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COVID 19
SALARY EXPENSES – CHALLENGES AND SOLUTIONS

COVID 19
SALARY EXPENSES – CHALLENGES AND SOLUTIONS

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Salary expenses - Challenges and solution | COVID-19

Due to the impact of COVID 19 pandemic, businesses are faced with maintaining cash flow, jobs, and salary expenses. The first priority is retaining jobs and incomes for each employee, but there are plenty of solutions in order to downsize the labor and salary expenses costs that the CEO is forced to consider,  such as job stoppage, suspension labor contract, contract termination labor contract …

  1. Suspension pay shall be considered based on the causes of work suspension (at the employer’s or employee’s fault or for an objective reason). If it’s employee’s fault, he/she is not entitled to payment of wage. If the fault is from the employer, the employee is entitled to payment of the full wage;
  2. Due to the COVID 19 pandemic, the wage for work suspension must be agreed by two parties but must not be lower than the regional minimum wage stipulated by the Government.
  3. Due to the affection of COVID 19 pandemic, production needs are not provided enough for employee to work. Employers may temporarily assign an employee to perform a job which is not stated in the labor contract. However, the assignment does not exceed 60 accumulated workdays within one year, unless otherwise agreed by the employee. The employer shall inform the employee at least 3 working days in advance. If the wage for the new job is lower than the previous wage, he/she is entitled to the previous wage for 30 working days. The wage for the new job must be at least 85% of the previous wage but not lower than the regional minimum wage stipulated by the Government.
  4. Enterprises may suspend a labor contract temporarily with employee as agreed upon by the two parties. The temporary suspension of the labor contract shall be made in an agreement which must contain period of suspension: the start time and the end time of the suspension period; Within 15 days after the date of expiration of the employment contract suspension, the employee must be present at the workplace and the employer must reinstate the employee.
  5. As a result of this pandemic, the enterprises, though having applied every remedial measure, has to scale down production and cut jobs. The employers have a right to unilaterally terminate labor contracts. Nevertheless, this termination must be informed to employees by employers in advance.

For having the above incentives and supports, each business needs to meet specific conditions and records. VIVA provides free support to businesses affected by the relevant procedures to apply these new rules and policies.

In addition, VIVA experts are always ready to consult about your cases and situations with our real-time experiences and professional in business law – tax and accounting – labor and salary expenses – corporate finance – office administration, etc. Free online and helpful solutions for entrepreneurs.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services,  VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

 

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