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DECEMBER 5, 2023

Fixed components are the base salary, while variable components may comprise bonuses, commissions, and other performance-related incentives. Time Zone Advantage: Colombia’s geographical location provides a strategic time zone advantage for companies looking to establish efficient and collaborative global teams.

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MARCH 17, 2024

This linguistic advantage eliminates potential barriers and facilitates smooth collaboration between local talent and global teams. Government Support and Incentives: The Icelandic government offers various support programs and incentives to attract foreign investment and encourage business growth.

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DECEMBER 8, 2023

Bonuses: Extra compensation provided at special times, like the 13th-month pay, which is mandatory in the Philippines. Statutory Deductions: Social Security System (SSS): Both employers and employees contribute to the SSS, which provides social insurance, including sickness, maternity, and retirement benefits.

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APRIL 5, 2024

However, the exact payment frequency can be determined by the employer, as long as it complies with labor laws. Bonuses and Benefits: Employers may offer bonuses and benefits to employees, such as performance bonuses, annual bonuses, or other incentives.

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DECEMBER 18, 2023

Bonuses: Year-end bonuses, known as “13th-month bonuses,” are customary in Thailand. These bonuses are often equivalent to one month’s salary and are typically paid in December. Performance-based bonuses are also common, linking employee performance to financial incentives.

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FEBRUARY 25, 2024

Flexible Working Arrangements: Some employers offer flexible working hours or remote work options to promote work-life balance and accommodate employees’ personal needs. Performance Bonuses and Incentives: Performance-based bonuses and incentives are common in Egypt, especially in industries like finance and sales.

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