Velocity Global
MAY 25, 2023
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.
Velocity Global
DECEMBER 16, 2022
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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Globalization Partners
SEPTEMBER 30, 2022
A perk can be anything from private health insurance to stipends for home office equipment or extra time off. Tech giant Apple made headlines when it announced that its female workers would be offered free egg freezing services as an additional perk. Pet insurance. The evolution of employee perks.
Velocity Global
FEBRUARY 20, 2023
Employers calculate employee cost of living by adding up the costs of goods and services on which consumers spend their money in the employee’s city or region of residence. 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.
Globalization Partners
APRIL 28, 2022
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.
Velocity Global
JUNE 28, 2022
Citizenship and Immigration Services and, in some cases, the Department of Labor. Because most payroll providers based in a company’s home country do not cover international employees, an enterprise must outsource payroll services within its foreign markets using a third-party provider. In the U.S.,
Globalization Partners
AUGUST 23, 2022
For example, in some countries, health insurance is a required benefit, while in others, it’s not. While perhaps one of the standout benefits of supporting global employee relocation is that it helps retain your world-class talent, it is also a strategic way to test new international markets. Employee wages and benefits :?Each
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