Geographic arbitrage is the practice of earning income in a high-cost region while living or operating in a lower-cost area to maximize financial returns and purchasing power. … The concept gained significant momentum in the mid-2000s through Tim Ferriss’s bestseller “The 4-Hour Workweek” and has since evolved into a cornerstone strategy for global workforce management . This approach has …
Type: Glossary
A Global Mobility Manager coordinates international employee relocation and compliance to support seamless global workforce operations. … These professionals navigate complex legal and logistical challenges associated with cross-border employment. They ensure adherence to immigration laws, tax regulations, and labor requirements in multiple countries while minimizing operational disruptions. …
Type: Glossary
An employee wellness program is designed to improve and promote well-being among in-person, hybrid, or virtual employees through health-based initiatives. … Since the COVID-19 pandemic, more employers than ever have been aware of the growing importance of employee benefits , like wellness programs. To retain employees, companies should consider developing wellness programs that address overall …
Type: Glossary
The General Data Protection Regulation (GDPR) is a comprehensive data protection law that safeguards the privacy and personal data of people living within the EU and the European Economic Area. GDPR governs the collection, processing, and storage of personal information. Any organization that handles EU residents’ data must adhere to GDPR, regardless of where it is located; for example, a U.S. …
Type: Glossary
Employee time tracking is the process of recording and monitoring the hours worked by employees, including their start times, end times, and breaks throughout the workday. Time tracking is a cornerstone of talent management . It enables organizations to maintain accurate records of employees’ work hours for payroll processing, project management, and operational efficiency purposes. Beyond basic …
Type: Glossary
A foreign subsidiary is a company owned or controlled by a parent company headquartered in another country. The parent company holds a majority stake (more than 50% and up to 100%) in the subsidiary, allowing it to influence or control business operations, strategies, and decisions. … Because it is a separate legal entity from its parent company, a foreign subsidiary must comply with the local …
Type: Glossary
An HR Business Partner (HRBP) is a strategic advisor who aligns HR initiatives with business objectives to drive organizational success. … HRBPs serve as consultants to senior leadership, embedding HR expertise into business decision-making. Unlike traditional HR roles focused on administrative tasks, HRBPs prioritize strategic workforce planning , talent development, and change management to …
Type: Glossary
Talent arbitrage is a strategic approach where organizations leverage global wage differences and talent availability to hire skilled professionals from regions with lower labor costs. … The concept extends beyond simple cost savings through overseas hiring. Organizations practicing talent arbitrage identify regions where specific skills are abundant but undervalued relative to other markets. …
Type: Glossary
A Chief Human Resources Officer (CHRO) is a C-suite leader responsible for human capital strategy with global business objectives. … CHROs shape company culture and align talent management with business objectives, balancing local compliance with international growth. They design frameworks for recruiting , upskilling, and retaining employees across borders while addressing challenges like hybrid …
Type: Glossary
Employee arrangements may vary worldwide, but a compliant employment contract is required no matter the employee’s location. While the type of contract depends on employer needs and resources, indefinite contracts are the most common agreement outside the U.S. This guide discusses the pros and cons of indefinite employment contracts, what to include in an indefinite contract, alternative contract …
Type: Glossary
