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
A work permit is an official government-issued document that authorizes an individual to work in a specific country. … The purpose of a work permit is to regulate and control the employment of foreign nationals within a country. A work permit is also commonly known as an employment authorization or employment visa. … Work permit vs. work visa … While "work permit" and "work visa" are often used …
Type: Glossary
A performance bonus is an incentive provided by employers to employees based on individual, team, or company-wide achievements and contributions. … Performance bonuses can be monetary or non-monetary. Non-monetary bonuses include extra vacation days, professional development opportunities, recognition, or gifts. … Types of performance-based bonuses … Organizations may offer various types of …
Type: Glossary
The U.K. is a favorable location for global companies eyeing expansion. The U.K. provides access to a large and affluent consumer market and it’s known for its ease of doing business. Plus its various international trade agreements allow companies to easily access other foreign markets.Additionally the U.K. has a well-developed legal system transparent regulations tax incentives and a strong …
Type: Resource (Article)
One of the main challenges global companies face when building a distributed workforce in Mexico is navigating the country’s complex payroll tax regulations. Calculating tax liabilities for the Social Security scheme alone poses serious compliance risks.Fortunately some due diligence goes a long way in minimizing risk exposure and simplifying payroll administration for your Mexican workforce.Read …
Type: Resource (Article)
