Guidelines for Determining Employees' Wages in the Credit Guarantee Fund

19:06, 10/07/2024

On January 21, 2019, the Ministry of Labor, Invalids, and Social Affairs issued Circular 04/2019/TT-BLDTBXH providing guidance on the management of labor, wages, remuneration, and bonuses for the Credit Guarantee Fund for Small and Medium Enterprises.

When determining the planned wage fund and the actual wage fund of employees, the Credit Guarantee Fund excludes objective factors affecting labor productivity and the difference between revenue and expenditure, including:

- The impact of objective factors stipulated in Article 11 Circular 26/2016/TT-BLDTBXH;- The State adjusts the policy on credit guarantee costs affecting the financial results of the Credit Guarantee Fund or the exemption and reduction of credit guarantee costs as per point b, Clause 2 Article 49 Decree 34/2018/ND-CP.

Note: The exclusion of objective factors must be quantified with data and excluded according to the principle: Objective factors that reduce labor productivity and the difference between revenue and expenditure shall add the reduced labor productivity and difference between the reduced revenue and expenditure into the labor productivity indicator and the difference between revenue and expenditure; Objective factors that increase labor productivity and the difference between revenue and expenditure shall subtract the increased labor productivity and difference between the increased revenue and expenditure from the labor productivity indicator and the difference between revenue and expenditure.

More details can be found in Circular 04/2019/TT-BLDTBXH, which is effective from March 8, 2019.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn