2019 will bring with it numerous legislative changes that will impact HR professionals and the employees they support. These changes will take place across dozens of countries and regions, including the United States, the UK, LATAM, and several APAC nations. With so many new laws, updated regulations, and amendments coming, it can be challenging to navigate such an expansive legislative landscape—and that’s why Velocity Global partnered with SHRM for an illuminating webinar that highlights 2019’s major legislative changes.
Regions Covered in the Webinar
Organizations face a number of considerations when expanding into new international markets—not least of which is complying with local labor laws and regulations. These regulations vary from country to country, making it imperative that HR professionals stay abreast of changes coming down the pipeline. This webinar covered legislative changes for tax, visa, pension, anti-harassment, and other considerations concerning:
- The United States
- Latin America
- The Asia-Pacific Region
- Brexit and how it may impact global businesses and
- Solutions to navigate these changes—all while remaining compliant with local labor laws
The Webinar Was Led by Velocity Global COO, Rob Crabtree, J.D.
Rob began the webinar by addressing regions covered, and how companies can remain agile while complying with legislatives changes across these regions. Beginning with the United States, he covered:
- New overtime eligibility laws
- Minimum wage requirements
- Social Security wage base increases
- Form W-4 language changes
Transitioning into APAC, Rob outlined key amendments to Singapore’s Employment Act, China’s abolition of a number of work permits and new Individual Income Tax (IIT), and Japan’s new overtime limits for both SMEs and large employers. He then highlighted Hong Kong’s changes to anti-harassment legislation, Australia’s updated Fringe Benefits Tax (FBT), TSS work visa requirements, and its new Global Talent Scheme designed for businesses to attract top foreign talent. Rob concluded changes in APAC by noting Korea’s controversial minimum wage hike before moving on to mandatory union contributions in Brazil, and arbitrary dismissal compensation updates in Peru.
Germany, the UK, and Brexit
Germany—the EU’s economic engine—will see minimum salary increases for non-EEA nationals applying for an EU Blue Card. On the UK, Rob highlighted pension contribution increases, termination payment updates, and new information on how EU nationals can apply for settled status after Brexit’s March 29, 2019 deadline. With so many “what ifs” hanging in the air over Brexit, Rob stressed the importance of remaining agile during uncertainties, providing examples of how organizations can do so.
Remaining Agile During Uncertainty with an Experienced Expansion Partner
Prior to answering a number of questions from attendees, Rob concluded his remarks by highlighting the flexibility Velocity Global’s International PEO (Professional Employer Organization) solution offers businesses—no matter where they are in their global expansion journey.
On-demand viewing is available through March 2019 for those who could not attend. The webinar runs for 60 minutes, including both presentation and Q&A.
Viewing this webinar in full earns one recertification credit hour towards SHRM-CP and -SCP recertification, as well as those seeking recertification from the HR Certification Institute.