimum wages are set at MYR 900 (US$296) per month in peninsular Malaysia, and MYR 800 (US$263) per month in the states of Sabah, Sarawak, and Labuan.
Prime Minister Naji Razak has stated that these standards will be renewed every two years, and the move has been stressed by Minister Idris Jala as part of the government’s strategy to evolve the country into a high-income nation by 2020.
Read the rest of this article on our new ASEAN Briefing website.
Labor contracts, social insurance contributions, salary packages, visas for foreigners, and more!
Nov. 16 – Asia Briefing, in cooperation with its parent company Dezan Shira & Associates, has just released a new 102-page guide introducing everything that foreign investors in China should be familiar with from the human resources and payroll management perspective. This guide, titled “Human Resources and Payroll in China (Third Edition),” is immediately available as a PDF download on the Asia Briefing Bookstore.
A firm understanding of China’s laws and regulations related to human resources and payroll management is essential for foreign investors who want to establish or are already running foreign-invested entities in China. This guide aims to satisfy that information demand, while also serving as a valuable tool for local managers and HR professionals who may need to explain complex points of China’s labor policies in English.