Is The Foreign Media Concerned Whether To Pay For The Labor Contract Law?

Focusing on the two sessions, the labor contract law once again became the target of public criticism.

Foreign media focused on the new law, which began with the recent collective withdrawal of Korean enterprises in Qingdao and other places.

For a time, the new law led to a sharp rise in labor costs and the news of collective foreign capital divulge. China's news appeared in the headlines of many overseas media, and a large number of media quoted Zhang Yin, chairman of the CPPCC National Committee and chairman of the Nine Dragons Paper Co., Ltd., to promote the abolition of the idea of "no fixed term labor union" and bombardment of the new law.

This is a new law aimed at improving the domestic labor relations in China. Foreigners are most concerned about whether they need to pay for the implementation of the new law.

Forbes magazine has "big layoffs!"

In prosperous China? "

To address the problem of "raising costs by new legislation", which implies the unprecedented prosperity of China's economy, there is a general phenomenon of large-scale layoffs among enterprises. The source is the new labor contract law.

It has increased the cost of employment and forced large-scale layoffs.

Is the labor contract law really scary?

How much can the new law increase the cost?

Public opinion is not one-sided, but the objective media still use facts to speak.

Singapore's Lianhe Zaobao wrote "the controversy over the labor contract law" has heated up. It analyzed the new law from many angles and emphatically and deeply. It quotes Sun Baoshu, Vice Minister of the Ministry of labor and social security of China, and points out that "the new law makes the cost of enterprises increase in fact very limited".

India information online distinguishes the impact of the new law on China's economy.

Although there is a view that the new law raises the cost of enterprises and slander China's manufacturing industry, the difference is that the labor contract law is a milestone in China's labor relations. The new law has changed China's image in the international community to some extent.

In addition to the rising value of RMB, the export tax rebate has been gradually reduced, and the cost of foreign-related enterprises has increased more from the global inflation. The labor contract law is not the main reason.

Lianhe Zaobao pointed out that the increase in the cost of employment of employers in China was only due to misreading of the new law, and the aggravation of the tension of labor relations. The most direct loss would be the loss of talent in enterprises.

Experts suggest that employers should exchange more with professionals and correctly interpret the new law under the professional guidance of HR experts.

Excessive brain drain will bring potential threats to enterprises such as separation costs, replacement costs, training costs, time cost losses, and the loss of business secrets and customer resources.

Zhai Jiman, assistant director of the Yi Cai group and director of the center for human resources R & D at Yi Cai, said that Yi Cai group, as one of the popularization units of the new law, and the largest professional human resource outsourcing service in China, has established vertical branches in more than 60 cities throughout the country. It has the obligation to explain all kinds of misunderstandings in the society by using its professional knowledge, so as to avoid some enterprises from blindly following the law, and to help enterprises retain talents and reduce unnecessary costs arising from evading the new law.

In addition, the labor contract law caused a rise in the cost of labor.

Japan's Tokyo News reported that the survey report on overseas direct investment in 2007 released by the International Cooperation Bank showed that China will also be the preferred destination country for Japanese enterprises to invest and sell in the next ten years.

In the next three years, China is still the best investment destination country; in the surveyed enterprises, China ranks second in the proportion of 67%.

South Korea's Chosun Ilbo also said that if China strictly implements the new labor contract law, the quality of labor will have to be improved and the quality of Chinese products will also improve.

Coupled with technological development, the entire economic and industrial level will be greatly improved.

With the more specialized subdivision of HR, the growth of professional human resources outsourcing services, the one-off contract and dispatching system will become popular, and the labor relations will be normalized.