Velocity Global

APRIL 11, 2023

What Is Global Compensation? In contrast, indirect compensation refers to all employee benefits beyond base salary, such as health insurance contributions, retirement funds, and employee stock options. Base Pay Base pay refers to employees’ monthly salary or wage. We discuss each of these in detail below.

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Velocity Global

FEBRUARY 24, 2023

However, companies interested in engaging German employees must also adhere to the country’s local labor laws, which include providing mandatory benefits. Beyond mandatory benefits, employers should also provide supplemental benefits to their employees in Germany if they want to attract and retain top talent.

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Velocity Global

NOVEMBER 23, 2022

Companies seeking to expand their remote workforce into Canada must adhere to the country’s unique labor laws, which include providing mandatory employee benefits. Read this guide to understand mandatory and supplemental employee benefits in Canada and learn what you should offer to ensure compliance and keep your talent happy.

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Velocity Global

MAY 10, 2023

Hiring employees in France is an exciting growth strategy for global companies. Still, providing required entitlements to prospective employees isn’t enough to retain top talent. Read this guide to learn mandatory and common employee benefits in France and how to compliantly provide these benefits to your workforce in the country.

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Velocity Global

MARCH 16, 2023

To calculate payroll in the Philippines, first determine your employee’s gross pay. Then add the total annual payroll taxes you must pay on your employee’s behalf. What Are the Payroll Taxes in the Philippines? for employees, with a cap of ₱1,900 for employers and ₱900 for employees. for employers and 4.5%

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Velocity Global

NOVEMBER 9, 2022

Employees today demand more than a competitive salary. Fringe benefits are a significant consideration for employees who increasingly value flexibility, work-from-anywhere policies, and life-work balance. Employers offer fringe benefits in addition to statutory benefits to create a comprehensive and competitive benefits package.

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Velocity Global

DECEMBER 7, 2022

However, hiring employees in Italy is complicated and nuanced. However, hiring employees in Italy is complicated and nuanced. Overlooking CBA regulations and leave entitlements, or misclassifying employees can result in fees, reputational damage, and more. Hiring Employees in Italy: 2 Options for Global Employers.

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Zinnov

OCTOBER 5, 2023

What is an Employer of Record (EOR)? While the EOR solutions for complex HR and compliance tasks as well as assume responsibilities against legal liability, operational control and management of employees remain with the client organization.

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Velocity Global

MARCH 24, 2023

Compliance is critical to managing global payroll for international employees—especially because payroll regulations vary worldwide. What Is Global Payroll? Global payroll refers to the management of all payroll operations for employees in multiple countries. What Is Payroll Compliance? First, let’s define global payroll.

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Velocity Global

FEBRUARY 17, 2023

Still, hiring employees in the U.S. The following guide outlines how to hire employees in the U.S. Can a Foreign Company Hire Employees in the U.S.? Yes, a foreign company can hire employees in the U.S. employees: setting up a legal entity or partnering with an employer of record (EoR). Not only do U.S. expansion.

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Velocity Global

DECEMBER 22, 2022

Employers can engage contractors for specialized projects, save time and money that would otherwise go toward hiring full-time employees, and test a new workforce in an international market. Contractor misclassification leads to fines, employee entitlement back pay, and legal headaches. What Is Independent Contractor Misclassification?

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Velocity Global

MAY 2, 2023

Employee arrangements vary worldwide, but a compliant employment contract is required no matter your talent’s location. Read this guide to learn the pros and cons of indefinite contracts, what to include in an indefinite contract, alternative contract types, and how to ensure compliant contracts for your global talent.

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Immedus

SEPTEMBER 14, 2021

We talk a lot on this blog about the critical role payroll plays within every organization, no matter the size. It is, after all, responsible for making sure that the company is not only in compliance with statutory regulations but also responsible for making sure people get paid. How many full-time employees resources support payroll?

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Velocity Global

MAY 15, 2023

Paid maternity leave undoubtedly improves employee wellbeing and talent retention, making it a necessary employee benefit that companies should offer talent across the globe. The Family Medical Leave Act (FMLA) requires employers with 50 or more employees to offer workers a minimum of 12 weeks of unpaid maternity leave each year.

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Velocity Global

NOVEMBER 16, 2022

However, hiring employees in Singapore can be difficult for global employers who must navigate challenges like complicated tax laws and strict immigration policies. How to Hire Employees in Singapore: 3 Ways. A traditional route to hiring employees in Singapore is setting up a legal entity. Comprehensive and statutory benefits.

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Velocity Global

JUNE 7, 2023

and international companies that send foreign employees on assignment to Mexico or allow them to relocate and work in Mexico must prioritize their employees’ safety and health insurance coverage. Mexican labor law requires qualified employers and employees— local or expat—to make contributions. In fact, an estimated 1.6

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Velocity Global

MAY 8, 2023

13th-month pay is a common type of compensation that employers offer international employees on top of base salary. Providing 13th-month pay to employees is customary in certain countries and required by law in others. Table of Contents What Is 13th Month Pay? Is 13th-Month Pay Mandatory? Who Is Entitled to 13th-Month Pay?

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Velocity Global

MAY 23, 2023

Table of Contents What Is International PEO? What Does an International PEO Do? Benefits of International PEO Services When to Use an International PEO How to Select an International PEO International PEO FAQs Hire Talent Anywhere With Velocity Global What Is International PEO? What Does an International PEO Company Do?

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Velocity Global

APRIL 28, 2023

Read this guide to learn what the global marketplace is, the associated benefits and challenges, and the four main methods businesses use to enter new markets. What Is the Global Marketplace? Plus, find out how to simplify global expansion and eliminate compliance risks along the way.

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Velocity Global

OCTOBER 4, 2022

Here are some fundamentals to know when hiring remote employees in Germany. Social security contributions are shared equally between the employer and the employee and include national pension, universal health insurance, national unemployment insurance, and old-age nursing care. Employment in Germany 101. Leave Entitlements.

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Velocity Global

MAY 19, 2023

What Is Global Talent Acquisition? Once you know where you are now, what your long-term goals are, and what resources you need to achieve them, start filling in gaps, opening new roles, and hiring the talent you need to implement your plan. What can the local talent pool offer for specific roles you need to fill?

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Velocity Global

OCTOBER 20, 2022

Expanding overseas and hiring employees in Australia is a great way for remote employers to grow their businesses in the APAC region. However, onboarding foreign workers presents challenges for global companies, such as knowing how to correctly classify employees versus contractors and remaining compliant with local labor laws.

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Mercans

JANUARY 26, 2023

In some countries, you need a system that complies with the government and ensures employees get their just compensation. In some countries, you need a system that complies with the government and ensures employees get their just compensation. It automatically flags up any anomalies or issues with employees’ tax data.

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Velocity Global

MAY 22, 2023

The company enlisted the help of Velocity Global, who had successfully onboarded more than 35 supported employees across 11 countries in just one year. The ability to retain star employees plays a pivotal role in Velocity Global’s success in helping businesses thrive.

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Velocity Global

APRIL 21, 2023

By offering employees international opportunities, businesses can attract top talent, diversify their workforce, and gain a competitive advantage amid economic uncertainty. In this guide, we explain what global mobility is and outline its benefits and challenges. Table of Contents What Is Global Mobility?

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Velocity Global

JANUARY 9, 2023

This guide covers everything global businesses need to know about hiring employees in Mexico. How to Hire Employees From Mexico: What Are Your Options? Foreign businesses can hire employees in Mexico by setting up a legal entity or partnering with an employer of record. Read more: What Is an Employer of Record?

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Velocity Global

DECEMBER 15, 2022

However, hiring employees in the Netherlands entails setting up a legal entity and complying with local employment laws, which is overwhelming to manage on your own. This guide helps you navigate employment in the Netherlands by summarizing the key points of Dutch labor law and explaining how to compliantly hire employees in this market.

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Safeguard Global

JUNE 10, 2020

With so many multinational companies nervous about what constitutes a full-time salaried employee, interest in partnering with umbrella companies is quickly growing. What is an umbrella company? Here’s a snapshot of what both client companies and contractors can expect. For instance, in the U.K.,

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Velocity Global

APRIL 26, 2023

As the Great Resignation continues, increasing quit rates coupled with low unemployment rates are making the talent marketplace more competitive than ever—and employees are more choosey about their employers. To make matters worse, only 1 in 5 employees are engaged with their jobs , with many saying they are actively “miserable” at work.

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Velocity Global

APRIL 17, 2023

In another report by LinkedIn , 87% of employees said that they want to remain remote most of the time While some companies have found the hiring process more difficult—especially for those working from other states or countries—the benefits make it more than worth it. Companies with more engaged employees are also more profitable.

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Velocity Global

JANUARY 25, 2023

By granting a small percentage of company ownership, employers set themselves apart from the competition, boost employee engagement, and reduce employee churn. As companies expand globally, many employers face challenges with granting stock options and other equity awards to foreign employees.

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Paysquare

JULY 11, 2023

In this blog post, let’s explore how outsourcing payroll management can significantly improve compliance for startup companies. Accuracy and Timeliness: Payroll errors can result in penalties, legal issues, and dissatisfied employees. To alleviate these burdens, many startups are turning to outsource payroll management.

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Globalization Partners

DECEMBER 21, 2022

The G-P leadership team weighs in on global hiring trends, HR tech and what’s important to employees in 2023. We are living through a transformational age, redefining what work means for all of us along the way. Here are predicted trends to consider as you start to think about HR practices in 2023: Bob Cahill , CEO, G-P.

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Velocity Global

JANUARY 20, 2023

Foreign employers looking to hire employees in Malaysia must familiarize themselves with local legislation to avoid noncompliance penalties such as fines, back pay, and even imprisonment. This guide summarizes the main points of Malaysian employment law and explains how to compliantly hire employees in Malaysia.

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Mercans

FEBRUARY 8, 2023

Global payroll Global payroll refers to the process of managing and distributing the payment of wages and other compensation-related information for employees who work in multiple countries. Let’s step back a bit to understand what payroll is before we move forward. Employers withhold deductions from employee paychecks.

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Mercans

NOVEMBER 7, 2021

As laws and regulations relating to corporate activities increase and businesses executives spend more time on external and internal compliance efforts – a question arises about what the actual cost of non-compliance is. Compliance is becoming increasingly important to businesses globally. Why compliance is important.

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Safeguard Global

APRIL 19, 2019

If global expansion is on your radar, then you’ve likely come across something called international PEO as a potential avenue for adding employees in new locations around the world. Why co-employment doesn’t work internationally In co-employment, a PEO and its client share legal accountability for an employee.

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