NewsCase StudiesEvents

Budgeting for 2016 HR Cost

Also in the news...

Countering sanctions evasion: guidance for freight and shipping

For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.

International Compliance Tips for Entrepreneurs Going Global

While expanding across borders can accelerate business growth, it also raises the stakes when it comes to staying legally compliant.

Cutting Administrative Burdens When Trading Abroad

From customs declarations to inventory tracking across borders, the paperwork and compliance requirements can quickly become overwhelming for growing companies.

Temporary agreement between the Swiss Confederation (Switzerland) and the UK on services mobility

Temporary agreement documents and the exchanges of notes extending the agreement.

Decision. UK-Central America committee documents

Decisions, documents and meeting minutes from UK-Central America countries committees.

Budgeting for 2016 HR Cost

Back to News

When HR departments plan for the HR cost of 2016, they should consider the following issues:

  • The HR cost should at least include the gross salary and social security components as well as certain supplementary benefits such as commercial insurance and staff health check-up
  • The minimum wage would be adjusted in April every year in Shanghai as usual
  • The social insurance base would be increased in April 2016 in Shanghai
  • The housing fund base would be increased in July 2016 in Shanghai
  • How to improve staff benefits without increasing the HR cost, for example, by increasing the annual leave entitlement

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.