News

Four-Day Work Week Phenomenon

In today’s fast-paced world, the traditional five-day work week is increasingly being challenged. A growing number of companies are experimenting with a four-day work week, offering employees a shorter workweek while maintaining full pay. This shift has sparked intense debate about its potential benefits, drawbacks, and feasibility. From improved work-life balance to increased productivity, the […]

By Spex
17.10.2024
Bonuses and Their Types 

Bonuses include rewards to stimulate the efficiency and motivation of employees in various fields of activity. Unlike a mandatory salary, a bonus is an additional financial bonus that a business entity can provide to fulfill certain conditions, achieve high results, or get special merits. In modern business, awards are essential in shaping corporate culture, attracting […]

By Spex
15.10.2024
What is Financial Assistance?

Difficult situations may arise in the life of every hired employee when additional support is required. In other cases, the Company may financially encourage employees for “positive” reasons. In such cases, financial assistance comes to the rescue—a type of social support that many companies provide. The Company can provide financial assistance to employees in various […]

By Spex
08.10.2024
Remote Worker vs Onsite Worker

In recent years, rapid technological advances have opened up new opportunities for work organizations. If it had been said 20 years ago that half the world would be able to travel, relocate, engage in personal activities, and maintain work/life balance without compromising their work – no one would have believed it. Now, remote work is […]

By Spex
03.10.2024
Work Permit in Belarus for Foreign Citizens

In recent years, Belarus has attracted more and more foreign citizens who want to find a job and build their careers. One of the critical steps of companies that are going to hire foreign employees is to study the issue of the need to obtain a work permit for a foreigner and obtain such a […]

By Spex
01.10.2024
What does PEO Stand for, and How is it Different from EOR?

In today’s increasingly complex business landscape, companies of all sizes are seeking ways to streamline their HR operations, ensure compliance, and focus on growth without getting bogged down in administrative tasks. Managing human resources (HR), payroll, taxes, benefits, and compliance with ever-evolving labor laws can be time-consuming and expensive. This is especially true for small […]

By Spex
26.09.2024
How to Open a Representative Office in Belarus

Opening a representative office of a foreign company in Belarus is an essential step towards expanding the business and strengthening its position in the Eastern European market. Belarus has a strategically convenient geographical location and developed logistics chains, which creates attractive conditions for investors who want to enter a new market. Despite some challenges related […]

By Spex
24.09.2024
What is a Business Project for HTP Resident Company?

Belarus has become an essential player in the international technology and innovation arena in recent years, mainly due to the Hi-Tech Park (HTP) development. This unique economic cluster provides favorable conditions for creating and conducting business projects, supporting startups and developing companies in IT and related technologies. In this article, we will look in detail […]

By Spex
17.09.2024
Requirements to Rent an Office in Belarus

In recent years, Belarus has attracted the attention of domestic and foreign entrepreneurs seeking to develop their businesses in this region. One of the critical steps on the way to a successful start is choosing and renting an office space. Removing an office may seem complicated and confusing, but knowing the main steps and requirements […]

By Spex
12.09.2024
10 Best Freelance Jobs That Pay Well: A Complete Guide

Freelancing has transformed the modern workforce, providing a flexible and lucrative career option for millions worldwide. Gone are the days when the traditional 9-to-5 was the only option. Today, people are embracing freelance employment, which allows them to take control of their work schedules, income, and professional paths. From freelance writing remote jobs to data […]

By Spex
10.09.2024
What is a Management Company in Belarus?

In the modern conditions of the dynamic development of the economy and the real estate market in Belarus, management companies are becoming an essential element of effective asset management and providing high-quality service to residential and commercial properties. The management company is an organization that takes responsibility for the management, operation and development of real […]

By Spex
05.09.2024
Replacement of a Belarusian Passport in Belarus and Abroad

A passport is the primary identity document of a citizen. Every citizen of Belarus from the age of 14 must have a passport. In every person’s life, it may be necessary to replace the passport. This may be due to reaching a certain age, changing your data, or losing your document. In this article, we […]

By Spex
29.08.2024
The Bank Does Not Make Payments: What to Do?

In today’s world, financial transactions have become an integral part of our daily lives. However, sometimes we encounter unpleasant situations when the Bank refuses to make payments. This can happen for various reasons, from technical failures and incorrectly entered data to suspected fraud or lack of funds in the account. This situation can cause stress […]

By Spex
27.08.2024
Features of Employment Contracts with Employees

In the modern world, labor relations are becoming more diverse and flexible, reflecting the changing realities of the economy and labor market. Developing and selecting the appropriate type of employment contract is a crucial task for both employers and employees. Each type of employment contract has its characteristics, which can significantly affect the working conditions, […]

By Spex
22.08.2024
Liability for Tax Evasion in Belarus

The issue of taxation always occupies an essential place in financial relations between citizens and the state. In Belarus, as in other countries, compliance with tax legislation is not only the right but also the duty of every citizen. However, individuals’ non-payment of taxes can lead to severe consequences. In this article, we will look […]

By Spex
20.08.2024
What is an NDA and Why Does Your Business Need One?

Ever signed a document before a business meeting but weren’t sure what it meant? You’re not alone. Many encounter the term “NDA” but aren’t quite clear on its purpose. Fear not! This blog post from Spex.by is your one-stop guide to understanding NDAs. We’ll break down the meaning of NDA (Non-Disclosure Agreement), delve into its […]

By Spex
15.08.2024
Who are the Self-employed, and Can They Work in IT?

In the modern world of technology development, there are more and more opportunities for self-employment of specialists in various fields. Self-employed professionals work for themselves, offering their services to clients without forming a traditional employment relationship. In recent years, this employment format has been actively penetrating the field of information technology, opening up new horizons […]

By Spex
08.08.2024
Mastering Time Management: Strategies for Success

Time management is a critical skill that plays a vital role in achieving success and maintaining balance in our lives. In today’s fast-paced world, where distractions are abundant and demands on our time are high, mastering time management is essential to getting the most out of every day. But why is time management important and […]

By Spex
06.08.2024