High-Level Candidate

 

High Level Positions/ Staff: What Do They Include?

Senior personnel positions are key roles in a business that carry significant responsibilities and influence the organization's development. These positions demand not only deep expertise but also leadership skills and strategic vision to effectively manage operations. This article explores senior personnel roles and the criteria for evaluating candidates for these positions.

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1. What Are High Level Positions/ Staff?

High Level Staff  are individuals responsible for leading, managing, and making strategic decisions in an organization. These roles include Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Technology Officer (CTO), Chief Production Officer (CPO), Chief Marketing Officer (CMO), and other high-level positions.

Senior personnel have a significant impact on the success of the organization.

They require extensive professional knowledge as well as soft skills like management, leadership, and problem-solving. These individuals must analyze and evaluate opportunities and risks to make critical decisions that drive growth and achieve long-term goals.

2. Key High-Level Candidate

Senior personnel positions vary widely but all play critical roles in a company's operations and growth. Below are some of the key roles:

2.1 Chief Executive Officer (CEO)

The CEO is the highest-ranking executive and is ultimately responsible for the company’s overall performance. They set development strategies, business directions, and make key decisions in finance, human resources, and marketing. The CEO also builds and maintains relationships with key stakeholders, partners, and investors.

2.2 Chief Financial Officer (CFO)

The CFO manages the financial health of the organization. Their responsibilities include financial planning, risk assessment, resource allocation, and ensuring financial stability. The CFO is instrumental in making strategic decisions about investments and business development.

2.3 Chief Technology Officer (CTO)

The CTO oversees technological innovations and operations within the organization. They evaluate, implement, and maintain modern technology systems to improve efficiency and support the company’s strategic objectives.

2.4 Chief Marketing Officer (CMO)

The CMO leads marketing strategies and brand development. They plan and execute communication strategies, promote products/services, and conduct market research to drive revenue growth and strengthen customer relationships.

2.5 Chief Production Officer (CPO)

The CPO manages all production and supply chain operations. They ensure smooth, efficient production processes that comply with quality standards. The CPO focuses on optimizing production costs and streamlining workflows.

Other roles include Chief Human Resources Officer (CHRO), Chief Business Development Officer (CBDO), Chief Creative Officer (CCO), among others—all of which contribute to organizational success.

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3. Criteria for Evaluating  High-Level Candidate

When hiring high-level candidate, companies evaluate candidates based on several key criteria:

• Professional Expertise:  must have strong expertise in their field and a broad understanding of societal, economic, and political issues to make informed decisions.

• Leadership Ability: Successful high-level are strong leaders who inspire and build effective teams. Their management skills significantly influence the organization's success.

• Problem-Solving Skills: They must analyze complex issues and make quick, accurate decisions to overcome challenges.

• Communication and Negotiation Skills: Senior executives must effectively communicate with employees, customers, partners, and investors. Negotiation skills are crucial for resolving conflicts and securing beneficial agreements.

• Strategic Vision: high level need a broad perspective and the ability to analyze market trends, enabling them to develop long-term strategies for the company.

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• 4. How to Become a High-Level Candidate?

  To excel in senior roles, you need the following:

  4.1 Deep Professional Knowledge

  A senior executive should possess expertise in their specific field while also being well-versed in other areas like economics, society, and politics. This knowledge helps in making sound decisions in a globalized context.

  4.2 Leadership and Management Skills

  Leaders must know how to manage teams, build strategies, and enhance work efficiency. Developing leadership and management skills is essential for senior roles.

  4.3 Building Strong Networks

  A strong professional network creates opportunities for career advancement and organizational growth. Senior personnel should establish relationships with industry leaders and key stakeholders.

  4.4 Passion and Growth Mindset

  Senior personnel need passion for their work and career. A continuous learning attitude and a drive for improvement are essential to meet the increasing demands of their roles.

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  5. HR2B High-Level Candidate Recruitment Services

  HR2B is one of Vietnam’s leading providers of High-level candidate recruitment services. We offer effective recruitment solutions for managerial and leadership positions in organizations. With a team of experienced professionals, HR2B helps businesses find and select talented candidates that meet job requirements and align with company culture.

  HR2B’s recruitment services are the perfect solution for overcoming challenges in building a high-quality leadership team. Contact HR2B today to learn more about our senior personnel recruitment services!

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Guide to Accurately Calculating the 13th Month Salary

 The 13th-month salary is a significant benefit that many businesses offer to motivate employees and retain talent. However, the calculation method is not always well understood, leading to questions from both employees and employers. In this article, we will delve into the most accurate method of calculating the 13th-month salary in compliance with Vietnamese labor laws and key considerations to ensure fairness for both employees and employers.

1. What is the 13th-Month Salary?

The 13th-month salary is a year-end bonus designed to reward employees for their contributions throughout the year. Despite its name, it is not considered part of the basic salary under labor regulations but rather an additional bonus.

The 13th-month salary is an important part of the company's benefits policy.

Legal Nature of the 13th-Month Salary

• Not Mandatory: According to the 2019 Labor Code, paying the 13th-month salary is not a legal requirement. Employers can decide whether or not to implement it based on terms outlined in employment contracts, collective labor agreements, or internal company policies.

• Clearly Defined Agreements: The 13th-month salary is typically stipulated in labor contracts or collective labor agreements to avoid disputes between employers and employees.

2. Principles and Factors Influencing the 13th-Month Salary Calculation

The calculation of the 13th-month salary often depends on the following factors:

• Actual Working Time During the Year: The number of months or days an employee has worked directly impacts the amount received.

• Basic Salary: Employers generally use the basic salary as the basis for calculation, although some may include allowances or commissions.

• Performance Metrics: Some companies tie the 13th-month salary to employees’ work performance.

These factors allow flexibility in calculating the 13th-month salary, enabling companies to tailor their reward policies to financial resources and strategic goals. However, inaccurate calculations may lead to dissatisfaction among employees.

Factors that affect the 13th-month salary include the length of employment and the basic salary.

3. Detailed Methods to Calculate the 13th-Month Salary

3.1 For Employees Who Have Worked the Full 12 Months

Formula:

13th-Month Salary = Current Monthly Basic Salary

Example:

• An employee’s monthly basic salary is 15 million VND.

• If they work the full 12 months, the employee will receive the full 15 million VND as their 13th-month salary.

3.2 For Employees Who Have Worked Less Than 12 Months

Formula:

13th-Month Salary = (Current Monthly Basic Salary ÷ 12) × Number of Months Worked 

Example:

• An employee’s monthly basic salary is 12 million VND.

• They worked only 9 months during the year.

• 13th-Month Salary = (12,000,000 ÷ 12) × 9 = 9,000,000 VND.

3.3 For Cases Including Allowances or Additional Bonuses

Some companies include allowances (e.g., meal, transportation, or responsibility allowances) or bonuses in the calculation of the 13th-month salary. Formula:

13th-Month Salary = (Basic Salary + Total Allowances) ÷ 12 × Number of Months Worked

Example:

• Basic salary: 10 million VND.

• Allowances: 2 million VND.

• Total working months: 10 months.

• 13th-Month Salary = (10,000,000 + 2,000,000) ÷ 12 × 10 = 10,000,000 VND.

4. Key Considerations When Calculating the 13th-Month Salary

4.1 Legal Compliance

Employers must ensure that the payment of the 13th-month salary adheres to agreements made with employees. Failure to comply may result in employees seeking clarification or requiring the employer to fulfill their commitments.

4.2 Timing of Payment

The 13th-month salary is typically paid at the end of the calendar year (December) or before the Lunar New Year. However, businesses may adjust the timing based on internal policies.

4.3 Personal Income Tax (PIT)

The 13th-month salary is taxable and will be included in the employee's taxable income. Employees should consider this when receiving their bonus.

The 13th-month salary is subject to personal income tax, and employees should be aware of this when receiving their bonus.

5. Common Errors in Calculating the 13th-Month Salary

Unclear Eligibility Criteria: Many companies fail to clearly define conditions for receiving the 13th-month salary in labor contracts, leading to unnecessary disputes.

Incorrect Working Time Calculation: Miscalculating the actual working time can disadvantage employees or increase costs for the employer.

Lack of Transparency in Policies: Ambiguous policies may lead to misunderstandings or dissatisfaction with the bonus amount.

Common mistakes in calculating the 13th-month salary can lead to disputes and disagreements between employees and the company.

Why Use Professional Payroll Services for 13th-Month Salary Calculation?

Calculating the 13th-month salary is a critical yet error-prone task, particularly for SMEs without a robust HR system. To ensure accuracy and compliance, many businesses opt for professional payroll services.

Benefits of Professional Payroll Services:

• Legal Compliance: Service providers employ experts knowledgeable in labor laws and tax regulations.

• Time Efficiency: Businesses can focus on core operations without spending time on complex payroll processes.

• High Accuracy: Professional systems minimize errors in calculations.

6. HR2B Payroll Services

HR2B is a leading provider of professional HR services, including payroll solutions. With over 20 years of experience, HR2B ensures accuracy, confidentiality, and efficiency in managing payroll and bonuses.

Why Choose HR2B?

• Expert Team: HR2B employs experienced HR and finance professionals who deliver optimal solutions for businesses.

• Advanced Technology: Utilizing modern, secure payroll software.

• Flexible Customization: Services tailored to the specific needs of each business.

• Legal Support: Ensures all payments comply with labor laws, reducing risks for businesses.

Don’t let 13th-month salary calculations become a burden! Partner with HR2B to build transparent and effective compensation policies. Contact us today for detailed consultation and access to the best HR solutions.

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Staffing and Outsourcing – Distinguishing Two Labor Outsourcing Models Today

 In the rapidly evolving global labor market, businesses often face the challenge of selecting the optimal solution to maintain work efficiency while saving costs. Two popular models adopted by many organizations to meet staffing needs are Staffing and Outsourcing. Though seemingly similar, they differ significantly in nature, processes, benefits, and purposes. This article will analyze and distinguish these two models, helping businesses make informed decisions that align with their development strategies.

1. Staffing – Temporary Workforce Provision

Staffing refers to hiring temporary or contract-based personnel through professional staffing agencies. These employees work at your business and directly participate in specific activities or projects. However, they are not formal employees of the company but are instead employed by the staffing agency.

The Staffing model allows businesses to easily hire temporary staff on short-term contracts. 

1.1 Key Characteristics of Staffing:

• Temporary workforce: Employees are hired on short-term contracts, often for several months or specific projects.

• Direct management: Though temporary, these staff members are directly managed by the hiring company.

• Flexible costs: As companies are not obligated to long-term benefits, staffing offers financial flexibility.

1.2 Advantages of Staffing:

• Cost savings: Avoiding long-term benefit obligations makes Staffing less expensive than hiring permanent employees.

• High flexibility: Allows businesses to adjust employee numbers based on changing work demands.

• Quick replacements: Staffing agencies can swiftly replace unsuitable employees, minimizing disruptions to workflows.

1.3 Disadvantages of Staffing:

• Lack of long-term commitment: Temporary employees, not being official company staff, may show less dedication, potentially affecting job performance.

• Training and integration: The temporary nature of the work may require companies to invest significant time and effort in training and onboarding

2. Outsourcing – Contracting Specialized Services

Outsourcing, also known as subcontracting, is a business practice where a company delegates certain tasks or specific functions to specialized external service providers. These providers possess the expertise and experience to handle assignments that the company either lacks the resources for or chooses not to invest in directly. Employees working under the outsourcing model do not operate within the company but may perform their duties remotely or at the service provider’s facilities.

Outsourcing allows businesses to delegate specialized tasks to external companies.

2.1 Key Characteristics of Outsourcing:

• Task delegation: Specific functions such as accounting, IT, customer service, or marketing are assigned to third-party providers.

• No direct management: In outsourcing, the business does not directly manage the personnel. All operations are overseen by the service provider.

• Fixed or contract-based costs: Outsourcing often involves long-term contracts or service-based fees, allowing businesses to easily forecast expenses

2.2 Advantages of Outsourcing:

• Focus on core competencies: Businesses can concentrate on their core activities while delegating non-core tasks to experienced partners.

• Reduced operational costs: Outsourcing eliminates the need to maintain separate in-house departments, saving costs on personnel, training, and infrastructure.

• High expertise: Outsourcing providers typically have a team of highly skilled professionals in the required field, ensuring quality results.

2.3 Disadvantages of Outsourcing:

• Limited direct control: Businesses have less direct oversight of outsourced tasks, which may impact work quality and deadlines.

• Security and data risks: Entrusting tasks to external providers can pose security challenges, especially when sensitive company information is involved.

• Consistency challenges: Outsourcing firms may lack familiarity with the company's culture and workflows, leading to inconsistencies in task execution.

3. Comparing Staffing and Outsourcing

Criteria	Staffing	Outsourcing
Workforce management	Managed directly by the business	Managed by the service provider
Contract type	Short-term or temporary contracts	Long-term contracts for specific services
Cost structure	Flexible based on temporary needs	Fixed or service-based
Flexibility	High; easy to adjust workforce	Lower; depends on contract terms
Onboarding and training	Requires company efforts	Minimal, handled by provider
Quality control	Direct supervision	Indirect via provider oversight

4. When to Choose Staffing?

• For short-term projects: Ideal for businesses needing temporary personnel during peak seasons or for specific projects.

• When flexibility is crucial: If frequent adjustments to workforce size are necessary.

• For specialized skills: When short-term expertise is needed for specific tasks.

5. When to Choose Outsourcing?

• To delegate non-core activities: Perfect for functions like accounting, IT, customer service, or marketing.

• To cut operational costs: Eliminates the need for internal departments for occasional tasks.

• For specialized expertise: Access to skilled professionals in areas the company cannot recruit or train internally.

Outsourcing helps businesses save costs.

Both Staffing and Outsourcing are attractive options that cater to different business needs. Staffing offers flexibility and direct management of temporary employees, while Outsourcing enables companies to reduce costs and focus on core activities. Choosing between these two models depends on the specific goals and development strategies of each business, as well as factors such as cost, workforce management, and job requirements.

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