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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. It’s the employer’s duty to ensure the health and safety of their employees.

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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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Benefits and Challenges of Expanding to Canada

Globalization Partners

For this reason, you’ll likely find consumers for your company’s products and services. In 2019, the goods and services trade across that border totaled about US$718.4 Navigating regulations. Regulations also restrict international exports in some markets. Moreover, Canada’s economy is highly stable.

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Global Compliance: How to Stay Compliant When Hiring Internationally

Velocity Global

For companies expanding internationally, failing to adhere to local labor regulations may result in fines, tax penalties, and other legal issues that hinder business and productivity. Follow this useful guide to develop global compliance protocols in any country. Reach out today to learn more about staying with global hiring.

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How Can Your Company Overcome the Challenges of Global Mobility?

Globalization Partners

To avoid any misunderstandings or issues in the long term, ensure your global mobility policy encompasses every aspect of employee relocation, from compensation for flights to compliance with international labor laws. A global mobility strategy should cover: Data privacy regulations. Keep up with changing in-country regulations.

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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. What are the regulations for fintech? How Covid-19 impacted fintech.

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How to Create an Independent Contractor Agreement

Globalization Partners

For instance, if your country has a strong state healthcare program, you may not have a legal obligation to offer your employees health insurance. They often include health insurance and paid holidays, vacation days, sick leave, and maternity or paternity leave. Nevertheless, you must generally provide some form of benefits.

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