For small and medium-sized enterprises (SMEs), managing payroll in-house might seem like a cost-saving move. However, without proper expertise, manual payroll processing can lead to serious payroll mistakes — ones that are not only expensive but also affect employee morale and business compliance. Here are five of the most common (and costly) payroll errors businesses…
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Seeking for optimal HR Payroll solutions is one of the most critical yet complex tasks for small and medium-sized enterprises (SMEs). Late salary payments and payroll errors can severely impact employee satisfaction, company reputation, and even regulatory compliance. However, many SMEs struggle with payroll due to a lack of expertise in HR management and constantly…
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Introduction The payroll staffing trend in Vietnam emerged from the practical needs of businesses, particularly in the early 2000s, when waves of foreign investment began flowing into the country. To help businesses streamline workforce management and comply with local labor laws, HR outsourcing services specializing in employee leasing and payroll management were established to provide…
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Mastering Payroll System Setup: Why Expert Support Matters for Your Business Setting up your first payroll system can feel overwhelming, especially if you’re unsure where to begin. Investing in payroll software is a significant step toward streamlining operations — but without the right setup, even the best systems may not deliver the efficiency and compliance…
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In the evolving landscape of employment law in Vietnam, it is crucial for both employers and employees to understand the nuances of different types of compensation. Two significant forms of financial support that often come into play when employment contracts terminate are severance pay and job-loss allowance. Although some people use these terms interchangeably, they…
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Introduction Post-Tet turnover is a common phenomenon in Vietnam, where many employees choose to leave their jobs shortly after the Lunar New Year (Tet) holiday. This period of employee transitions can be disruptive for businesses, as key staff members may depart, leading to operational challenges. Understanding the causes of this turnover and implementing strategies to…
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The Vietnamese government has implemented a value-added tax (VAT) reduction policy under Decree No. 180/2024/ND-CP, issued in line with National Assembly Resolution No. 174/2024/QH15. The policy takes effect from January 1, 2025, and will remain valid until June 30, 2025.
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Introduction Vietnamese Lunar New Year, or Tết Nguyên Đán (“Tet”), is the most significant holiday in Vietnam, marking the arrival of spring and a time for family reunions, celebration, and renewal. Rooted deeply in Vietnamese culture, Tet symbolizes a fresh start, with its traditions reflecting values such as gratitude, togetherness, and good fortune. For corporations…
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Introduction The end and beginning of the year are pivotal moments for HR Administration, as these periods require meticulous planning and reporting. Human Resources (HR) teams face a heavy workload, as they not only close out the current year but also lay the groundwork for the coming year. These tasks ensure that businesses remain compliant…
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The Significance of Tet in the Workplace The Tet holiday, or Vietnamese Lunar New Year, is the most important cultural event in Vietnam. It marks a time for family reunions and new beginnings, and for employees, it’s a period when financial stability is crucial. Businesses across the country face unique HR challenges and opportunities during…
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