Home / Tet 2021 bonuses are not only money

Tet 2021 bonuses are not only money

15/10/2020


New Year, Chinese New Year 2021 is the time to apply The Labor law 2019. In Article 104, clause 1 has pointed out that money will be replaced by reward as follows:

1. Reward will be money, assets or other ways that employers give employees based on the result of business, trade and the labor productivity.

2. Reward policy is decided and announced officially at the workplace as a result of the consultation from the organization representing at the workplace.

This is the proof for the business to bonus employees on Tet 2021 not only money but also physical assets or other ways such as trip, etc.

In fact, there are many businesses bonusing employees in other ways that are not only money. They can be the products or services provided or manufactured by that company, etc. However, issue of law on the definition of "reward" in stead of "salary" by 2021 is considered as a new noticeable point.