The latest issue of China Briefing Magazine, titled “Payroll Processing in China: Challenges and Solutions“, is out now and currently available to subscribers as a complimentary download in the Asia Briefing Publication Store.
- Key Management Challenges for Payroll Processing in China
- IT Solutions: Improving Efficiency, Accuracy and Transparency in Payroll Processing
- Payroll Outsourcing: Allowing SMEs to Focus on Core Business Goals
- China as a Payroll Processing Center for MNCs in Asia
Businesses in China have a diverse array of HR and payroll needs whether they are traditional manufacturers employing workers in factories, or young tech startups experimenting with innovative new products and services.
Manufacturers may need to schedule and coordinate myriad shifts and production teams around the clock, and calculate overtime and other payments accordingly. Startups may need to establish reporting lines and coordinate payments in an environment where employees are working remotely across a number of different locations and time zones.
What these two very different industries have in common is the need to grapple with China’s complex and idiosyncratic payroll environment. Many businesses in China suffer from the rudimentary collection and storage of HR information, while language issues invariably add another layer of difficulty. Even with accurate data, grappling with social insurance rates that vary wildly between cities and provinces, and sometimes even within the same city, makes calculating payments difficult for those unfamiliar with China’s HR laws.
In this edition of China Briefing magazine, we provide a roadmap for readers to navigate these issues. We begin by laying out the challenges presented by China’s payroll landscape, including its peculiar Dang An and Hu Kou systems. We then explore how companies of all sizes are leveraging IT-enabled solutions to meet their HR and payroll needs, and why outsourcing payroll is the answer for certain company structures. Finally, we consider the potential for China to emerge as Asia’s premier payroll processing center.
China Briefing is published by Asia Briefing, a subsidiary of Dezan Shira & Associates. We produce material for foreign investors throughout Asia, including ASEAN, India, Indonesia, Russia, the Silk Road, and Vietnam. For editorial matters please contact us here, and for a complimentary subscription to our products, please click here.
Dezan Shira & Associates is a full service practice in China, providing business intelligence, due diligence, legal, tax, IT, HR, payroll, and advisory services throughout the China and Asian region. For assistance with China business issues or investments into China, please contact us at firstname.lastname@example.org or visit us at www.dezshira.com
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.
This Dezan Shira & Associates 2017 China guide provides a comprehensive background and details of all aspects of setting up and operating an American business in China, including due diligence and compliance issues, IP protection, corporate establishment options, calculating tax liabilities, as well as discussing on-going operational issues such as managing bookkeeping, accounts, banking, HR, Payroll, annual license renewals, audit, FCPA compliance and consolidation with US standards and Head Office reporting.
In this issue of China Briefing magazine, we lay out the challenges presented by China’s payroll landscape, including its peculiar Dang An and Hu Kou systems. We then explore how companies of all sizes are leveraging IT-enabled solutions to meet their HR and payroll needs, and why outsourcing payroll is the answer for certain company structures. Finally, we consider the potential for China to emerge as Asia’s premier payroll processing center.