Remove Global Hiring Remove Insurance Remove Jobbing Remove Out-Tasking
article thumbnail

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. Roles and Tasks Experienced employees generally earn higher salaries than inexperienced employees. Learn more: What Are Statutory Benefits?

Payroll 97
article thumbnail

Boost Global Workforce Retention By Overcoming These Five Challenges

Velocity Global

When employees leave for jobs at other organizations, all of HR’s hard work goes to waste—and their company is left with the tab. . Companies also miss out on productivity from the lost employees while HR undergoes the lengthy process of finding, hiring, and training their replacements. . Gallup estimates that U.S.

Payroll 52
professionals

Sign Up for our Newsletter

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

article thumbnail

How to Create an Independent Contractor Agreement

Globalization Partners

Contractor agreements are important because they define the company-contractor relationship and lay out the expectations for the job. For instance, if your country has a strong state healthcare program, you may not have a legal obligation to offer your employees health insurance. Contractors do not receive these benefits.

Payroll 95
article thumbnail

Global Employee Benefits: How to Attract and Retain Top Talent With the Right Benefits Packages

Velocity Global

After months of sourcing, interviewing, and evaluating an endless parade of job applicants, you’ve finally found the ideal candidate for a hard-to-fill role. You extend a job offer and wait for their response. The obvious job considerations jump out—pay, title, time off. Dental insurance. And wait some more.

article thumbnail

Advantages and Disadvantages of Using an Umbrella Company

Globalization Partners

With the rise of “the gig economy,” many workers are contracting themselves out as freelancers rather than becoming employees of a single company. In some countries, benefits packages may also include health insurance policies and pension schemes. Benefits for companies. However, this option is limited to contract work.

Payroll 96