A salary review is the process of evaluating an employee’s salary to ensure it is competitive, fair, and accurately reflects their work performance. … Companies should perform regular salary reviews to determine their employees’ overall performance, growth potential, and progression toward goals and achievements. Salary reviews help companies make informed business growth decisions and improve …
Type: Glossary
Retro pay, or retroactive pay, is the compensation an employer owes an employee due to a payment shortfall during the previous pay period. … Retro pay compensates for the discrepancy between the wages an employee is entitled to and the actual amount they receive. Retro pay rectifies payroll errors such as overlooked raises or miscalculations in overtime pay. Employers often add retroactive pay to …
Type: Glossary
Geographical discrimination refers to the unfair treatment or prejudice against individuals based on their geographic location or country of origin. … In the workplace, geographical discrimination occurs if an employer treats a job candidate or employee differently based on their location or place of origin. Geographical discrimination can include discriminatory employer behaviors toward an …
Type: Glossary
A wholly-owned subsidiary is a company entirely owned and managed by another company, known as the parent company. … The parent company owns the subsidiary's common stock and fully controls its operations, policies, and management. Despite being subject to the control and influence of the parent company, the subsidiary still operates as a separate legal entity and keeps its management structure, …
Type: Glossary
Type: Resource (Video)
Brazil’s enormous consumer base highly skilled talent pool and open attitude to foreign investment make it an ideal market for global companies.However navigating Brazil’s complex payroll tax regulations on your own as you build a distributed workforce in the country exposes you to fines litigation and other noncompliance penalties.Fortunately with a little due diligence global companies can …
Type: Resource (Article)
Velocity Global a leader in the global employer of record EOR landscape has emerged as a beacon of distinction and stability within the industry. Our leadership position has been strengthened through consistent recognition securing praise from two separate industry-leading analyst firms NelsonHall and Everest Group for the second consecutive year. Velocity Global is a leader in both as well as …
Type: Resource (Article)
A contingent worker is someone who performs tasks for an organization without being formally hired as the organization’s permanent employee. … Contingent workers may offer services through contracts, for a temporary period, or on an as-needed basis. Employers often hire contingent workers to complete a specific project rather than an ongoing workload like a permanent employee. Contingent …
Type: Glossary
FTE (full-time equivalent) refers to the unit of measure that helps businesses calculate the number of hours their employees work. … FTE expresses the full workload of multiple part-time or temporary employees in terms of the hours a full-time employee works. Companies commonly use FTE to determine their employees’ workload and use that data in many beneficial ways. Employees considered full-time …
Type: Glossary
Post-tax deductions, or after-tax deductions, are expenses or contributions subtracted from an employee's income after taxes have been withheld. … Unlike pre-tax deductions, which are taken out before calculating income tax, post-tax deductions are applied after taxes are taken out of an employee's gross pay. … Examples of post-tax deductions … After-tax deductions range from dues and donations …
Type: Glossary
