The cost structure and pricing for basic payroll depends on factors such as how you want to pay employees and in how many states your company operates. The benefit of this is that most businesses can find a service that fits their budgets.
Payroll providers often offer multiple service plans with different features and services. This gives you the ability to find a plan that fits your budget and needs.
When it comes to running payroll, you know there's a whole process that goes into it. You need to determine your employees'hours worked, do some calculations, and give out wages. And, you must give yourself ample time to ensure employees receive said wages on payday. So, how long does payroll take to process?
China's social security system constitutes five different types of insurance and contributions to the mandatory housing fund. China Payroll explains how social security in China is calculated, what are employer obligations, and how it impacts foreign workers.
Like many areas, China has many restrictions related to the establishment of a bank account for a foreigner. Many foreigners find this process time-consuming and cumbersome. This process often entails having to provide detailed documentation to local banks and proof of the source of funds.
Business registration in China is complex if you are unfamiliar with Chinese regulations and the requirements of different authorities. This generally results in many foreign businessmen bypassing it completely and starting to do business directly.
In 2022 China Payroll as local HR experts in each city will assist foreign companies in addressing challenges during employment in China by expanding service coverage to more than 400 cities in China, covering the majority of the country's tier 1, tier 2, and tier 3 cities.
Once you have made the decision to expand your business and begin hiring in China, you need to carefully consider the best way of hiring employees in China. This means thinking about unique Chinese cultural considerations, how the interview process works, how to recruit the best local talent and how to ensure full compliance with China’s employment laws.
When considering the total cost of hiring employees in China, employers should first determine the gross salary using fair compensation for similar work in the designated city. Factoring in the various additional costs borne by the employer – such as mandatory social security benefits – and other voluntary benefits, employers can then begin to see the total cost of hiring employees in China.
As a experienced angency in recruitment in China, China Payroll connects your business to China talent across all industry verticals. We customize a recruitment strategy that aligns with your expansion objectives and help you to source, hire, and onboard your workforce in multiple cities in China.
China Work Visa
After applying for the work visa in your home country, you will be required to travel to China within 30 days. In a span of 15 days, the employee and the employer need to submit an application to the local labor and social security bureau to proceed and apply for the employment/work permit, which takes three days. One must get the work permit approved within 30 days of entering China. After that, it takes at least 4-6 weeks to secure the issued work permit.
The fees for the application and the issuance of a China work visa may differ according to your home country. It can cost approximately 1,000 to 1,500 CNY. The China work permit fees may also vary according to how fast you want it to be processed and whether you wish to apply in person or via mail.
Following is a list of all the documents you will need to see you through this entire China visa application process. Not every document is needed at every step, however, so we’ll detail when you should have what ready.
A virtual office is a service that enables employees and business owners to work remotely by providing a range of business functions accessible through the internet. It also enables organisations to create and maintain a presence in a desirable location without the need to pay rent for an actual space.
Virtual offices come with various benefits that you may be able to enjoy. This includes, but is not limited to the following: