Australia Regulatory Updates – November 2021

Several updates have been made to many of the regulatory policies in Australia over the past few months. From reduced tax rates to extended paid leave accessibility, below are some of the key updates employers will want to make note of.

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Regulatory Updates in Northern & Western Europe

Throughout Northern and Western Europe, various new labor laws have been implemented, and many notable amendments have been made to those already in effect for the year of 2021 and beyond. Below are some of the highlights of these new laws and amendments in specified European countries.

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Italy Implements COVID-19 Relief Bill to Employers and Employees

With the intent to aid both employees and employers during the COVID-19 pandemic, Italy implemented a COVID-19 Relief Bill, “Ristori-bis,” which has been effective in the country since October 24th, 2020. The significant factors entailed in the decree are set out below. The obligation to make contributions to social benefits are suspended.

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Employee Stock Option Tax and New Leave in Canada

Canadian government officials have introduced several new provisions for the year of 2021, including a new employee stock option tax structure, and new leave options. Beginning July 1,2021, eligible businesses will be offered a new structure for taxation of their Employee Stock Option. Preferential tax treatment may be applicable to some employees at an annual vesting max of CAD 200,000.

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COVID-19 Relief and LTC Changes in India

Given the immense impact that the pandemic has had on travel and employment, government and finance officials have implemented several Covid-19 relief packages and LTC changes in India. The Indian Parliament has now passed 3 main labor reform bills for 2020; the Social Security code, the Industrial Relations Code, and the Occupational Safety, Health and Working Conditions Code.

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Changes to Leave Policies in Ireland

Ireland leave changes for 2020 include increases in unpaid parental leave time, and introduction of new paid sick and parental leave (CoVid-19) Bill. As of September 01, 2020, the unpaid parental leave time in Ireland has been raised from 22 weeks to 26 weeks per parent.

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Australia Increases Annual Leave Time for Employees

In light of the current pandemic, many employers around the world have began to implement changes into their workplace policies, especially those pertaining to leaves. Employees in Australia are now provisionally entitled to take up to two-times their annual leave at half-pay.

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Best Ways to Communicate with a Global Team

The recent pandemic shined a light on many businesses’ ability to survive as employees were forced to work from home. Remote work has been a topic of debate for many years, but often wasn’t considered a realistic option.

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How Businesses Can Adjust to a Remote Workforce

How is your business adjusting to the coronavirus outbreak? Is remote work impacting productivity? Are you able to measure and track that impact? These are just a few of the important questions to consider during these challenging times.

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