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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. Direct compensation refers to things like salaries and bonuses.

Payroll 52
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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. A clear example of this is in Open Banking. How Covid-19 impacted fintech.

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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. Contractors are responsible for accounting for their own social security contributions with their income taxes each year. When you hire employees, the law usually requires you to offer certain benefits.

Payroll 95
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How Four of the World’s Largest Employers Manage Their International Workforces

Velocity Global

While Walmart maintains a centralized company HR strategy, the company empowers its regional HR directors to customize their approach to account for local differences—from cultural and religious expectations to local labor laws. Buffett holds his workforce accountable to general guidelines rather than strict expectations. “We

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Current Trends Shaping EMEA’s Tech Sector in 2022 and Beyond

Globalization Partners

The uniform and high-speed digitization has had an instantaneous effect on various sectors, such as healthcare, insurance, education, retail, and food delivery, making us rely on core and fringe technologies more than ever. This will see the government bring AI’s contribution to GDP to 5 percent and create 50,000 AI jobs by 2025.

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Debunking the Top 5 Myths About International Hiring

Globalization Partners

During their interactive talk on expanding businesses through global hiring, Suzanne McVey and David O’Reilly asked their audience what was the first thing that came to mind when considering international hiring. In order to ensure compliance, you’ll have to find a local payroll provider, accountants, lawyers, and HR advisors.