Remove Global Hiring Remove Insurance Remove Jobbing Remove Payroll
article thumbnail

Expat Employee Benefits: Considerations for Global Employers

Velocity Global

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.

Payroll 97
article thumbnail

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.

Payroll 97
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

How to Attract Today’s Top Talent: 5 Perks Employees Expect

Globalization Partners

A perk can be anything from private health insurance to stipends for home office equipment or extra time off. Seventy-two percent of employees would be more satisfied with their jobs if they were offered better perks. Pet insurance. The evolution of employee perks.

article thumbnail

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
article thumbnail

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. Payroll taxes. When you hire employees, you add them to your company’s payroll. You issue their paychecks on a regular schedule through your payroll department.

Payroll 95
article thumbnail

Advantages and Disadvantages of Using an Umbrella Company

Globalization Partners

They are not employees of the companies they work for, so they are not placed on companies’ payrolls and do not receive benefits. In some countries, benefits packages may also include health insurance policies and pension schemes. Contractors offer their services temporarily to various clients. Benefits for companies.

Payroll 96