Last Piece of the Puzzle Falls into Place for Qantas

Many were quick to criticise in October 2011 when Qantas CEO Alan Joyce announced that he intended to ground the entire Qantas domestic fleet, lock out approximately 3000 employees, and leave potentially thousands of passengers stranded globally. As we know, this forced the Australian Government to take action in Fair Work Australia, which terminated Qantas’ lockout and the unions’ industrial action following an urgent hearing.

But as the Fair Work Commission (as it is now […]

By | January 14th, 2013 ||

Brazil: New Ruling Of Income Tax On Participation In Profit Or Results Of Companies

Employee Profit Sharing (PLR) is regulated by Law No. 10.101 of December 19, 2000. It is considered an integration instrument between Employers and Employees, and stimulates productivity, pursuant to Article 7, paragraph XI of the Brazilian Constitution.

The implementation of profit sharing to Employees requires the establishment of goals by the company, which shall be achieved in a certain period, in order to the Employees be eligible for the distribution of profits. Companies that distribute […]

By | January 10th, 2013 ||

Beijing Raises Monthly Minimum Wage To CNY1,400

On 28 December 2012 the Beijing Municipal Human Resource and Social Security Bureau issued an order to increase the statutory minimum wage from 1 January 2013.

Under the order the hourly and monthly minimum wages in Beijing are increased to CNY8.05 and CNY1,400 respectively. The above standards do not include items such as the night shift allowance, high/low temperature allowance, overtime pay payable to the employee, and the portion of social insurance and housing fund […]

By | January 8th, 2013 ||