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International Expansion and PEO Hiring in Colombia

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It is a well-known fact that Colombia is a country with a strong economy and is considered to be one of the safest investments within Latin America. The nation gets more international fame among both local and international entrepreneurs because of its increasing economic growth, attractive business climate and range of commercial opportunities. Additionally, commercial activity and trade levels in Colombia have considerably increased thanks to a vast network of free trade agreements and its strategic geographic location, with access to both the Pacific and Atlantic Oceans. The overall economy of Colombia today benefits from various natural and agricultural resources, ranging from cattle and coffee to oil and emeralds, as well as an exploding tourism industry, which continues to grow year-on-year. These features make Colombia a great and thriving destination for international expansion and investment.

However, many business owners face challenges while trying to navigate the local labour laws of Colombia. One of the most challenging jobs is engaging and hiring local staff lawfully, which can be a huge headache for those without a comprehensive knowledge of the Colombia labour market and/or employment law. Working with a PEO provider in Colombia is a great method of expansion for companies who are new to market and have a limited understanding of employment law and regulationin Colombia. It is always important to consider the different methods that companies can engage and hire staff in a foreign country such as Colombia.

A Professional Employer Organization (PEO), also known as a ‘employer of record’ is a company that brings the required tools to support companies with their market entry. It allows companies tofind, engage andhire local employees with having a local company. Companies work with PEO service providers to engage in commercial activity without the hassle of forming and maintaining a local legal entity, which can often be expensive, time consuming and complicated.

Reasons to work with PEO Service Provider

The reasons to work with a PEO service provider will vary from one employer to another. PEOs can handle the various administrative and HR headaches of employing local staff. The PEO provider will ensure full legal compliance. Today, many SMEs are choosing to work with a local PEO provider given the range of benefits that come with this type of commercial relationship. Some PEO services include, but are not limited to the following:

  • PEO solutionsfree up your valuable time and resources, allowing you toconcentrate on other important business tasks.
  • Once a contract is successfully signed between a PEO and your business, it will distribute a segment of the legal responsibilities to the PEO, freeing you from unnecessary legal burden.
  • The PEO has the responsibility of handling tax filing, payroll administration, provision of advantages,in addition to offering solutions relating to other HR functions.
  • The only responsibility of your company is to continue with your daily business operations and to manage and direct the employees properly.

Things to know about staff selection

The labour market in Colombia is fully regulated, has a large and skilled worker pool and is dedicated to protecting the rights of employees. If you are an employer, you need to meet various legislative requirements according to Colombia law.In fact, compliance with the Colombian employment and lab our regulations is both time-consuming and costly, all the more reason to work with a qualified PEO provider in Colombia.

  • Employment Contracts

The employment contracts in Colombia are classified into 4 types including short-term, fixed term, undefined length, and for a particular task. The duration and type of employment contract will vary from one employee to the next, affording you flexibility to best meet your needs.

  • Foreign Workers

These individuals are subject to the same rules and regulations as Colombian workers. They must come with an official written employment contract from their employer and also have to have the appropriate working visa.

By law, the maximum number of hours an employee can work in Colombia is forty-eight hours (48) per week. This can be spread out between Monday to Friday or Monday to Saturday. Working hours can be flexible, but must be between 06:00 and 22:00 local time.

  • Vacation Time

All local employees have the right to 15 days of paid holiday per year, half of which can be exchanged for pay with permission from the Ministry of Social Protection and Health.

  • Minimum Wage

The minimum wage is negotiated yearly between the government and local trade unions. In 2018, the minimum monthly wage was COP $781,242 (approximately USD $260).

  • Pensions and social security

The contribution is 15% of the monthly salary. Employers contribute three quarters of the payments and the employee covers the remaining quarter.

  • Maternity and Paternity leave

All women are entitled to 12 weeks of maternity leave, which can be started 2 weeks before the birth of the child. The cost is covered by the Social Security System and can also be used in the case of adoption (for a child younger than seven years old). This also applies for a single father who adopts a child. It should be noted that it is illegal to fire a woman due to a pregnancy in Colombia.Fathers are afforded 4 days of paid leave if he is contributing to the Social Security System. If both parents are contributing to Social Security, then the father is entitled to 8 days of paid leave. In either case, the father must have contributed more than 100 weeks to Social Security System.

  • Healthcare

Employers are required to pay 12.5% of their staff’s salaries to a healthcare security fund.

For companies expanding to Colombia or looking to hire Colombian employees, working with a qualified PEO provider can be a great option. It helps mitigate much of the legal burden associated with employing foreign employees, and supports a more efficient route to market for a growing global company. It also frees up much of your valuable time allowing you to focus on what is important to you and your business.

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Business

Identifying the Best Loan for Your Business

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Many people have the dream of starting their own business someday in the future. It is the best thing – freedom to pursue your dreams, do something you love, get away from tyrant bosses and insufferable coworkers and best of all turn your intangible idea into a physical success. All these make the work involved in starting and operating your own business worth it.

However, starting a business comes with its unique set of challenges, the extent of which differs according to the type and size of business. Apart from the heavy initial capital investment, cash flow issues may be common in the early life of the business, until the venture breaks even and results in profits. Operating expenses can get out of hand as you dip your feet into the deep end of the entrepreneurship pool and unanticipated circumstances may arise forcing you to reach further into your resource pool.

However, what do you do when you are at the end of that well and bills still need paying? Do you throw in the towel and day that ‘this business thing’ is for those who have money? Certainly not! Most people quit without exploring all the options available, allowing their life’s work to just die and going back to formal employment with their tails between their legs.

This is why Singapore financial institutions, after careful examination of the market, the economy and the needs of various businesses have created a number of Singapore business loan packages for your benefit.

Because of the many types of businesses available, there are very many possible loans packages, which you can take advantage of to tide your business over the hard times. We offer loans according to the size of the business, the amount of income it registers, the use for the funds and other factors. You can also choose between short-term and medium term loans and secured and unsecured loans for your business.

Come to MPM Capital for your business needs and let us help you select a package to help you achieve your goals. Most of the businesses that have come to us in the past were facing such issues as working capital shortfalls, small tragedies, need for expansion among others.

Not only do we provide loans, we also offer financial advice on the best ways to use the amount in order to end up in a better and more profitable position as a business. Our interest rates are very competitive as well. Come to us today, and let us help you make a path for your business to grow to maturity.

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How and Why to Become A Local Electrician in Australia?

local electrician

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It is not an easy task to become an electrician. There are a few major milestones that you need to fill before becoming an electrician which are as follows.

Steps to becoming a local electrician

  1. Study the right subjects
  2. Qualification required: You need certificate II in electrotechnology.
  3. Gain the right skills
  4. Take apprenticeship
  5. Attain a certificate of proficiency.
  6. Attain a crafted certificate
  7. Get the license

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Why becomes an electrician?

This is one of the most lucrative industries that have been growing year by year. Given here are a few reasons that will create your interest in becoming an electrician:

  1. In the past few decades, the job openings in the electronic field have risen drastically and it is expected to rise even more.
  2. Strong growth is expected in the future of this industry. Therefore, investing your time in electronics study is a very good idea because there is 1000 percent employment guaranty.
  3. It is a challenging and interesting work
  4. Working hours are fixed.
  5. Cheap training
  6. Be your own boss
  7. The opportunities are available all over the world
  8. Massive carrier growth
  9. Always in demand
  10. Electronics is one of the top trades.

How much can a local electrician earn in Australia?

In Australia, electricians can earn 1400 dollars weekly in a full-time job and up to 1300 dollars weekly in part-time jobs.  Pay scale of experienced and skilled workers rises steadily.

Skills required becoming an electrician

You must have these basic skills to become a local electrician:

  1. Good eyesight
  2. Cope up with the pressure
  3. Patience
  4. Troubleshooting skills
  5. Cautious
  6. Methodical
  7. Detailed oriented

What does an electrician do?

We all need electricians for different reasons and different tasks here are some major work that they do for us:

  1. Selecting the wires and cables
  2. Cutting and arranging the wires and cables
  3. Trace the faults
  4. Testing the machines
  5. Repairing the faulty wiring
  6. Maintain and repair appliances
  7. Work from blueprints
  8. Installation of electrical systems
  9. Removal of electrical hazards
  10. Using electronic equipment

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You can get electrician jobs in specific industries

There is no such industry that won’t require an electrician of their own specialized field. Here are some lucrative industries you might look forward to work after becoming an electrician.

  1. Marine industry
  2. Army industry
  3. Vehicle industry
  4. Army
  5. Energy industry
  6. Railways
  7. Airports
  8. Construction industry

Specializations of electricians

There are many different specializations within the trade.  If you are a specialized electrician you will gain much more respect and earn much more money than a general electrician. Here are a few important fields of specialization in the electric field.

  1. Auto electrician
  2. Car electrician
  3. Commercial electrician
  4. Construction electrician
  5. Maintenance electrician
  6. Industrial electrician
  7. Marine electricians
  8. Oil rig electrician
  9. Residential electrician
  10. Substation electrician
  11. Electrical contractor
  12. Heavy coil winder
  13. Railway signal electrician
  14. Shopping malls

How to hire a local electrician

You must ask few of the basic questions before hiring a local electrician which are as follows:

  1. Get quotes
  2. Get references
  3. Check reviews
  4. Check license
  5. Ask for a certificate of safety
  6. Check his insurance
  7. Check his past work
  8. Ask for his experience
  9. Ask for his specialization
  10. Take his office address and other details

As now you know all about the electronic field, don’t wait to choose your carrier as a local electrician in Australia.

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Car Locksmiths and What they are able to Do For You

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Locksmiths are specialists on the subject of anything having to do with locks, domestic safety, and keys. extra regularly then no longer, most of the jobs that a locksmith undergoes are emergency services, which is both someone being locked out in their home, or someone being locked out of their automobile.

even though the situations sound similar, they’re very different from one another. An automobile locksmith can be able to provide you with services inclusive of all vehicle key provider, broken ignition key or ignition substitute, dealership keys, excessive security keys, clever keys, ignition substitute keys, key cutting, laser cut New car key Winnipeg, locked doorways or lock and key issues, lock select options, problems with transponder chip key programming, re-key, lost automobile keys, far flung manipulate keys, and VAT keys.

To turn out to be an car locksmith, the capacity to do the above cited is not enough. maximum successful, certified automotive locksmiths go through specialized training guides, with a purpose to also encompass no less than 40 hours of hand-on training. Like every other career, a vehicle locksmith needs to recognise precisely how to take care of each scenario, as well as the ability to get the jobs carried out successfully, and in a well timed matter on account that in maximum cases they’re emergencies, and what’s going to decide how reliable you are as a locksmith is how properly you could do the ones things.

selecting an amazing car locksmith ought to take the time, more importantly, finding an automobile locksmith which you can believe is even harder. vehicles are very costly, so are the keys that flip them on, so whoever is operating in your car have to surely be a person that you’re feeling is certified to accomplish that, as well as certified, and insured thru a good business enterprise. Its very important that they apprehend getting you an actual key replacement or reproduction, and you additionally ought to inquire if they may provide you with a reproduction of that key as well to make certain that you aren’t placed into the identical state of affairs yet again.

Pricing for replacing keys relies upon on lots of factors which includes 12 months, make, version or whether or not the auto locks have been changed or re-keyed. excessive security keys which includes the ones from Lexus or Mercedes may be more highly-priced because of the nature of the important thing on account that automobile security is continuously improving, the transponders, which might be a anti-theft tool improve the pricing. Locksmith organizations have to put money into equipment and education on the way to generate running keys/fobs for those automobiles.

when looking for a locksmith, for the duration of an emergency lockout situation, its always higher to resort to a person nearby. maximum locksmith companies are at the internet, and can effortlessly be located in your place. The car locksmith agencies are constantly to be had 24 hours a day, 7 days every week, 12 months a year, and need to be able to help you in approximately 30 minutes (typically quicker), depending on how site visitors is wherein you are at. car locksmith agencies commonly could have several technicians as there may be continually a want for locksmith offerings, and whilst it’s miles an emergency carrier, they’ll want to power to you.

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