Asia Employment, Pensions and Incentives Update March 2020

Our Asia Employment, Pensions and Incentives update this month looks at: our live webinar that discussed the continued impact of COVID-19 across the region and some of the challenges faced by businesses and organisations; In Indonesia, the proposals outlined in the draft Omnibus Bill on Job Creation, including among other things, widespread changes to termination … Read more

Compliance Check: China – Social Insurance Obligations

Under PRC law, employers are required to pay social insurance premiums for employees. The social insurance premiums cover basic endowment, medical, employment–related injury, unemployment and maternity insurance. Non-compliance with these requirements can result in administrative penalties, claims by employees and other measures taken by government authorities, and cause significant reputational damage. It was originally contemplated … Read more