Asia Briefing Releases New Guide: Human Resources and Payroll in China
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.
The first chapter of this guide focuses on the recruitment process in China. While the overall process for hiring people in China does not differ much from elsewhere in the world, there are a number of points that require special attention. The rest of the guide has been designed to cover the most important issues relating to managing a Chinese workforce in enough detail to satisfy the requirements and curiosity of most managers either working in China or involved in HR from the headquarters abroad.
Chinese law places significant obligations on employers to remain legally compliant in labor matters. In this guide, we also address the major issues in managing employment relationships in China.
Included in this guide:
- Recruiting Professionals
- Hiring Staff
- Handling Payroll
- Managing the Employment Relationship
- Terminating the Employment Relationship
- Arranging for Visas
Within these topics, we address labor contracts, company rulebooks, salary packages, social insurance contributions, special circumstances for employees (extended sickness or pregnancy), termination and severance pay, and visas for foreign staff and Chinese staff being sent to work abroad.
“Human Resources and Payroll in China (Third Edition)” is out now and immediately available as a PDF download on the Asia Briefing Bookstore.
This publication is based on the knowledge of Dezan Shira & Associates, a specialist foreign direct investment practice providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.
Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States. Dezan Shira & Associates’ experienced business professionals are committed to improving the understanding and transparency of investing in emerging Asia.
You can stay up to date with the latest business and investment trends across China by subscribing to The China Advantage, our complimentary update service featuring news, commentary, guides, and multimedia resources.
Social Insurance and Payroll
In this issue, we take a “back to basics” approach to China’s mandatory benefits. Where, exactly, is that extra 35-40 percent on top of an employee’s salary going? What are social insurance contribution rates, base amounts, and tax exemptions? How does all of this figure into the payroll process? We next look at mandatory benefits as a piece of the larger payroll puzzle, with highlights on two very China-specific pieces: FESCOs and hukou, China’s “domestic passport.”
An Introduction to Doing Business in China
Asia Briefing, in cooperation with its parent firm Dezan Shira & Associates, has just released this 40-page report introducing everything that a foreign investor should be familiar with when establishing and operating a business in China.
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