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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.

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What Are Supplemental Benefits? Meaning, Examples, and Solutions for Global Employers

Velocity Global

For employers looking to hire talent, benefits play a significant role in today’s competitive global hiring landscape. Supplemental benefits are additional benefits an employer provides to enhance the worker’s medical, retirement, and insurance coverage. Supplemental Health Insurance.

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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. Pet insurance. Many employees are working from home for long periods of time, and adopting new pets to provide companionship, so companies can take advantage of the circumstances and offer pet insurance as an additional perk.

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

Velocity Global

For example, the unemployment insurance tax rate for new employers in Pennsylvania is 10.59% in the construction sector and only 3.82% in the non-construction sector. Other statutory benefits may include medical insurance, worker’s compensation, and a pension fund. Learn more: What Are Statutory Benefits?

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How to Create a Global Compensation Strategy That Boosts Talent Retention

Velocity Global

Despite the benefits of global hiring and expansion, international companies face several challenges when building a distributed workforce. One key pain point is attracting and retaining top global talent in a competitive hiring environment. Direct compensation refers to things like salaries and bonuses.

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Global Compliance: How to Stay Compliant When Hiring Internationally

Velocity Global

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. These burdens include but are not limited to VAT tax, health insurance, social security, retirement plans, paid time off, worker’s compensation, and holiday bonuses.

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Why the UK is Dominating Europe’s Fintech Market

Globalization Partners

Gore explained the ensuing domino effect: Many people left their banking, investment trading, and insurance jobs to start their own companies to address the inefficiencies they experienced while working in the banking and broader financial services sector. How Covid-19 impacted fintech.