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

Velocity Global

Employee cost comprises several factors, such as employee salary, payroll taxes, supplemental benefits, and other expenses like company retreats and overhead. The costs include gross salary, payroll taxes, and additional expenses like supplemental benefits. For example, the statutory pension tax in Quebec in 2023 is 12.8%

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How to Avoid the Risks of Independent Contractor Misclassification

Velocity Global

Hiring contractors overseas has many benefits and offers more flexibility in global expansion. What Is Independent Contractor Misclassification? Independent contractor misclassification refers to the illegal practice of categorizing employees as contractors, which denies them their entitlement to benefits and other legal protections.

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Indefinite Employment Contracts: Everything Global Employers Should Know

Velocity Global

While the type of contract depends on employer needs and resources, indefinite contracts are the most common agreement outside of the United States. Table of Contents What Is an Indefinite Contract? Table of Contents What Is an Indefinite Contract?

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Top Tips for Managing Payroll Teams

Immedus

We talk a lot on this blog about the critical role payroll plays within every organization, no matter the size. It is, after all, responsible for making sure that the company is not only in compliance with statutory regulations but also responsible for making sure people get paid. How many full-time employees resources support payroll?

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What Is an International PEO? A Complete Guide for Global Employers

Velocity Global

In our guide, learn about the role of an international PEO, the benefits of working with an international PEO, and how to reach your global business goals with the right partner. Table of Contents What Is International PEO? What Does an International PEO Do? What Does an International PEO Company Do?

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

Velocity Global

What Is Global Talent Acquisition? Identify the talent and resources you need to meet current deadlines and create a plan for pivoting if growth is slower or faster than expected. Start by asking the following questions: What is the economic outlook in your target markets? What are the cultural norms in your target markets?

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GKN Aerospace — Journey to integrated business planning

IBM Business Partners

Expanding for growth What started as site-level planning gradually transformed into a comprehensive initiative to standardize processes and reporting across multiple sites and business lines. What departments are Planning Analytics used for? This integration helps streamline operations and enables data-driven decision-making.