Hiring In Asia – 5 Things To Know For Employers

jan-10-19-8393-wef-mobility-crucial-to-solving-technology-led-jobs-crisis_7226_t12We’ve made a list of five things to know when hiring in Asia so your operations can be as smooth as possible:

1. Asia-Pacific is a massive region with a mix of developed and developing economies that do not have similar regulations YET (see 3 below).

2. The advantage of hiring employees and expats in the Asia-Pacific region is that it has the lowest employer contribution rates, therein lowering the cost of employment.

3. The Asia-Pacific region, especially the ASEAN bloc, is trying to harmonize their labor regulations to come together as a single market.

4. Be compliant!

5. Test your target Asian country first before creating a foreign subsidiary.

This article was published here