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 Jakarta contributes 2% of the […]
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 period. Here is the formula […]
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 is ambiguity. This means people […]
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 have they prepared to expand […]
A Guide to Managing Your Remote Workers
The WFH decision may be a ‘yay’ or a ‘nay’ for some companies and individuals. Leaders will need to make sure that they are being supported with the right technology to carry out their business processes online. Harvard Business Review prepared a short guide on how to manage your remote workers: Establish structured daily check-ins […]
