BEN ESMAIL’s Post

📢 Big News for Workers in Poland! 🇵🇱💼 Starting July 1, 2024, Poland is set to increase its minimum wage to a groundbreaking level! Get ready for a significant boost to PLN 4,300 (approximately €980) per month before taxes. This marks a substantial hike of PLN 700 compared to the previous figure, empowering employees across the nation. 🚀 What This Means for You For workers, this adjustment is more than just numbers. It's about enhanced financial security, better living standards, and a positive signal for the economy. Whether you're in Warsaw, Krakow, or any corner of Poland, this uplift in the minimum wage promises to make a tangible difference in your day-to-day life. 💶 The Bigger Picture With the conversion rate putting the new minimum wage at around €980, Poland is making strides towards aligning its economic conditions with European standards. This move not only benefits the local workforce but also enhances Poland's attractiveness as a destination for international talent and investment. 🔍 Looking Ahead As we navigate through 2024, the implications of this policy will unfold. It's a step towards reducing income disparity and fueling domestic consumption, potentially catalyzing further economic growth. 📊 For Employers and Business Owners It's crucial to prepare for this change, reassessing budget allocations and payroll structures. This increase in the minimum wage may necessitate adjustments in operational strategies to maintain competitiveness and financial health. 👇 #MinimumWage #Poland #EconomicGrowth #WorkforceDevelopment

Adapting to the New Work Hour Standards in Colombia: With the reduction in minimum working hours in tranches, effective July 15, 2023, it is time to rethink workforce management. How is your organization managing this shift? Learn more in our latest global regulatory updates.

Adapting to the New Work Hour Standards in Colombia: With the reduction in minimum working hours in tranches, effective July 15, 2023, it is time to rethink workforce management. How is your organization managing this shift? Learn more in our latest global regulatory updates.

  As of March 1, rules governing the employment of foreigners in Flanders will change. Flanders has introduced several new provisions, including a longer list of business trip exemptions, the possibility to take up flexi-jobs for foreign workers already working in Belgium, and additional grounds for refusal and withdrawal of work authorizations – mainly linked to respect of social and tax law obligations. The amendment also implements the revised EU Blue Card Directive, allowing foreign workers to change employer after 1 year of employment (currently only allowed after 2 years), increasing of the salary threshold and easing the eligibility criteria. The changes will be implemented upon adoption of the federal legislation.   We also expect upcoming changes in the Walloon region, such as introduction of a lower salary threshold for highly-skilled professionals under age of 30. Deloitte is closely following and will provide additional updates in advance of the adoption of the additional new rules. More details will follow shortly.

iiPay's Singapore Spotlight 🇸🇬 From progressive income tax rates to CPF updates and minimum wage insights, our expertise ensures you stay ahead in managing global payroll complexities. Stay informed, stay compliant with iiPay. 🌐 #GlobalPayroll #SingaporeSpotlight

Bonus time: 84% of Singapore employers plan to award bonuses of 1 month or more for 2023/2024. Employers in Transport, Automotive & Logistic are the most generous -- 97% plan to give bonuses of 1 month or more. Learn how much bonuses other sectors are getting in ManpowerGroup's latest #EmploymentOutlookSurvey report ➡️ https://lnkd.in/gPx4aDB #HRInsights #Payday #MEOS

🧮 Full breakdown: here's how to calculate payroll taxes in Portugal Everything starts with employees’ onboarding. So, here’s a general process on how to do the math: ✅ Step 1: gather all your team’s data and documentation in one place (it can be an all-in-one platform). Then, ask yourself: is the whole squad settled in Portugal? Does anyone have Visas or residence permits? Is the documentation updated? ✅ Step 2: collect the total number of hours worked by each employee, in case you use a timesheet system. If more flexible, consider that agreed system. ✅ Step 3: calculate each person’s gross salary based on the hourly rate (if any) or your agreed system. To make the process easier, calculate it online to know the full employment costs in Portugal (without hidden fees). You can use this calculator for that: https://hubs.la/Q02r2TjD0. ✅ Step 4: invoice each payslip and make sure you withhold the respective taxes (Personal Income Tax and Social Security). Send each to the respective employees. DM us if you need help with your payroll 😉 #Payroll #PayrollInPortugal #EmployInPortugal #PayrollTaxes #Calculator

The latest edition of the #GlobalRewardServices newsletter discusses updates to tax withholding obligations for non-resident employers in South Africa, next day deposit challenges for US payroll, multi-year sourced compensation for FICA purposes and many more updates from China, Hong Kong, India, Indonesia, Japan, and Europe. If you have limited time skip to KPMG's observations for a synopsis of the issue and what you should consider. Read now. #Compensation #Global Equity

The latest edition of the #GlobalRewardServices newsletter discusses updates to tax withholding obligations for non-resident employers in South Africa, next day deposit challenges for US payroll, multi-year sourced compensation for FICA purposes and many more updates from China, Hong Kong, India, Indonesia, Japan, and Europe. If you have limited time skip to KPMG's observations for a synopsis of the issue and what you should consider. Read now. #Compensation #Global Equity

The latest edition of the #GlobalRewardServices newsletter discusses updates to tax withholding obligations for non-resident employers in South Africa, next day deposit challenges for US payroll, multi-year sourced compensation for FICA purposes and many more updates from China, Hong Kong, India, Indonesia, Japan, and Europe. If you have limited time skip to KPMG's observations for a synopsis of the issue and what you should consider. Read now. #Compensation #Global Equity