article thumbnail

Expat Employee Benefits: Considerations for Global Employers

Velocity Global

Plus, as global hiring becomes more competitive, comprehensive compensation is essential for attracting top talent. Below are four reasons global companies should administer competitive compensation and supplemental benefits to their expatriate talent.

Payroll 97
article thumbnail

How to Attract Today’s Top Talent: 5 Perks Employees Expect

Globalization Partners

A perk can be anything from private health insurance to stipends for home office equipment or extra time off. To help answer this complex question, here are five examples of the highest-ranking perks among global employees. Remote work and flexibility . Pet insurance. The evolution of employee perks.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is It Time To Turn Your Foreign Independent Contractors Into Full-Time Employees? Three Ways to Find Out

Velocity Global

Independent contractors must register for statutory social insurances, while full-time employees receive benefits and insurance from their employers. If you decide to shift your supported employees into a new market to test its profitability, International PEO offers the flexibility to make the switch easily.

article thumbnail

How Can Your Company Overcome the Challenges of Global Mobility?

Globalization Partners

Why is global mobility important for your company? According to coaching company Better Up, global mobility provides three significant benefits : Increased creativity and flexibility. For example, in some countries, health insurance is a required benefit, while in others, it’s not. Higher retention rates.

article thumbnail

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. Determining which markets show the best ROI for your company, however, requires the flexibility to easily test prime markets. Consider the following: While 8.6

article thumbnail

Advantages and Disadvantages of Using an Umbrella Company

Globalization Partners

In some countries, benefits packages may also include health insurance policies and pension schemes. Flexibility: You may also have more freedom when you work with an Employer of Record to choose your own employees in many cases and to manage them as true members of your company. Benefits for companies.

Payroll 96
article thumbnail

How Four of the World’s Largest Employers Manage Their International Workforces

Velocity Global

This approach helps Walmart deliver consistency across the world while providing local HR leaders the flexibility to accommodate their workers’ unique needs. Today, the company sells vehicles in 153 countries worldwide while providing financial services related to auto insurance, banking, fleet management, and more.