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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. It’s the employer’s duty to ensure the health and safety of their employees.

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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. How Do You Calculate Employee Cost of Living?

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Global Compliance: How to Stay Compliant When Hiring Internationally

Velocity Global

Citizenship and Immigration Services and, in some cases, the Department of Labor. One major concern for companies expanding internationally is conducting payroll overseas. Incorrect payroll contributions or late payments lead to penalties and fines as well as reputation damage in the foreign market. In the U.S.,

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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. Tech giant Apple made headlines when it announced that its female workers would be offered free egg freezing services as an additional perk. Pet insurance. The evolution of employee perks.

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Boost Global Workforce Retention By Overcoming These Five Challenges

Velocity Global

Challenge #4: Delivering International Payroll Services. Making errors when delivering payroll for international employees is all too easy for HR teams. Furthermore, HR leaders with teams in more than one market must spend extra time learning various payroll interfaces and meeting the requirements of multiple foreign banks. .

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Benefits and Challenges of Expanding to Canada

Globalization Partners

For this reason, you’ll likely find consumers for your company’s products and services. In 2019, the goods and services trade across that border totaled about US$718.4 VAT rates, such as those for the goods and services tax (GST) and harmonized sales tax (HST) , vary significantly throughout Canada.

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Is It Time To Turn Your Foreign Independent Contractors Into Full-Time Employees? Three Ways to Find Out

Velocity Global

Independent contractors must register for statutory social insurances, while full-time employees receive benefits and insurance from their employers. Want to find out how Velocity Global can help you ensure compliance for your workers, so you can continue to grow safely and securely? Enter International PEO. Get in touch.