13th month pay is an additional salary payment given to employees, typically at the end of the year, and is mandatory in some countries.
Why 13th Month Pay Matters
This mandatory benefit boosts morale and retention in applicable countries. Failing to provide 13th month pay can result in fines, reputational damage, and strained employee relationships.
How HSP Group Can Assist with 13th Month Pay
HSP Group manages the calculation and distribution of 13th month pay, ensuring compliance with local laws and seamless payroll processing. Discover our Global Payroll Solutions.