News & Insights

Late THR Payments – Penalties and Consequences

The Ministry of Manpower has regulated on Surat Edaran (SE) M/6/HI.00.01/V/2020 that the disbursement of religious days allowance (Tunjangan Hari Raya/THR) in 2020 can be postponed if the company’s financial condition gets impacted by the Covid-19 pandemic as long as the employees agree. However, the last disbursement of THR cannot

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New Covid Cluster: Office Fingerprint Absenteeism. Are the replacements?

In July 2020, the Indonesian Covid-19 task force’s team received reports about the increasing numbers of CoronaVirus clusters emerging in offices. Achmad Yurianto -the Government’s Covid-19 Spokesman advised that in Semarang, Jawa Tengah the CoronaVirus contagion happens through a fingerprint absenteeism machine. Moreover, it happens due to the poor health

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New Calculation Formula of Pension Fund 2020

There is an amendment to the pension fund program (Jaminan Pensiun/JP) of BPJS Ketenagakerjaan, which is regulated by the Government Regulation (Peraturan Pemerintah/PP) No. 45 Year 2015. Per 1 March 2020, the maximum wage used in JP calculation is changed from Rp 8.512.400 to Rp 8.939.700. Example: An employer in

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How to Calculate Turnover Rates

Labor turnover (LTO) rate is the ratio of the amount of employees who stops working for the company, either by resignation or lay-off, to the average total employees in a period of time. Turnover rate can be calculated on a monthly basis or yearly basis, depending on the company budget

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How to Build a Great Startup Team

Most entrepreneurs are first-time managers and we should admit that doing things for the first time can be intimidating.  Greg Skloot, the Founder of Weekly Update answered this prime question about the best way to manage employees in a Startup.  Remove Ambiguity The #1 cause of bad management in startups

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Effectively Manage a Startup Team of 5-15 Employees

“I want my startup to be big and dominate the world”  This might occur in all business owners’ heads when they are building a startup business, but some have no clear roadmap on how they should treat their business, having a team of 5 is easy to manage, but what

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