A GUIDE TO MASTERING THE COMPENSATION EVALUATION PROCESS

As a gesture of appreciation towards employees, salary review serves as a driver of motivation and commitment. This decision, made by the management, involves increasing salaries within a company. It is a strategic element for retaining talent. However, mastering this process is crucial to avoid counterproductive effects, including...

UNDERSTANDING AND MANAGING PAYROLL EXPENSES

Setting Gross Salary Based on Minimum Wage and Worker Category When drafting the employment contract, the company will determine the Socio-Professional Category (CSP) of the worker based on their acquired qualifications and professional experience. There are 5 groups of Socio-Professional Categories (CSP) in Madagascar. Employees with CSP codes M1,...

Minimum wage in Madagascar

Before recruiting a new employee, it’s essential to simulate hiring costs in order to fine-tune the company’s development plan. Wage-related costs play a key role in calculating hiring costs. For the private sector, both the employee and the employer are free to set the base wage, subject to...

REVAMP YOUR HUMAN RESOURCE MANAGEMENT FOR OPTIMAL EFFICIENCY

In the ever-evolving professional landscape, human resource management emerges as a key element for the prosperity of businesses. Today’s professionals face an increasing number of challenges, particularly in payroll management, labor laws, and the necessity to comply with strict tax regulations. Faced with these challenges, many companies are...

The goals of the employee’s formation

When recruiting, many employers opt for a candidate who has completed training in the field relating to the position to be entrusted, apart from the associated diplomas. If so, why still train employees? Staff training aims to provide an employee with knowledge to improve business skills and enhance...

E-mailing: a tool’s performance for strategic marketing

Nowadays, it is essential for any professional or company to be able to justify the impact of their actions on the turnover of their company and on its growth. A good marketing strategy brings more profits, or profit , and attracts many more customers for a business. ...