Check our professional price listing. (Prague) to be able to construct a coherent index and ranking. only $49 USD. Lloyds TSB International, the Markets Research division of Deutsche Bank, and HSBC studies. the World Bank, and Eurostat. Effective for over 10 years, many companies in Hong Kong are still unaware of the requirements of the Employment (Amendment) Ordinance 2007. This is rock solid data that you can trust. should only be available for cities on which we have data that our statistical model and algorithms show to be and abundance of prices for all the items used in the cost-of-living basket Top 5 Things to Note About Employment Contracts in Hong Kong, Redundancy Laws in Hong Kong – What Employers Need to Know, 2020 Legislation Updates & Stimulus Measures Comparison Chart, HR Leaders Should Know the Difference Between PEO & EOR, Top 5 people metrics you need to be a great HR business partner, Build Up Your Team the Way You’d Build a Jigsaw Puzzle, How to Prepare the Handover? are available in this section. I’ll definitely be recommending the site to my friends when they look to move back to NZ!”. free version of Expatistan. Annual Salary After Tax Calculator | Privacy policy, Our data is regularly used by the most demanding companies and organizations, in economic textbooks, and in general media as a primary source.` To avoid understating the average wage, the day where no salary is paid, or only partial amount is paid, should be excluded from the calculation. No, all the salary calculations are paid. The 12-month average wages is applicable to all employees covered by the Labour Ordinance regardless of how they’re rated (monthly, daily, or piece rated). clean and aggregate. The result are up to date and comprehensive salary calculations. Not necessarily. However, the free version does not calculate the This website, including your account and payment pages, is protected by SSL encryption. a collaborative database of prices that is constantly updated and improved. Effortlessly formulate the Average Wage with integrated payroll solutions by utilising the attendance records to calculate the Average Wage. these salary calculations is used to power the analysis and tools of, among others, We take the accuracy and reliability of our salary calculations very seriously, We currently hold data for more than 3,000 cities. At the end of the day, we have more up-to-date, more abundant data than Mercer and AIRINC, but unlike them we do not In short, the paid calculations make use of a better and more reliable methodology to compare cities With this figure, the employers can then calculate the pay due. 50% of basic pay) at $1,500, 15 days of study leave with half pay at $1,500. In order to avoid deflating the amount due for the statutory entitlement, periods where the employee is not paid the full wages or any wages should be excluded. which we compile and aggregate on Expatistan.com. The equivalent salary that you'll need in Hong Kong to keep the standard of living that you are used to in your city. 1. wages (including rate of wages, overtime rate and any allowance, whether calculated by piece, job, hour, day, week or otherwise); 2. wage period; 3. length of notice required to terminate the contract; and 4. if the employee is entitled to an end of year payment, the end of … You will know exactly how much more (or less) money you will need in Hong Kong to should get a salary calculation from this page. According to Employment Ordinance, the following should be excluded: Otherwise, all renumerations, including allowance and bonus, are classified as "wage" no matter how they are calculated. “The calculation I bought was very accurate to the real cost of living in Barcelona. Here’s a concise guide around the calculation of the 12-month average wage as instructed in the 713 Ordinance. usually create additional differences in the comparisons. Select a tax calculator from the list below that matches how you get paid or how your salary package is detailed. http://www.labour.gov.hk/eng/public/wcp/GuideEAO2007.pdf, http://www.labour.gov.hk/eng/public/wcp/ConciseGuide/Appendix1.pdf, Allowance for accomodation, education, food, etc, Employer's contribution to retirement scheme, Commission or bonus payable at company's discrection, Travel allowance which is non-recurring in nature, Payment to employees to defray their incurred expense, End-of-year payment which is defined as payable only at company's discretion. Our salary calculations are primarily based on the largest database of prices in the world, Not properly calculating and reinstating employees may result in expensive penalties such as having to pay a further sum amounting to 3 times the employee’s average monthly wages. We use both PayPal and Braintree as our payment processors. free comparisons from the main Expatistan website) we make the comparisons not directly but via a third city The equivalent salary that you'll need in Hong Kong to keep the standard of living that you are used to in your city. salary calculations There are many professional HR outsourcing services in Hong Kong that can help you take care of your payroll needs. 12-Month Average Rate = [(12-Month Total Wage) - (Wages to be Excluded)], divided by [(Number of Days in the 12-month Period) - (Number of Days to be Excluded]. Get started by downloading a 100% free sample calculation. prices themselves in the and we only generate salary calculations for those cities on which we have truly abundant, The calculation that you will get combines the biggest cost-of-living database in the world (which we run ourselves) and public data sources, such as the United Nations, the World Bank, the OECD and Eurostat. Regularly, the 12 month period will be calculated as follows. Even better, you will be able to explain and justify your salary requirements during your negotiation. directly and they use an improved dataset compared with the free comparisons available in Expatistan. When’s the last time you had a payroll healthy check. Backatage is your foundation towards better HR management. All orders are processed exclusively through our payment processors' secure gateways, and at no moment do any of The end results are up-to-date, reliable, and comprehensive salary calculations on cost-of-living differences and net income equivalences. version of the salary calculations for Consider outsourcing your payroll! At the moment, we offer paid salary calculations for 201 cities. reliable beyond a doubt. Includes graphs, sample prices, and key statistical parameters. You can always use the download include extra graphs, sample prices, or statistical parameters. Those savings are also reflected in the price. Professional formatting and reliable presentation, allowing you to use the printed calculation in your negotiations. The price of a full salary calculation is For only $49 USD you will know the salary you need in Hong Kong to maintain your current standard of living after you move. Want to receive latest updates on HR information? The number of months included in the calculation. If over-time payment is constant in nature or if the monthly average over-time payment is not less than 20% of the average wage, then over-time payment has to be included in the calculation of average wage. our free version, but we feel that our paid This needs a big staff that they need to pay for. Yes. salary calculations use as one of the inputs the same data that you can explore for free in Expatistan, HR Guide pages will be updated continuously and become your best reference at human resources regulations. | Website Disclaimer It is used to calculate the following statutory entitlements. Parking your payroll needs with a professional agency can also help minimise costs and streamline your function. We sell our salary calculations directly to you from the internet, without a sales consultant spending days or weeks Email us at frontdesk@linksinternational.com or get in touch with one of our local representatives today to learn more. When you buy your salary calculation, you will be getting a custom-made, downloadable PDF document showing you: .

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