| | NOVEMBER 20224 The business world is hardly new to workforce localization. From the US to UAE, the nationalization has snowballed over the decades to promote employing the local population in a meaningful and efficient manner in the public and private sectors. In fact, this doesn't even remotely mean that you must refrain from acquiring foreign talents, but the regulations you must comply with have become a lot more stringent. Cambodia has a fairly transparent system to accommodate foreign employees and has announced a set of rules and regulations for employers to follow. The Cambodian government has opened `the foreign employee quota application' for businesses for 2023. Businesses that want to hire a foreign employee must apply for this quota before obtaining a work permit for the employee. According to the quota system, only 10 percent of a Cambodian company's total workforce can be foreign nationals. This, too, has a substratum: office employees-- three percent; skilled labor--six percent; and unskilled labor--one percent.On the other hand, businesses in Cambodia can exceed their foreign employee quota if they adhere to certain rules mandated by the government. The employers need to submit a request to the Ministry of Labor and Vocational Training to employ excess foreign employees, with their employment contract attached. They subsequently need to complete the work permit application through the FWCMS, and pay the work permit fee before acquiring the visa permit for the foreign employee. The foreign employee quota application deadline ends at the end of November 2022. We have curated some interesting stories from Cambodia's business realm in this special issue. Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialRoute Map to Hire Foreign Talent in CambodiaVol 04 · Issue 4-5 ·NOVEMBER, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine price is $50 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Designer Varun B Visualisers Asokan S VVP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Heena Kousar Aveek Pal Chaudhuri Mandvi Singh | |SEPTEMBER 20192Consultants ReviewWe don't create ads,we create brandsA Design and Technology consulting company with proven compentency in Branding, Mobile Application and Web Application Development with creative concept development, Film-making, UX/UI designing, Graphics Designing & Web Designing.TALENTED MINDS, WE ARE HIRING!iOSAndroidWebUX / UIBrandingTALK TO US FOR CUSTOM QUOTE +91 70499 03333 | info@corporatemotionpictures.in
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