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

Velocity Global

Calculating actual employee cost is a critical factor for making sound financial decisions, no matter your company size or industry. Employee cost comprises several factors, such as employee salary, payroll taxes, supplemental benefits, and other expenses like company retreats and overhead.

Payroll 97
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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. Title VII of the Civil Rights Act of 1964.

Payroll 52
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Global Talent Acquisition: How to Find and Hire the World’s Brightest Talent

Velocity Global

To gain a competitive edge in foreign markets and ensure seamless growth, companies must comply with local labor laws and consider cultural norms in every market where they hire talent. Read on to learn how to easily recruit the right talent for your organization’s unique hiring goals—no matter where they’re located.

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Boost Global Workforce Retention By Overcoming These Five Challenges

Velocity Global

In today’s hyper-competitive hiring landscape, HR teams spend months identifying, recruiting, and onboarding top talent. 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. . Challenge #4: Delivering International Payroll Services.

Payroll 52
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Strategic Compensation Management for Remote Workers

Globalization Partners

HR managers know that to attract and retain top talent, they need to develop a compensation package that will effectively position their company on the job market. Company size and type. How much companies pay their remote employees also depends on the company size and the type of operation. Worker location.