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Summer slows down as wages tick up

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NEW AND NOTEWORTHY: Main Street wages continued to rise in August, despite salary cuts across big industries like technology and transportation , showing that small businesses are still battling the labor shortage. 23 baselines) 3 Hospitality includes tourism and hotel/lodging businesses. 22, and Jan. ‘23 23); N = 666 (Apr. ‘23);

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Guide to Hiring Employees in Botswana

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Minimum Wage and Remuneration: Botswana has established a minimum wage to ensure fair compensation for workers. Employees engaged in overtime are entitled to additional compensation or time off in lieu, as stipulated by the country’s labor laws.

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Guide to Hiring Employees in Azerbaijan

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Overtime work is subject to additional compensation, usually at a higher rate than regular hours. Employee Benefits and Compensation in Azerbaijan Employee benefits and compensation in Azerbaijan are evolving to meet the demands of a growing economy and a competitive job market.

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Guide to Hiring Employees in Estonia

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Overtime work is regulated by law, and employers must ensure that employees are compensated appropriately for any additional hours worked. The maximum allowable overtime hours and the rate of compensation are stipulated by law, and adherence to these regulations is mandatory.

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Guide to Hiring Employees in Mongolia

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However, the country’s economy has been steadily growing, driven primarily by mining, agriculture, and tourism sectors. These contracts should clearly outline the terms and conditions of employment, including job responsibilities, working hours, compensation, benefits, and termination procedures. million people as of 2021.

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Guide to Hiring Employees in Portugal

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Employers should be familiar with regulations regarding overtime, as any work beyond the standard hours is subject to additional compensation. Minimum Wage and Compensation Portugal sets a national minimum wage that employers must adhere to. Value Added Tax (VAT): Portugal applies a standard VAT rate of 23% on most goods and services.

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Guide to Hiring Employees in Ecuador

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These contracts outline the scope of work, duration, and compensation associated with the project. Industries such as tourism, agriculture, and retail often rely on seasonal contracts to manage workload fluctuations during peak seasons. Once the project is completed or the task is fulfilled, the contract terminates automatically.

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