Velocity Global

FEBRUARY 20, 2023

For example, understanding the true cost of an employee allows your finance and HR teams to accurately budget for expansion into a new market. 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.

Payroll 97

Payroll Insurance Right-Sizing Administrative 97

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. Streamline international hiring with Globalization Partners.

Payroll 95

Payroll Insurance Jobbing Out-Tasking 95

Globalization Partners

AUGUST 23, 2022

For example, in some countries, health insurance is a required benefit, while in others, it’s not. Companies that choose to follow the traditional international employee relocation or hiring process will have to: Set up global entities. Hire legal, tax, and finance experts in every country.

Regulations 52

Regulations Global Hiring Payroll Insurance 52

Globalization Partners

AUGUST 30, 2022

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. Generally speaking, this steep change in our day-to-day lives happened practically overnight. percent of GDP.

E-Commerce 52

E-Commerce Banking Payroll Insurance 52

Velocity Global

APRIL 11, 2023

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

Payroll Insurance Administrative Right-Sizing 52

Globalization Partners

OCTOBER 24, 2022

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. How Covid-19 impacted fintech.

Marketing 40

Marketing Banking Regulations Insurance 40

Velocity Global

OCTOBER 28, 2022

Contractors pay income taxes and national insurance contributions (NICs). Download our Expansion Checklist to prepare for your global hiring strategy. Preventing deemed employment also ensures that: Firms pay proper employment taxes for their workforce. Firms provide employees with appropriate benefits.

Payroll 52

Payroll Regulations Right-Sizing Global Hiring 52