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On English Translation of Labor Contract Law
There are many changes in the promulgation of the new Labor Contract Law. More people pay attention from the perspective of workers' interests. For example, recruitment and employment contracts require refinement; The probation period is specified in detail, and the operable economic compensation reflects the value of labor; Open-ended labor contracts are set to maintain stability, and so on.

At the same time, many companies take a negative response, such as resignation, labor relations sent to labor relations, and so on. Defending one's own interests aims at trying to reduce labor costs. Does the new Labor Contract Law bring benefits or disadvantages to enterprises? I believe the benefits outweigh the risks. The increase of enterprise cost will become an opportunity. The labor force is too cheap, ignoring staff training. If this situation continues, the quality of workers will not be improved, which will have a far-reaching impact on the competitiveness of enterprises. If an enterprise cannot blindly rely on low-cost labor to develop its competitive advantage, it should strive to carry out technological innovation, improve labor productivity, and seize the initiative in future competition. From another perspective, the increase in costs will be an opportunity for enterprises. "Labor Contract Law" will become a booster for the upgrading of enterprises in China and provide a fundamental guarantee for the development of enterprises.