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Debunking the Top 5 Myths About International Hiring

Globalization Partners

During their interactive talk on expanding businesses through global hiring, Suzanne McVey and David O’Reilly asked their audience what was the first thing that came to mind when considering international hiring. With this in mind, let’s take a closer look at the top five myths of global hiring.

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The Complete Guide to Employee Cost: How to Calculate the Cost of an Employee

Velocity Global

For instance, a junior graphic designer in New York City will likely require higher pay than a junior graphic designer in São Paulo because the cost of living is higher in New York City. Other statutory benefits may include medical insurance, worker’s compensation, and a pension fund. Learn more: What Are Statutory Benefits?

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Global Compliance: How to Stay Compliant When Hiring Internationally

Velocity Global

Within every country’s legal system there are labor laws designed to regulate and align business operations with the needs and rights of workers. Partnering with a global payroll provider allows a business to pay employees accurately and on time while accounting for employer burdens that involve social contributions.

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Advantages and Disadvantages of Using an Umbrella Company

Globalization Partners

Some umbrella companies market themselves as international umbrella companies designed to help contractors take on contracts from clients in various countries and get paid in legally compliant ways. In some countries, benefits packages may also include health insurance policies and pension schemes. Benefits for companies.

Payroll 96
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IR35 Legislation: How It Works + Compliance Checklist

Velocity Global

IR35 legislation, also known as intermediaries’ legislation or “off-payroll working rules,” is designed to close the “deemed employment” tax loophole when firms hire contractors to fulfill the roles of employees. Contractors pay income taxes and national insurance contributions (NICs). The contractor does not use a PSC.

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Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

The number of unemployment-insurance claims eclipsed the total number of claims submitted during the 18 months of the Great Recession. Overcoming a recession requires strategies designed to meet the current economic landscape. Consider the following: While 8.6 Strategy #1: Expand Your International Presence.