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How Companies Can Prepare For The Payroll of the Future?
A quickly influencing world has broad ramifications for payroll services Switzerland. Computerized and social interruption are on a very basic level changing all parts of an organization's business. Conventional payroll administration and conveyance is no exemption: globalization, expanded regulation and the sped up progressions of computerized innovation are among the most grating powers pushing worldwide and worldwide associations to reconsider their payroll activities. The pandemic has likewise brought worldwide payroll business coherence intending to the bleeding edge.
Many organizations are trying to grow their worldwide impression to pursue new income streams. This has payroll suggestions that organizations need to consider as a component of any exploratory interaction. As organizations become more worldwide, the requirement for more prominent consistence, more grounded risk administration and normalization across wards turns out to be more intense.
In the interim, regulation all over the planet becomes progressively divided and complex. This is additionally exacerbated by the quantity of Coronavirus related regulation: work-time decrease, constrained leave, arrival of transient workers for hire or vacation. Legislatures fighting with a powerful coincidence of declining incomes and increasing expenses of maturing populaces are seeking after additional hearty method for payroll charge assortment, because of the advances of computerized innovations. Computerized advances additionally lie behind the position by states for more noteworthy administrative straightforwardness of individual information assortment and more noteworthy examination of information security insurance.
A portion of these patterns are examined underneath, with a specific spotlight on business congruity arranging being the foundation for opening payroll change.
Opening payroll change
Worldwide development implies focusing on payroll prior
With cut outs, everything unquestionably revolves around speed and timing. A cut out is consistently a fragile second for an organization and its representatives. Risk relief and business progression are fundamental. Organizations need to figure out what a the very first moment activity would resemble, what is reachable and what can be better finished from now on. While extending worldwide impressions, through exchanges or opening in new business sectors, guaranteeing there is a compelling payroll structure from the very first moment is of most extreme significance.
The changing labor force is interfacing payroll and versatility closer than any time in recent memory
As the labor force gets progressively more familiar to versatile working from various areas (either on long haul tasks or momentary business travel), portability checks out at the expense ramifications of this pattern. While dealing with a versatile labor force, organizations frequently have various providers for portability and payroll, and they wind up trapped in the center planning between them. Overcoming this issue is fundamental to oversee consistence and chance, and to increment proficiency.
Computerized advances will drive the following rush of payroll tasks
Computerized advances are setting out both open doors and difficulties inside associations. Progresses in outsider payroll applications are making associations reevaluate their payroll climate as they are being compelled to create some distance from heritage on-premise frameworks and towards a cloud-based model. Simultaneously, progresses in advanced mechanics process computerization (RPA), web of things (IoT), man-made consciousness (simulated intelligence), chatbots and blockchain, among others, are empowering payroll capabilities to robotize redundant cycles that have generally consumed extensive time and assets.
Business congruity plans (BCPs) should be more powerful
Solid BCPs can mean the distinction between workers being paid on time, accurately or not by any stretch of the imagination. Did your merchant confront the test? Presently like never before, powerful business congruity plans are required: individuals, innovation and cycles. Evaluating your payroll business as usual and thoroughly considering all the coherence situations is certainly not a simple undertaking.
Beneath, seven regions to consider are framed for organizations to evaluate payroll risk openness and business congruity availability. Guaranteeing an unambiguous response for each will assist with building a more grounded, stronger payroll capability.
Payroll business congruity arranging
Seven regions to consider with regards to payroll business congruity arranging
Payroll association
Who is answerable for performing payroll exercises in every area?
What are the vital exercises and how are they performed?
Are there viable BCPs set up for all areas, either in-house or outsider providers?
Staff accessibility and ability
Which level of payroll staff or their immediate relatives may be impacted?
What is the expected effect in instances of restricted staff accessibility while thinking about care liabilities?
Has additional time been considered into working courses of action?
How might you guarantee your payroll staff are satisfactorily qualified, and consistently prepared and informed on new guidelines and advancements?
Telecommuting courses of action
Are the vital HR (HR), payroll and money faculty accurately prepared to telecommute, for example utilization of a PC, web with sufficient transmission capacity, remote admittance to key applications, an extra screen where essential, and so on.?
Does the home working situation represent information privacy?
Is the workplace reasonable?
IT foundation
What are the critical specialized weaknesses or shortcomings?
Are HR/payroll source frameworks (from a distance) open?
Could all payroll inputs be gotten on time?
Is the IT foundation secure?
Actual cycles
What actual cycles exist in the payroll esteem chain (like actual filings, signings)?
On account of restricted or no actual access, how might influences be moderated?
Admittance to payroll information
Are last month's installment documents, pay-slips, pay register and general record documents promptly accessible?
Is (remote) access ensured and got?
Delivering bank installments
Is (remote) access ensured to deliver bank installments?
What is the interaction for approving remarkable installment methodology?
Payroll business congruity is basic
Considering and surveying the seven regions framed above is just a beginning stage with regards areas of strength for to BCPs. At the point when workers makes the biggest difference, guaranteeing the coherence of worldwide payroll is principal.
Payroll experts, frequently working discreetly behind the scenes, are exploring remarkable times. A solid payroll BCP could be the contrast between representatives being paid on time, accurately or even by any stretch of the imagination.
Last considerations
Generally speaking, we expect that the technique and conveyance of payroll will proceed to develop and move to oblige the worldwide progression and development that numerous associations are encountering today. A versatile, consistent, worldwide and lithe payroll capability is required now like never before.
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payroll provider Switzerland, international payroll services, global payroll providers
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We provide the best global international payroll services in the payroll area. Mercans is a global leader in payroll technology for certain services.
#international payroll services#global payroll providers#payroll provider switzerland#payroll services switzerland
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payroll provider switzerland | Mercans
#payroll provider switzerland#payroll services switzerland#international payroll services#global payroll providers
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Information Technology Technical Recruiter
Adecco Middle East is inviting applications for a Tech-savvy Recruiter to take the next step in their career in a nmb growing, highly specialized World’s Top recruitment firm.
Job Title:
Tech-savvy Recruiter for Middle East Region
Exp level: 3-10 years
At least 2-3 in Staffing industry for Middle East region
Job Location: Bengaluru
Salary: Open for Discussion
Position: 5
Description
We are looking for a Recruiter to support our recruiting process from start to finish for Middle East region. He/she would be responsible for meet hiring goals by filling open positions with talented and qualified candidates. This entails sourcing and screening candidates, coordinating the interview process, and facilitating offers and employment negotiations, all while ensuring candidates have a pleasant experience.
His/her responsibilities include posting jobs ads, doing initial screenings and scheduling interviews. You’ll assist other recruiters, hiring teams and candidates so the hiring process can run smoothly. Ultimately, you’ll help our company find and hire the most qualified people for our open roles.
If you’re enthusiastic about the world of recruiting, tech-savvy and an excellent communicator, we’d like to meet you.
Roles & Responsibilities
3-5 years of proven work experience as a Technology Recruiter
Familiarity with the entire recruitment lifecycle
Tech-savvy
Ability to juggle multiple calendars
Problem-solving aptitude & critical-thinking skills
Post job ads on professional sites, job sites and social media
Participate in candidate sourcing efforts
Assist teams in screening resumes
Conduct initial phone screens
Schedule calls and interviews
Manage calendar for all hiring teams and candidates
Communicate with candidates promptly and assist them when they come in for interviews
Use recruiting software to keep track of open roles
Send out all bulk email (e.g. confirming receipt of applications, rejection emails) and handle paperwork (e.g. offer letters)
Coordinate drug tests and background checks
Participate in recruiting events
Promote positive candidate experience throughout the hiring process
If you are interested in this position, please click the APPLY NOW button for immediate employment consideration. We regret that due to volume of response, we can only contact initial successful applicants. If you have not heard from us within 7 days, then your application has been unsuccessful.
Adecco Middle East is an Equal Opportunities Employer based in Dubai and Abu Dhabi and offers HR solutions for Permanent Recruitment, Emiratization, Executive Search, IT Outsourcing, Temporary Staffing, Visa and Payrolling, PRO services, Adecco Onsite, Assessment Center and Global Mobility business. The Adecco Group is a Fortune Global 500 company headquartered in Zurich, Switzerland and powered by nine global brands: Adecco, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional and Vettery.
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BUILDING UP A FOREIGN TRADE ACTIVITY IS PRECEDED BY BUILDING UP A BUSINESS
picture: modern lace worker, Brussels
Introduction
I have written this text to share it with my postgraduate students from the VUB. They start a year of International Trade and Investment full of courage from various nationalities and from various study backgrounds. They do this with a great deal of diligence and dedication but often find that they do not master the premises: the fact that the course deals with doing business, producing, trading, buying and selling. For many of them, who are at the start of a professional life, even the theoretical knowledge about this is lacking.
That is why I have decided, during an hour and a half, with many examples, to try and guide them in doing business.
1. Doing business
Doing business takes only three forms: it is either about producing something or about purchasing items and then reselling them, or about selling one’s own knowledge and skills to third parties. People sometimes need material for the latter, but they don't sell it. People only sell their workforce and intelligence. The latter are called services. Although they account for between 75% and 80% of the economic activities in most countries, in this article I will deliberately limit myself to agriculture and the manufacturing industry. Because in this presentation we want to end up at trading with foreign partners, and this is primarily about tangible products.
Two stories can support this:
The company F.E. T* 2011, 100 km from the Ukrainian capital Kiev has 2000 ha of land, which it owns partially and leases mostly (long lease 50 y). 80% of the farm’s turnover comes from traditional crops, such as wheat and corn. In order to make future oriented products, the farmer started to develop an entire line (30 items) of dairy products from goat milk, to yoghurt and kephir and even ice cream since 2016. Today the income of this activity line is good for 20% of the turnover. The farmer aims at reaching 50% over 5 years. The goats have been purchased in France and a breeding process started. They now have 1500 goats and intent to increase the amount to up to 3000 goats. They have a milk production capacity for up to 7000 l/day. They are at 2000 l/day. The equipment for milk treatment is Israeli, as well as the milk production supervisor. Cheese production equipment comes from France and Italy as well as their cheese making consultant. The ice cream consultant comes from Italy. The farmer goes yearly to a large goat fair Caprina in France where he learns about gear and equipment and meets potential consultants. This dairy line is a typical example of vertical integration. The production is entirely mastered by the farm from the breeding of goats, the collection and distillation of the milk, the production of the dairy products, the production of the bottles out of small plastic objects purchased in China, the bottling, the development of logo and packaging design, the packaging and the transportation to the retailers. Important is that the farm does and finances market research, developed its own brand Z*, as well as its own design with colour codes. They even intend to create in the future a second high-end brand. These steps enables them to grow organically and in a sustainable way. They declined until now to produce for private labels of retailers. Even with Auchan, with whom they negotiate now, they declined the private label production.
The company W* close to Chisinau in Moldova sells tractors and agricultural equipment from the brand C*, of which they have a dealership agreement during 3 years in Moldova. Before they had a dealership with the Italian M* G*. They also sell equipment from the Swedish brand V*. The company recently built new premises as rep office for C*. They built a state of the art show room and offices with workshop for repairing. The company also sells fertilisers and pesticides as well as seeds for crops. They don’t sell liquids but solid boxes. Their suppliers are BASF, Bayer, Pioneer for the seeds. They produce also seeds themselves (sunflowers).
Services companies are often related to ICT development. Until five years ago, ICT focused primarily on processes and their management. Because of our increasingly complex society, which demands more transparency, which requires faster and more thorough reporting, and which is monitored more and more, large companies have to manage such large volumes of data that they can use help for this. Data is becoming very important, now even more for large, say, listed companies. But medium-sized companies will suffer the same fate in the future. The engineers at the -nowadays “unicorn”- company C* in Brussels are active in data governance and in data stewardship. In this way they do not address the IT departments within a company, but rather the business people themselves.. There are 20 potential customers in Belgium. That is why they had resolutely gone international from the start. They are mainly talking to banks, insurance companies, pharmaceutical companies, etc. But also large governments, large public companies, universities.
2. Import and export
Import and export are often activities that go together in the same company. A company often needs products that are not present in its own country or that are present at too high a price or of poor quality. The company needs these products both to make its own products and to sell them to other customers. He will therefore have to import them. A company is sometimes approached at a trade fair or thanks to its website via e-mail by foreign companies who are convinced that they can use the semi-finished products or raw materials that our company produces in their own production process. In other circumstances our company finds a foreign-interested company at a trade fair that is convinced that there is a market for our company's products in its country and that it wants to sell it there.
3. Producing and selling products.
A company from the manufacturing industry needs raw materials or semi-finished products to make its own products. Depending on the type of quality that they wish to deliver, they must determine where they will purchase their raw materials. Are these present in the country itself or do they have to import them? They also need machines to manufacture their products. Depending on the quality that they are trying to deliver, on their financing options and on the number of staff they have at their disposal, they will purchase their machines, either abroad or domestically but often from abroad.
The company O* in Obuchov,Ukraine has machinery for 2 types of products: polyamide and cotton for women and children socks. They are the second producer in Ukraine. The cotton comes from Turkey, the polyamide from Italy, the elastane from Korea through Poland, the yarn from Italy.
The company D* in Chisinau, Moldova produces fiberglass mesh for construction, especially walls and insolation. It produces 1,2 M m²/month. Thanks to a new machine of the K* from Chemnitz they will be able to double their production to 2.5 M m²/month. They export 90% of his product to Romania, Bulgaria, Germany, Spain and Italy. The company has 100 staff members and is looking this to extend by recruiting 40 new staff members. They have difficulties to find qualified staff. The raw material comes by 80 % from Bielarus, by 20% % from Germany, Switzerland, Latvia and Poland.
4. Buying and selling products
This activity is often performed by a permanent sales representative in a region or a country. This person or company can be established as self-employed in the country (agent, shop / webshop), or can be established as a subsidiary of the foreign company (sales office, shop / webshop) with its own legal status. A representative on the payroll of the foreign company may also be located in the country: he may sell the products but the deal is concluded by the main house abroad and the invoice also comes from the main house. The company W* described above, also houses the rep office of the company for whom they do the sales in the Chisinau region.
Why are companies entering and selling products from abroad? There can be several reasons for this. It is possible that a specific type of machine or product is not produced on the local market because the size of the country is too small for it. It may also be that the importer can deliver in a cheaper way than the products already on the market. It may also be that the new products are much more sophisticated and can therefore make them work much more productively. It may also be that products have built up such a reputation or became a brand that is in demand throughout the world. This last one is the case for many fancy clothing brands like Gucci, Dolce & Gabbana, Dior etc.
Which products do companies offer abroad? That can be anything: from raw materials such as seeds for agriculture, yarns for textiles or fiberglass for construction, to semi-finished products such as fabrics for clothing, goats for milk and cheese production to finished products such as luxury clothing, refrigerators but also cooling installations for cold storage.
The company V* – Groups Ltd in Kiev, Ukraine is a trader. He buys cereals and looks for opportunities. He does business with Sri Lanka, Myanmar, India and many other countries. His warehouse capacity was insufficient and obsolete. He stocked on the ground floor. With a bank loan he has been able to construct 2 grain silos of 3,018 tons capacity each. The silos are erected close to a railway platform, thus avoiding logistical problems and damage to the goods. He found a new business opportunity with Sri Lanka for sale of split yellow peas and next requires an optical sorting machine.
5. The production or purchasing process and its financial aspects
A production company might purchase raw materials or semi-finished products from elsewhere. Before the production of their new product is finished, several weeks or months sometimes pass. And then the new product must still be put on the market, sold and the invoice must be paid. A company therefore needs a financial buffer: that is called working capital. Chocolate producers in Belgium and Switzerland who supply products for the Chinese New Year, which often takes place in February, start their production in September of the year before! Companies often purchase large quantities of raw materials at times when they are offered cheaply and stock them for later production. The same applies to a store: it purchases finished products to resell in the store. There is also a lead time of several days, weeks or months. Here, too, the store needs a buffer called working capital.
The company O* in Ukraine makes pavement tiles out of concrete with artistic top layers. They produce 300 different types of pavement in 60 different shapes. They also produce stone levelling machines of the brand W*. They have offices in Lviv, Ukraine but have their production is set-up 80 km further, where they have 4 separate plants. During winter season, because of the cold, the production is stopped. They received a loan from the bank over 3 year for working capital, since January 2017. The additionality of this loan type for O* is the tenor: 3 years’ working capital enables a company to plan strategically: buy raw material when prices are low and stock it in order to produce through a longer period. And also have a 5-month buffer stock in times of scarcity through political crisis. They have large storage capacities (70.000 tons) for as well raw as finished material.
But those companies also need machines for their production, storage areas, large stores for their sales, trucks for their transport, tractors to work their land. They purchase them or build them with a bank loan. The cost of that loan must be passed on in the selling price. These loans, which are usually of a longer duration, are called investment capital. A company can also invest with its own resources.
The company K* , a wine production company in Georgia specialises in making wines for the lower and medium segment, priced at USD 5 to 8 /bottle. 75% of its production goes to the former CIS countries, of which 50% to Russia, where they have a distributor with the necessary connections, the remainder goes to Ukraine, Belarus, Kazakhstan, Armenia. The final 25% goes to China, US and recently, the UK. In 2016 the company invested in new reservoir tanks, fermentation facilities, refrigerators, a steam generator and a filling & labelling line. The client received in total a loan from BoG. In 2017, the company reapplied for a second loan for land, construction, production facilities over 36 months. Additionally, they invested in health and safety procedures for the workers, environmental protection (by reducing ozone depleting substances), low voltage machinery, electromagnetic compatibility and in measures for materials that come in contact with food. Thanks to the investments the company increased its production volume from 4,6 m litres in 2016 to 6 m litres in 2017, an impressive 35% increase. In labelling and bottling they were able to increase production by 50%.
6. Access to finance
All research reports around the world reveal that access to finance is the aspect that most often blocks the growth of SMEs. Working capital is usually requested for relatively short periods, such as three, six or twelve months. However, the amounts required are often important. The duration of the loan for capital goods is longer: this depends on the price and durability of the good: a computer is outdated after 4 years, a car or light truck starts to show signs of wear after 5 years, machines will certainly be operational during 10 to 20 years, industrial buildings as well. But do the banks have any loans with this duration for all those terms?
A bank's assignment is simple and difficult at the same time. A bank collects money from people who can spare the cash for a certain period of time and gives a fee for this. In Western Europe and North America, this allowance has been peanuts for several years. In Eastern Europe, Africa, large parts of Asia and Latin America, this allowance is quite substantial. Yet most of these “savers” are wary of leaving their money with the banks for too long: they want to buy things with it, or they do not trust the monetary policy of their country and are always afraid of a devaluation of their currency. With the money that banks collect from citizens and companies, they finance loans. They earn their profit through the spread between the interest rate they give for the savings and the interest rate they charge for the credits. But it is difficult for them to grant 10-year loans if they can only collect one-year savings. Moreover, there are few citizens who put away savings for 20 years. The only ones that do that are the pension funds. But what if there aren't any in a country? Which is the case in many countries. The international financial institutions such as African Development Bank, Asian Development Bank, European Investment Bank and European Bank for Reconstruction and Development offer longer-term loans to local banks, that can then transfer them to their customers. Only: most of those loans are in dollars or euros. Again a problem. Because the citizens and companies of the country usually do not have repayment capacity in dollars or euros but in the local currency. And if that local currency is not stable and has a tendency to devalue frequently, local banks are not keen to withdraw long-term dollars or euro loans. Hedging is the only option that remains. Hedging is a type of contract that a bank concludes with a specialized institution to mitigate the risk of devaluation: the contract foresees the exchange rate of euro / dollar to the local currency at the time of repayment, even if the local currency has meanwhile been devalued. Hedging in this case can be considered as a type of insurance. And there are now some companies that also dare to hedge "exotic" currencies. The price ,for this insurance is important though: up to 7 % of the amount.
Banks also do not like to take risks. It is often the central bank of the country that obliges them to be very restrictive in giving loans. Because they have been confronted in the past with bad loans to large outdated government companies that were poorly managed and therefore worked with losses. Governments that have to bear such a burden then hit back with the blunt ax and prevent any loan that is not covered by collateral. Where all statistics indicate that lending to SMEs is much less risky!
Therefore: collateral. In many countries, the way collaterals can be offered to guarantee credit is limited to tangible assets: buildings, land, machines. Intangible assets like the company’s goodwill are not accepted. The valuation of the tangible assets is by law done by the Association of property evaluators. These experts apply the principle of “market value coverage”. Based upon their valuation the size of collateral is put by the bank. It mostly comes to 140% of the loan. Once a credit is taken, the bank declares it to the central credit reporting system. Based upon the regularity of the reimbursement a company is classified class 1, 2, 3 or 4. Class 1 is all payments are done on a regular basis. Class 2 is a company of which arrears were limited from 30 to 60 days. Companies with arrears of between 60 and 90 days are class 3. Companies with arrears of more than 90 days are sent to recovery as class 4. Recovery is compulsory and taken from the profit automatically and can therefore jeopardise the existence of the company. In certain cases the collateral will be sold without warning.
7. Difficulties to tackle
Managing a company goes further than ensuring that people and machines work, that stocks are replenished, that bills are paid and that sales run smoothly. There are constant obstacles that need to be overcome: the financial aspect, the transport aspect, the legal aspect and - once a company starts exporting - the political aspect.
7.1. The banking aspect
A company is practically obliged to work with a bank: it has to make payments and it often needs funds for working capital and for investments.
Payments go faster and smoother nowadays thanks to automation and now also thanks to fintech applications. There are payment cards and credit cards that allow customers to pay without cash and give the collecting company the assurance that the money will be in the account. There are international transaction systems such as SWIFT or the European IBAN that create uniformity between banks and countries and thereby make payment transactions run faster and more efficiently. The currency aspect remains a stumbling block. Although more and more currencies are freely exchangeable, there are still a lot of them that are not convertible. Contracts with companies from such countries are therefore often in USD, EUR or CNY. Banks that operate in those countries are not always considered reliable by the others and must therefore be patterned by an internationally respected confirming bank. There are even countries with which the US in particular are in conflict. They then oblige all banks in the world not to do transactions with banks from that country. Iran, Cuba and North Korea have been assigned such a fate. There are always solutions, but they are complicated and time-consuming.
We have already explained the credit aspect: the fact that in many countries long-term loans are far more the exception than the rule. The extravagant guarantees that are requested. The non-customer-oriented thinking of banks that only wait until a loan is repaid and have no eye for the growth of companies and the usefulness that these can have for the further development of a country. But also the positive role for SMEs that IFIs play such as African Development Bank, Asian Development Bank, European Investment Bank.
Last but not least is the interest charged on loans. In many countries, the interest rate is a double digit, and companies think this is freakish. Where do those freak interest rates come from? The Central Bank of a country offers its banks short-term loans to banks that need them to clear a deficit for one or a few days ("overnight" or tomorrow-next day = “tom-next”). The Central Bank itself is able to provide with these loans because it borrows money on the international money market and pays interest for that. The interest rate the central has to pay for that depends on the country's rating, which is the appreciation of the economy and the way a country makes economic progress. That appreciation is indicated depending on the rating agency with numbers and letters and reflects on the local currency. The lower those ratings are, the more risk premium a central bank has to pay on the international money market. She therefore passes on the risk premium to the local banks, which naturally also pass it on to their customers. Hence countries where the banks demand a double digit interest, when they provide with loans in local currency.
7.2. The transport system
Goods must reach the customer from the workplace. That requires transport. Road transport and train transport are usually the first choice for domestic transport. River transport is still very limited in Europe, is much more present in Asia. When it comes to transport to foreign destinations for import or export, the nature of the product - its weight, its durability, the urgency of the customer - determines the choice between truck, train, ship or plane. All these means of transport have their own international documents, luckily. International rules have also been worked out that determine who becomes the owner of the goods and when. These rules are called the Incoterms, and there are so 11 containing 3 letters each. There are RULES FOR EVERY TYPE OF TRANSPORTATION and there are RULES FOR OVERSEAS AND INLAND TRANSPORTATION BY VESSEL.
Import and export is also about customs and import duties to be paid. It is important to realize the value of customs zones such as the EU and free trade zones such as NAFTA, Mercosur, ECOWAS or ASEAN. The service provider that is most approached by companies to steer this aspect of transport in the right direction is the freight forwarder.
Transporting also entails risks: goods can be damaged or stolen, incidents such as harbor strikes can occur, so that perishable goods do not reach the customer in time. There are insurance policies for these types of problems, but they obviously cost and there is not always room to pass them on to the end customer.
7.3. The legal aspect
Trading within the same country offers few surprises once one knows the legal framework in which one operates. Foreign managers are often surprised that things are not treated in the same way everywhere. Anglo-Saxon legislation is based on a completely different approach than the European continental one. A contract based upon Anglo-Saxon law contains minimum 30 pages, a continental European one can be limited to three-four pages because everything is in the law. In the other continents, the laws were partly inspired by Americans and partly by Europeans. A treacherous aspect in the U.S. is, for example, the principle of litigation: one is going to provoke newcomers and then be able to sue them for not respecting the legislation.
A second aspect is the lack of certain pieces of legislation such as the law on bankruptcy, the law on pledging commercial goods, the law on claiming goods and objects, the mortgage legislation.
A third aspect is the independence of the courts. This is essential if the rule of law is to work objectively. But in many countries, judges are nationalistic, so a case brought to court by a foreign company, or where the foreign company needs to defend itself, is lost in advance.
7.4. The tax aspect
Taxes are the deepest expression of the deepest emotion of a country: there are hundreds and they take different aspects everywhere, even within a country. Brazil, the US and India are federal countries in which the states can collect taxes. And do so with pleasure. Informing yourself in advance is of the utmost importance because it can drastically influence the price worked out by consultants to the end consumer. And one must also know that the principle of VAT is not used all over the world, especially not in the US. Tax declarations are another aspect that one needs to check beforehand. In the US, certain spontaneous declarations are assumed, the consequences of a non-spontaneous declaration can be horrendous.
The last aspect that should be taken into account are the double taxation treaties. Thanks to this, a company only has to pay tax once, either in its home country or in the trading country. That is, for example, the reason why Belgian companies trade with China via Hong Kong.
7.5. The business development aspect
The Access to finance aspect has many consequences. Opportunities can pass because companies in a country have insufficient production capacity. This requires heavier and more efficient machines that cannot be purchased due to the lack of collateral.
The pharmaceutical production company I* in Cape Verde, Africa exported since 1995 to Angola and Mozambique. Those markets became too large and the company’s production capacity was unable to produce the required quantities based upon the governmental tenders they won. The quality is good, but the production capacity is not adapted to large markets.
The same goes for the printing sector in Rwanda, Africa who cannot fulfill orders to print packaging material on time because the local industry is unable to produce cardboard of the correct quality. All packaging cardboard has to be imported. And transportation over road in Africa is perilous and time consuming.
Another aspect that triggers problems is the cultural one. Our company I* in Cape Verde limits its export to Portuguese speaking countries, because otherwise they have to print several packaging types and product information, and they can’t stock it. Coca Cola has been active in China since 1995. That does not mean that the first years of the sales effort were a success. The Chinese were not used to drinking ice-cold drinks: their preference was for hot drinks. So it took Coca-Cola a lot of marketing effort to convince them that ice-cold drinks could quench their thirst. Eastern European wine producers from Romania, Bulgaria and Moldova have had to put a lot of effort into adapting their wines to Western European tastes. Eastern Europeans simply like semi-sweet wines and do not touch dry wines. In Western Europe, semi-sweet wines can only be sold to a very limited segment. It has therefore required a great deal of investment in new storage and maturing capacity (wooden or metal barrels) to produce specifically for Western Europe at a competitive price.
8. Geography and geopolitics
An International Trade and Investment student can be expected to find countries on a map. He can also be expected to realize that there are numerous free trade agreements between countries and groups of countries such as EU, NAFTA, Mercosur, ECOWAS, East-African Community, Association of Southeast Asian Nations (ASEAN countries).
While a customs union and a free trade area are similar in some ways, they are also different. A customs union represents a higher level of economic integration than a free trade area does. The key distinction between customs unions and free trade areas, however, involves their approach to non-treaty nations. While a customs union, by definition, requires all parties to the agreement to establish identical external tariffs with regard to trade with non-treaty nations (those nations that are not signatories to the agreement), members of a free trade area are free to establish whatever tariff rates with respect to foreign imports from non-signatory nations that they deem necessary or desirable. An example of a customs union is the Southern African Customs Union (SACU). An example of free trade area is the ASEAN Free Trade Area (AFTA). Members of the EU, the largest and most productive customs union in existence,, have agreed to, among other criteria for membership, maintain a common external tariff system with respect to outside nations. Free trade areas, like the North American Free Trade Agreement (NAFTA), are less cohesive to the extent that each of the three member nations, the United States, Canada and Mexico, are free to establish tariff policies distinct from each other.
But it is also important for him to grasp that some organizations and initiatives are not only created or organized inspired by goodwill. Certain organizations have been established for power reasons. Some have old-colonial some have also neo-colonial intentions. They exist, one has to work with them and sometimes for them, one can do business with them. One should not necessarily respond enthusiastically to them.
Students are invited to study the background, objectives and history of the following organizations: the Road and Belt initiative, Eurasian economic union, USAid, Eastern Partnership Agreement + DCFTA, Union for the Mediterranean (UfM), West African Economic and Monetary Union (UEMOA) , Organization international de la Francophonie (OIF), the Commonwealth of Nations.
ATTACHMENT
Do you want to import products from non EU countries into the European Union?
https://www.brusselsnetwork.be/do-you-want-to-import-products-from-non-eu-countries-into-the-european-union/
If you want to import a product from a non European country into the European Union, you need to comply with import rules and taxes.
The Trade Helpdesk is specially designed for businesses based outside the EU or importing into the EU.
You’ll find all you need to know about exporting to the EU, including:
health, safety and technical standards you’ll need to meet
customs duties you’ll need to pay at the border
internal taxes in each of the 28 countries
the rules of origin that define where a product is from and whether it profits from preferential duty rates
forms to send with your shipments
Find your way on the Trade Helpdesk through the 6 easy steps for importing into Europe:
Open the search box.
Browse the classification tree or type a keyword.
Define your product, the exporting country and the importing country.
Check ‘Requirements’: the health, safety or technical standards your product needs to meet
Check the ‘Internal taxes’: the VAT or excise duties for your product in the importing country.
the standard rate of EU import duty for your product
a possibly reduced rate if the exporting country has a trade agreement with the EU or benefits from a preferential scheme
any quota or antidumping duties
they indicate the minimum processing your product must undergo in your contry to be considered as ‘originating’ there
the origin depends also on where the inputs you use for your final product are from
the customs offices at EU borders will verify your origin certificate
find out how much other countries are already exporting to the EU of your kind of product
more on product codes
chambers of commerce and customs offices in each EU country or
additional information for your country
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The pandemic is speeding up automation, and 85 million jobs are on the line
Bank tellers are out and robotics engineers are in, according to a new report that says the coronavirus recession is accelerating technological changes that could displace 85 million jobs within the next five years.
“Automation, in tandem with the Covid-19 recession, is creating a ‘double disruption’ scenario for workers,” said the report published Wednesday in Switzerland by the World Economic Forum, which warns that inequality is likely to increase unless displaced workers can be retrained to enter new professions.
More than two-fifths of large companies surveyed by the WEF plan to reduce their workforces due to the integration of technology.
“For the first time in recent years, job creation is starting to lag behind job destruction — and this factor is poised to affect disadvantaged workers with particular ferocity,” the WEF said in its report.
The coronavirus pandemic has caused a sharp spike in unemployment around the world. Several major economies in Europe and elsewhere have extended support for wages in order to offset the alarming rise in joblessness. Unemployment in the United States, meanwhile, continues to march higher while lawmakers quarrel over new stimulus measures.
“As unemployment figures rise, it is of increasing urgency toexpand social protection including support for retraining to displaced and at-risk workers as they navigate the paths… towards the ‘jobs of tomorrow,’” the WEF report said.
The pandemic risks deepening existing inequalities because industries that have been hardest hit, including travel and tourism, hospitality and retail, tend to have younger, and lower-wage workers who are disproportionately female.
The World Bank has warned that the pandemic could increase income inequality and push up to 115 million people into extreme poverty this year.
The ‘jobs of tomorrow’
The pandemic has accelerated technology adoption by businesses and consumers, turbocharging demand for cloud computing and e-commerce services, while squeezing companies that can’t serve their customers online.
Workers unable to work from home, either because their jobs require face-to-face interaction or because they have limited internet access, have also been severely disadvantaged.
“Efforts to support those affected by the current crisis lag behind the speed of disruption,” WEF founder Klaus Schwab and board member Saadia Zahidi said in the preface to the report. “We find ourselves at a defining moment: the decisions and choices we make today will determine the course of entire generations’ lives and livelihoods,” they added.
According to the WEF report, a shift in the division of labor between humans and machines could displace an estimated 85 million jobs by 2025, while giving rise to 97 million new roles.
Jobs set to be increasingly redundant include administrative assistants, bookkeepers and payroll clerks, while positions in growing demand include those in the green economy, roles at the forefront of data and artificial intelligence, as well as new jobs in engineering, cloud computing and product development.
An expected increase in jobs in marketing, sales and content production, as well as roles requiring an aptitude for working with people from different backgrounds “showcase the continuing importance of human interaction in the new economy,” the report added.
Some workers whose jobs are vulnerable may be able to move into new careers, according to the report, which found that 94% of businesses surveyed expect employees to pick up new skills on the job, a sharp increase from 65% in 2018.
An analysis by LinkedIn’s data science team conducted for the WEF showed that many professionals who have moved into “emerging roles” in the new economy over the past five years came from entirely different occupations, which in some cases did not share similar skills.
For example, half of those who transitioned into data science and artificial intelligence (AI) professions were from unrelated industries. That figure climbs to 67% in engineering roles, 72% in content roles and 75% in sales.
Transitions into data and AI allow for the largest variation in skills profiles, the LinkedIn study shows, finding that half of those who moved into these roles had skills with low similarity.
Skills in high demand
Critical thinking, analysis and problem solving remain among the top skills that the world’s largest companies see as rising in importance over the next five years.
New skills the companies highlighted that speak to how the pandemic has disrupted daily life include stress tolerance, resilience and flexibility.
Companies are increasingly investing in retraining existing employees. The report projects that half of workers who remain in their roles will need to learn new skills to perform their jobs effectively in an increasingly automated world.
The WEF report cites a study by online education provider Coursera, which found that between April and June there was a five-fold increase in employer provision of online learning opportunities and a four-fold increase in individuals seeking out opportunities for learning online through their own initiative.
Source: https://edition.cnn.com/2020/10/20/business/wef-future-of-jobs-report/index.html
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Top 10 Staffing Companies in India
With increasing competition, outsourcing is becoming a critical aspect of doing business. To gain an upper hand in the business world, companies are increasingly turning to outsource their corporate and day-to-day operations. This has made staffing companies in India highly in demand.
Staffing companies in India are companies that recruit staff on behalf of employers. Staffing agencies may recruit temporary or permanent employees, depending on the client's needs and requirements. In simple terms, when companies don't have sufficient in-house resources, a staffing or recruitment company can supply qualified personnel on a temporary or permanent basis while such resources are acquired.
Staffing services agencies in India have evolved into a huge industry. With multiple business requirements, the need for the most competent resources has never been greater. Employment exchanges are flooded with talent and companies are struggling to hire the right people on time. To help out these companies and individuals we have created a list of the top 10 Staffing Companies in India. These are the best companies in terms of recruitment processes, HR strategies, and client consultancies.
Here is the list of the top 10 Staffing Companies in India:
1. KVB Staffing Solutions
KVB Staffing Solutions is one of the major staffing solutions providers company in India. Their reputation is growing in the fields of temp staffing, payroll, and compliance management since their inception by observing their client recruiting problems and using a strategic and low-cost solution. They provide a variety of solution models and develop a tailored recruiting solution that best meets your needs. In the Retail, Telecom, FMCG, E-commerce, Manufacturing, Agro & Agriculture, Healthcare, Life Sciences, and Pharma sectors, they serve customers across the country, including top MNCs and significant Indian enterprises.
Some major services of KVB Staffing Solutions:
· Temp Staffing
· Payroll Outsourcing Services
· Compliance Management Services
· IT Recruiting
2. TeamLease
TeamLease Services is one of India's major staffing and human resource firms, providing a variety of hiring, productivity, and scaling solutions to over 3500 clients. They offer manpower solutions as well as compliance management and payroll outsourcing services.
Some key services of TeamLease:
· Temporary and permanent staffing
· Consulting and training
· Payroll management services
· IT recruiting
· General Staffing
· End-to-End Hiring
3. Quess Corp
In the fields of Workforce Management, Operating Asset Management, and Global Technology Solutions across sectors, Quess Corp is India's one of the leading business services providers and largest private-sector employers.
Core services of Quess Corp:
· IT Recruiting
· Staffing Solutions
· Management of the Workforce
· Payroll Services
4. Adecco Staffing
Adecco is a staffing firm located in Zurich, Switzerland, that was started in 1996. They work with a wide range of industries. They can help your company with human resources as well as temporary staffing.
Adecco's services include the following:
· Job placement services
· Recruitment
· Outsourcing Human Resource Consulting
· Outsourcing business processes
· Staffing on a temporary basis
· Managed Service Provider
· Direct Hiring
5. Randstad India
Randstad is a worldwide human resource consulting organization based in the Netherlands. They work with a large network of employment consultants to deliver unique recruiting solutions to their clients. Randstad has highly qualified professionals that properly interview each candidate in order to discover the greatest fit.
The following are some of the services Randstad India offer:
· Temporary and permanent staffing
· IT Recruiting
· Payroll Services
· Staffing and hiring
· Manpower consultation
6. Manpower Group
Manpower Group is a global pioneer in creative workforce solutions, bridging the gap between individual potential and corporate power. Through our brands and products, Manpower, Experis, and Talent Solutions, Manpower Group serve both big and small enterprises across all industrial sectors.
Main services for Manpower Group:
· Recruiting Talent
· Good Administration
· Outsourcing of the Recruitment Process
· Provider of Managed Services
7. Kelly Services
Kelly Services India, a leader in workforce solutions, has been servicing businesses and candidates for Recruitment and Staffing solutions across sectors in India for over a decade. It has operations in a number of nations. They attempt to expand their reach in order to link organizations with skilled people.
The following are some of Kelly's most important services:
· Human resource services
· Management services
· Outsourcing
· Transition to a new career
· Vendor administration
· Permanent Staffing
· Temporary staffing
8. Global Innovsource Solutions
Global Innovsource Solutions is a renowned manpower outsourcing firm that focuses on all aspects of manpower outsourcing, including requirement mapping, sourcing, training & skilling, assessment, selection, onboarding, payrolling, and statutory compliances.
Primary services of Global Innovsource Solutions:
· General Staffing
· Permanent Staffing
· Workforce Management
9. Allegis Global Solutions
Allegis Global Solutions is a major talent solutions company. Allegis is changing the way the world recruits talent in order to make an instant and permanent influence. However, in a rapidly changing talent environment, securing talent can be difficult.
Core services provided by Allegis:
· Temporary and contract Staffing
· Outsourcing of the Recruitment Process
· Outsourcing Payroll
· Permanent Staffing
· IT Recruiting Services
10. Genius Consultants
Genius Consultants is dedicated to offering their clients HR services such as Flexi staffing, permanent staffing, payroll processing, background checks and verification, and compliance management.
Key services of Genius Consultants:
· General Staffing
· Flexi Staffing
· Permanent Staffing
· Payroll Services
#Staffing Solutions Services#Manpower Staffing Solutions#temporary staffing companies#Temp Staffing Company#Manpower Outsourcing Company
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How Payroll Services Benefit Swiss PEO Businesses
Managing Payroll in Switzerland can be a complex and time-consuming process, especially for businesses operating under a Swiss PEO model. A PEO, and Employer of Record in Switzerland, is a company that provides HR services to businesses. In this article, we will discuss how payroll services benefit Swiss PEO businesses and why partnering with a payroll service provider can be advantageous for businesses operating under a PEO model in Switzerland.
Benefits of swiss PEO business
1. Expertise
Partnering with a payroll service provider can provide Swiss PEO businesses with access to expertise in payroll and HR administration. Payroll service providers have specialized knowledge and experience in managing payroll provider switzerland, ensuring compliance with local laws and regulations, and handling employee benefits. This expertise can be invaluable for businesses that are new to Switzerland or may not have the necessary resources or expertise in-house.
2. Efficiency
Payroll service providers can help Swiss PEO businesses to increase efficiency by streamlining payroll processes. This can include automating tasks, such as calculating and processing payments, managing tax and social security contributions, and issuing payslips to employees. This can save time and reduce the risk of errors, which can be costly for businesses.
3. Cost Savings
Partnering with a payroll service provider can be cost-effective for Swiss PEO businesses. Payroll service providers can handle all aspects of payroll, including compliance with local laws and regulations, which can be time-consuming and costly for businesses to manage in-house. By outsourcing payroll to a service provider, businesses can save on payroll processing costs, as well as reduce the risk of non-compliance with local laws and regulations, which can result in costly fines and legal action.
4. Flexibility
Payroll service providers can provide Swiss PEO businesses with flexibility when it comes to managing payroll. This can include managing payroll for employees on a temporary or permanent basis, providing part-time or full-time staff as required, and handling multiple payroll schedules for different types of employees. This flexibility can help businesses to be more agile and respond quickly to changing market conditions.
5. Compliance
Partnering with a payroll service provider can help Swiss PEO businesses to ensure compliance with local employment laws and regulations. Payroll service providers have specialized knowledge and experience in managing payroll in Switzerland, ensuring compliance with local laws and regulations, and handling employee benefits. This can reduce the risk of non-compliance and avoid costly fines and legal action against the business.
Conclusion
Partnering with a payroll service provider can provide Swiss PEO businesses with access to expertise in payroll and HR administration, increase efficiency, save costs, provide flexibility, and ensure compliance with local employment laws and regulations. By outsourcing payroll to a service provider, businesses can focus on their core activities, increase productivity, and achieve business growth. If you are a PEO in Switzerland business looking to manage payroll more efficiently, partnering with a payroll service provider is an excellent option to consider.
#Payroll in Switzerland#Employer of Record in Switzerland#payroll provider switzerland#PEO in Switzerland
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Nordholm is Best Choice for Premier Accounting Services in Dubai- UAE
Embark on a seamless business journey with Nordholm Accounting and Bookkeeping, an arm of Nordholm Investments, Switzerland. Our unwavering commitment is to empower global investors, especially in the dynamic landscape of the UAE, by providing a comprehensive suite of services tailored to their expansion needs.
Tailored Services for Your Success:
Streamlined Business Setup: From facilitating company formation to guiding through visa processes and initiating bank account setups, we pave the way for your UAE business establishment.
Efficient HR, Payroll & Accounting Solutions: Our adept team takes charge of your HR management, payroll, VAT compliance, and meticulous Accounting practices, ensuring precision and adherence to regulations.
What Sets Nordholm Apart?
Punctuality Redefined: Timeliness is our forte. While you concentrate on your core business, we ensure high-quality accounting services delivered right on schedule.
Harmonizing Sustainability and Security: Nordholm drives business progress by striking the perfect equilibrium between sustainability practices and fortified security measures, fortifying businesses for success.
Empowering Insights: Our dedicated team doesn’t just manage numbers; we empower businesses with informed decisions and envision new vistas of growth.
The Edge of Outsourcing:
Swift and Superior Service: Our commitment to excellence is mirrored in our prompt and top-tier service delivery.
Robust Stability & Confidentiality: Entrust your financial data to a licensed service provider for unwavering stability and the highest degree of confidentiality.
Cost-Efficiency Redefined: For small and medium enterprises, outsourcing proves to be the smarter and cost-effective choice, eliminating overheads associated with in-house hiring.
Experience the Nordholm Advantage in managing your financial intricacies, freeing up your bandwidth to navigate the path towards unparalleled growth and success in the UAE market.
#NordholmAccounting#BookkeepingExcellence#AccountingSolutions#FinancialExcellenceDubai#TopAccountingServices#BusinessSetupDubai#ExpertFinancialServices
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Healthcare Workforce Management System Market by Forecast From 2021 to 2027 With Covid-19 Impact Analysis and Future Business Opportunities
Healthcare Workforce Management System Market 2020-2026
A New Market Study, Titled “Healthcare Workforce Management System Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
Description
This global study of the Healthcare Workforce Management System market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Healthcare Workforce Management System industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
Workforce management is an institutional process that maximizes performance levels and competency for an organization. The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics.
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The report offers detailed coverage of Healthcare Workforce Management System industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Healthcare Workforce Management System by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
First, this report covers the present status and the future prospects of the global Healthcare Workforce Management System market for 2015-2024. And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Healthcare Workforce Management System according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Healthcare Workforce Management System company.
Key Companies Kronos Infor Oracle GE Healthcare (Api Healthcare) McKesson Allocate Software SAP Cornerstone Ondemand Workday Timeware
Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru]
Market by Type Software Hardware Service
Market by Application Payroll Staffing and Scheduling Time and Attendance Patient Classification Analytics
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Table of Contents
Part 1 Market Overview 1.1 Market Definition 1.2 Market Development 1.2.1 Current Situation 1.2.2 Aspects of COVID-19 Impact 1.3 By Type Table Type of Healthcare Workforce Management System Figure Global Healthcare Workforce Management System Market Share by Type in 2019 1.4 By Application Table Application of Healthcare Workforce Management System Figure Global Healthcare Workforce Management System Market Share by Application in 2019 1.5 By Region Figure Global Healthcare Workforce Management System Market Share by Region in 2019 Figure Asia Healthcare Workforce Management System Market Share by Region in 2019
Part 3 Global Market Status and Future Forecast 3.1 Global Market by Region Table Global Healthcare Workforce Management System Market by Region, 2015-2019 (Million USD) Figure Global Healthcare Workforce Management System Market Share by Region in 2019 (Million USD) Table Global Healthcare Workforce Management System Market by Region, 2015-2019 (Volume) Figure Global Healthcare Workforce Management System Market Share by Region in 2019 (Volume) Table Price List by Region, 2015-2019 3.2 Global Market by Company Table Global Healthcare Workforce Management System Market by Company, 2015-2019 (Million USD) Figure Global Healthcare Workforce Management System Market Share by Company in 2019 (Million USD) Table Global Healthcare Workforce Management System Market by Company, 2015-2019 (Volume) Figure Global Healthcare Workforce Management System Market Share by Company in 2019 (Volume) Table Price List by Company, 2015-2019 3.3 Global Market by Type Table Global Healthcare Workforce Management System Market by Type, 2015-2019 (Million USD) Figure Global Healthcare Workforce Management System Market Share by Type in 2019 (Million USD) Table Global Healthcare Workforce Management System Market by Type, 2015-2019 (Volume) Figure Global Healthcare Workforce Management System Market Share by Type in 2019 (Volume) Table Price List by Type, 2015-2019 3.4 Global Market by Application Table Global Healthcare Workforce Management System Market by Application, 2015-2019 (Million USD) Figure Global Healthcare Workforce Management System Market Share by Application in 2019 (Million USD) Table Global Healthcare Workforce Management System Market by Application, 2015-2019 (Volume) Figure Global Healthcare Workforce Management System Market Share by Application in 2019 (Volume) Table Price List by Application, 2015-2019 3.5 Global Market by Forecast Figure Global Healthcare Workforce Management System Market Forecast, 2020-2025 (Million USD) Figure Global Healthcare Workforce Management System Market Forecast, 2020-2025 (Volume)
…
Part 9 Market Features 9.1 Product Features 9.2 Price Features 9.3 Channel Features 9.4 Purchasing Features Part 10 Investment Opportunity 10.1 Regional Investment Opportunity 10.2 Industry Investment Opportunity
PART 11 Coronavirus Impact 11.1 Impact on Industry Upstream 11.2 Impact on Industry Downstream 11.3 Impact on Industry Channels 11.4 Impact on Industry Competition 11.5 Impact on Industry Obtain Employment Part 12 Conclusion
Continue…
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Payroll and HR Outsourcing Services Market 2021 | Covid19 Impact Analysis | Size, Share, Sales and Forecast to 2026: Faro Vietnam, Mazars, ANT Consulting, CEKINDO, PRTR, etc.
Global Payroll and HR Outsourcing Services Market 2021 report is comprised of an in-depth analysis of the global industry which aims to deliver comprehensive market intelligence study associated with major market components. The report includes an overview of these markets on different fronts such as market size, market share, market penetration of the product and services, market downstream fields, key vendors operating within the territory, market price analysis and more. This might help readers across the worldwide business industry to comprehend a lot about the regional as well as key domestic markets for Payroll and HR Outsourcing Services. Reports include an overview and examination of the major companies operating within the industry which are considered to be revenue drivers for the market.
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Top Key players of Payroll and HR Outsourcing Services Market Covered In The Report: Faro Vietnam Mazars ANT Consulting CEKINDO PRTR MSNA Group Pinnacle X MSNA Talentnet Links Key Market Segmentation of Payroll and HR Outsourcing Services:
On the basis of types, the Payroll and HR Outsourcing Services market from 2015 to 2025 is primarily split into:
Payroll Outsourcing Services HR Outsourcing Services On the basis of applications, the Payroll and HR Outsourcing Services market from 2015 to 2025 covers:
BFSI Government Healthcare Manufacturing Retail Telecom and IT Transportation and logistics Others
The Payroll and HR Outsourcing Services report includes the study of these ventures on parameters such as market share, company profile, revenue figures, sales data, market presence, product or service portfolio, past performance, expected performance, and more. This may assist those who are willing to enhance their know-how of the competitive scenario of the Payroll and HR Outsourcing Services Market.
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Key Highlights from Payroll and HR Outsourcing Services Market Study:
Income and Sales Estimation – Historical Revenue and deals volume is displayed and supports information is triangulated with best down and base up ways to deal with figure finish market measure and to estimate conjecture numbers for key areas shrouded in the Payroll and HR Outsourcing Services report alongside arranged and very much perceived Types and end-utilize industry. Moreover, macroeconomic factors and administrative procedures are discovered explanation in Payroll and HR Outsourcing Services industry advancement and perceptive examination.
Assembling Analysis – The Payroll and HR Outsourcing Services report is presently broken down concerning different types and applications. The Payroll and HR Outsourcing Services market gives a section featuring the assembling procedure examination approved by means of essential data gathered through Industry specialists and Key authorities of profiled organizations.
Competition Analysis – Payroll and HR Outsourcing Services Leading players have been considered relying upon their organization profile, item portfolio, limit, item/benefit value, deals, and cost/benefit.
Demand and Supply and Effectiveness –
Payroll and HR Outsourcing Services report moreover gives support, Production, Consumption and (Export and Import).
Payroll and HR Outsourcing Services Market Region Mainly Focusing: — Europe Payroll and HR Outsourcing Services Market (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, UK), — Asia-Pacific and Australia Payroll and HR Outsourcing Services Market (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia, and Japan), — The Middle East and Africa Payroll and HR Outsourcing Services Market (Saudi Arabia, South Africa, Egypt, Morocco, and Nigeria), — Latin America/South America Payroll and HR Outsourcing Services Market (Brazil and Argentina), — North America Payroll and HR Outsourcing Services Market (Canada, Mexico, and The USA)
The Payroll and HR Outsourcing Services Market report concludes with sharing vital report findings with readers. Here on the basis of study of historical data, examination of the current scenarios overserved in various markets including regional and domestic and trends recorded, it delivers forecast of the market. This includes segmental forecast, regional market forecast, market size forecast, consumption forecast.
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Payroll and HR Outsourcing Services, Payroll and HR Outsourcing Services Market, COVID19 Impact on Payroll and HR Outsourcing Services Market, Payroll and HR Outsourcing Services Forecast, Payroll and HR Outsourcing Services Market Growth, Payroll and HR Outsourcing Services Market Sales, Payroll and HR Outsourcing Services Market Size, Payroll and HR Outsourcing Services Market Regional Analysis
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Text Analytics Market with Growth Trends, Cost Structure, Driving Factors and Future Prospects 2027
Market Summary
Market Research Future (MRFR), in its research study, emphasizes that the Text Analytics Market 2020 is projected to rise exponentially over the review period, ensuring significant market valuation of USD 9 Billion by 2023, and a healthy 17% CAGR over the review period.
Drivers and Restraints
The need for a market for text analytics is increasingly rising on a global platform. The factors fueling the development of the market for text analytics are a growing need for social media analysis, effective brand building and a rapidly increasing big data market. Due to its multidisciplinary application including multiple domains such as e-commerce, IT, telecommunications, government , healthcare, BSFI, and others, the inclination to adopt text analytics drives the global text analytics market largely. Text analytics beneficial aspects such as market research, competitive intelligence, brand-reputation management, customer service and support and others are acting as demand creators for text analytics in the global market.
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The omnipresent availability of unstructured data in the form of online news, forums, tweets and others drives the market for text analytics that has competitive advantages for the companies. During the forecast period, the growing demand for actionable insights derived from real-time data analysis that are used in tactical approaches for business growth is projected to propel the expansion of the global text analysis market.
On the other hand, the increasing availability of data analytics software, high costs and lack of awareness among stakeholders as text analytics is an emerging technology that is likely to act as constraints on the global text analysis market.
Segmental Analysis
The text analytics market has been analyzed on the basis of components, deployment, application, and vertical.
Based on component, the text analytics market is bifurcated into software and services. The services segment comprises managed services and professional services.
On the basis of application, the text analytics market is segmented into marketing management, workforce management customer experience management, documentation management, along with risk and compliance management.
Based on deployment, the text analytics market is bifurcated into on-premise and cloud. Given the high-security risks of cloud-based deployment models, the on-premise deployment model is largely adopted by governmental organizations. Whereas the cloud-based deployment model is slated to account for the largest market share in the global text analytics market during the forecast period due to the increasing demand on the global market for cloud-based solutions.
Based on vertical, the global text analytics market is segmented into BSFI, IT and telecommunication, retail and e-commerce, government, manufacturing, travel and hospitality, energy and utilities, and others.
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Regional Analysis
The global market geographic overview was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. North America is expected to account for the highest market share, it has been noted. Due to the technologically advanced industrial infrastructures and the rapid growth of digital channels such as social media and e-commerce in this area, the North America region dominates the global text analytics market. In comparison, Asia-Pacific is expected to expand at the fastest pace over the forecast period. Owing to the rapid growth of mobile technology and increasing population on social media platforms, North America will witness significant competition from the Europe region during the forecast time period. Owing to the easy adoption of advanced technologies and growing demand for cloud-based solutions in this region, the Europe region stands second in the global text analysis market.
Competitive Analysis
The major market players functioning in the global market as identified by MRFR are IBM Corporation (US), SAP SE (Germany), SAS Institute, Inc. (US), Clarabridge, Inc. (US), OpenText Corporation (Canada), Megaputer Intelligence, Inc. (US), MeaningCloud LLC (US), Luminoso Technologies, Inc. (US), KNIME.com AG (Switzerland), Infegy, Inc. (US), Averbis (Germany), Lexalytics, Inc. (US), Bitext Innovations S.L.(Spain), among others.
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Celebration Mechanical Pencil Day July 5, 2021
Mechanical pencils have so many uses in the workplace. People use pencils every day to calculate payroll, write letters, and complete their work. Students especially use them in schools to do their homework and get good grades.
While much of the world has moved towards digital format, mechanical pencils make writing and design easier than ever before. Mechanical Pencil Day celebrates the history of these pencils and encourages people to celebrate mechanical pencils and their many uses in our daily lives.
History of Mechanical Pencil Day
Pencils were created around the time that graphite deposits were being discovered in Europe during the early 16th century. The first primitive design of the pencil was invented in 1565 by Conrad Gesner, a naturalist, and bibliographer from Switzerland. These pencils were graphite sticks wrapped in string and later were designed with wood so it could be sharpened.
The first mechanical pencil that had tools to move the lead instead of manually sharpening the lead was patented in 1822 by Sampson Mordan and John Isaac Hawkins in Britain. From there, multiple companies began to begin mass producing mechanical pencils.
Mechanical pencils now operate by three types of methods; rachet-based, clutch-based, and screw-based. Today, mechanical pencils have different varieties of lead width and have multiple frames, including plastic, metal, and wood. These pencils are used for writing, but can also be used for art and design.
Due to the slick nature of the mechanical pencil, people now have the ability to create fine details and don 19t have to use a pencil sharper. Mechanical Pencil Day celebrates the history of mechanical pencils and how it is today used in workplaces and schools all over the world.
People celebrate the holiday by collecting antique mechanical pencils, reading up on the history of these pencils, and appreciating its uses in daily life.
How to Celebrate Mechanical Pencil Day
Celebrate Mechanical Pencil Day by reading up on the inventors of these fantastic pencils. Read up on the story of different companies such as BIC, Paper-mate, and Pentel.
Take the time today to use mechanical pencils in whatever field of work you do. Give out pencils to your local schools for free and help students get through their schools easier.
Also, give them out to your friends and family, tell your friends and family members about this holiday and educate them about the history of mechanical pencils.
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Dollar Extends Losses Against Peers On Weak Jobs Data
The U.S. dollar lost ground against most of its major counterparts on Friday after data showed a much smaller than expected increase in non-farm payroll employment in the month of April.
The weaker than expected data reinforced the view the Federal Reserve will leave ultra-easy monetary policy in place for the foreseeable future.
Data from the Labor Department showed non-farm payroll employment in the U.S. increased by far less than expected in the month of April, rising by 266,000 jobs, after surging by a downwardly revised 770,000 jobs in March.
Economists had expected employment to spike by 978,000 jobs compared to the jump of 916,000 jobs originally reported for the previous month.
The report also showed the unemployment rate inched up to 6.1% in April from 6% in March. Economists had expected the unemployment rate to drop to 5.8%.
The Commerce Department released a report on Friday showing wholesale inventories in the U.S. jumped by slightly less than anticipated in the month of March.
The report said wholesale inventories surged up by 1.3% in March after climbing by an upwardly revised 1% in February. Economists had expected wholesale inventories to spike by 1.4% compared to the 0.6% increase originally reported for the previous month.
The dollar index dropped to 90.19, sliding 0.85% from previous close.
Against the Euro, the dollar weakened to $1.2167, from Thursday's close of $1.2065. The Pound Sterling was stronger by nearly 0.8%, fetching $1.3998 a unit of Sterling.
The Yen firmed up to 108.60 a dollar, gaining from 109.09 Thursday evening. The services sector in Japan continued to contract in April, albeit at a slower pace, the latest survey from Jibun Bank revealed on Friday with a services PMI score of 49.5. That was up from 48.3 in March,
The Aussie was stronger with the AUD-USD at 0.7845, firming up from 0.7782.
The Swiss franc gained about 0.7%, firming up to 0.9010 from 0.9073. Switzerland's jobless rate decreased in April, data from the State Secretariat for Economic Affairs showed. The jobless rate fell a seasonally to 3.1% in April from 3.3% in March. Economists had expected a rate of 3.3%.
The Loonie gained marginally at 1.2135 a dollar. Data released by Statistics Canada showed employment in Canada decreased by 207,100 in April after seen an increase of over 303,000 in the previous month. Full-time employment dropped by 129,400 in the month, while part-time employment decreased to -77,800.
The data also showed unemployment rate in Canada rose to 8.1% in April, up from 7.5% in March.
The material has been provided by InstaForex Company - www.instaforex.com from www.instaforex.com https://www.instaforex.com/forex-news/2176460.html?x=JNMBS
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