Công ty dịch vụ luật Apolat Legal

ESOP (Employee Stock Ownership Plan) is an increasingly popular and widely used method in large corporations in Vietnam (such as FPT, Mobile World Group, Novaland, etc.). In addition, if you know how to take full advantage of ESOPs, not only large companies, corporations, but also ordinary private companies will also have their own advantages when using ESOP as an effective method in the current economic crisis. Especially Startup companies, that are in the stage of starting a business in general. 1. Why does ESOP prove effective for startups during economic crises? In contrast to large corporations, even though “lay-offs” may occur, the remaining workforce remains their motivation to continue committing and contributing to the company. This is due to long-standing cultural values, from supportive compensation policies, or faith in a swift recovery based on the company’s robust economic capabilities.  However, for startups, the situation is different. These companies are in thei...

Currently, the majority of employees go through a probationary period before signing a labor agreement to become official employees. The salary regime is one of the particular concerns for employees during this period. It is also important for employers to address this issue legally to establish a good image for their company and limit the possibility of being subjected to administrative sanctions. This article will analyze some basic issues of the salary during the probationary period, including: Salary rate; Wages for overtime and night work; Is the regulation on minimum working time to receive probationary salary legal? 1. Salary during the probationary period Under Article 26 of the Labor Code 2019, the salary during the probationary period must not be lower than 85% of the salary rate of such a job. The specific salary will be agreed upon by the employee and the employer and recorded in the probationary agreement or labor agreement. In case the employer pays the employee during...