Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October 25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock Exchange of Hanoi; the Stock Exchange of Ho Chi Minh and the Vietnam Securities Depository.
Securities trading organizations shall manage their employees, determine planned payroll budget, piece rate, salary advances and realized payroll and pay salaries and bonuses under section2, Article 9, 10 and 13 Section 3 and 4 of the Circular No. 26/2016/TT-BLDTBXH dated September 01, 2016. For the purpose of determination of the planned average pay rate according to the average productivity and profit . The planned average labor productivity shall be equaled to estimated averaged number of employees divided by total estimated revenue; besides, the annual realized average labor productivity (or of the immediately preceding year) is equaled to actual average number of employees in the year (or the immediately preceding year) divided by total annual realized revenue (or of the immediately preceding year).
Policies on management of employees, salaries, remunerations and bonuses shall apply on January 01, 2016.