APAC is an exciting destination for business growth opportunities, but it can also be extremely daunting to understand and manoeuvre around the different cultures, laws and growth rates. Human Resources Online reports that one of the common challenges is considered to be labour laws – “setting up processes to manage hiring, firing and paying employees”. The article goes on to inform about the comparisons in employment benefits (such as 13-month salary and pension provision) and ranking of the most and least complex APAC locations to set up shop.
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When looking into the causes of complexity, four key themes emerged in the research: Local rules, regulations and penalty systems. Frequent change in legislation. Managing accounting and tax. Setting up processes to manage hiring, firing and paying employees.