In January 2008, China’s new labour contract law came into force. The result of this is that employing staff in China is becoming more and more complicated, even to a greater extent if you operate a nationwide business. There are regulations for wages that all have specific terms, which consider creating mandatory welfare payments along with an employee’s education level, that are themselves regionally dependent.
In addition to this, the Chinese government tends to revise minimum wage levels and welfare on an annual basis, creating more change within the system. In light of the new labour law, demand for professional, in-country payroll services is growing. Wesfo is here to help you with this need. We offer professional, quick and highly reliable accounting practices to take away the stress of following payroll regulation and allowing you to focus on sales and growth.