• Velocity Global Welcomes Chief Technology Officer Chien-Liang Chou To Its Leadership Team
    DENVER January 22 2024 —  the leading provider of Global Workforce Platform & Services today announced the appointment of Chien-Liang Chou as Chief Technology Officer CTO. In this role Chou will be instrumental in shaping and executing on the technology vision to empower businesses to navigate the complexities of global workforce management through an innovative scalable and unified platform.“I’m …
    Type: News
  • Unlock Global Growth: Announcing Velocity Global’s Partner Program
    At Velocity Global we believe in breaking down barriers to global business expansion. Our AI-powered global workforce platform empowers companies to seamlessly build and manage teams across more than 185 countries. Today we are thrilled to introduce the Velocity Global Partner Program—a dynamic initiative designed to create a robust ecosystem of collaborators who are equally committed to enabling …
    Type: Resource (Article)
  • Enterprise
    Ensure consistent workforce operations globally Hire pay and manage your international teams with our AI-powered enterprise workforce management platform and reliable local experts. We’ll handle global workforce management tasks like compliance payroll and HR—so you can drive growth. 4.7 Velocity Global helped our team onboard an extremely critical member of our international team in a short turn …
    Type: Component Page
  • SMB
    Supercharge your growth beyond borders Velocity Global gives you the power to scale your workforce in over 185 countries. We handle compliance global payroll and HR administration so you can focus on what matters most—expanding your business. HOW WE HELP YOU Meet your new HR team Velocity Global Our in-country experts and AI-powered platform handle all HR payroll and compliance needs for your …
    Type: Component Page
  • What Is Managed Payroll?
    Managed payroll refers to the outsourcing of a business’s payroll operations and tax compliance responsibilities to a third-party provider. … A managed payroll service is responsible for calculating employee pay, payment disbursement, tax filing, legal compliance, record keeping and reporting, and other key components of the payroll process on behalf of a business. Engaging a managed payroll …
    Type: Glossary
  • What is a SWIFT Payment?
    A SWIFT payment is an international money transfer processed through the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network. … SWIFT allows companies to pay their global workforce or make other international payments compliantly—money moves from the company’s bank account to the recipient’s account. Since its inception in the 1970s, SWIFT payments have been the largest …
    Type: Glossary
  • What is an Employee Assistance Program (EAP)?
    An Employee Assistance Program (EAP) is a voluntary, work-based service designed to help employees resolve personal and work-related issues that may affect their job performance, health, and well-being. … These programs offer free and confidential assessments, short-term counseling, referrals, and follow-up services to employees and often their family members. In the context of a global …
    Type: Glossary
  • What Is FMLA?
    The Family and Medical Leave Act (FMLA) is a federal law that guarantees eligible employees in the U.S. 12 weeks of protected, unpaid leave per year for specific family and medical reasons. … The FMLA is a landmark piece of U.S. legislation enacted in 1993 and designed to provide a safety net for employees navigating work and family life demands. This law grants professionals the opportunity to …
    Type: Glossary
  • What Is an Annuity?
    An annuity is a stable financial product that offers a secure and steady stream of payments over a set period, making it a cornerstone of retirement planning and a source of financial security. … While different types of annuities each have their nuances, they all operate under the same premise. Individuals or businesses make payments to an insurance company, either in a lump sum or in …
    Type: Glossary
  • What Is Paid Time Off (PTO)?
    Paid time off (PTO) is compensated time away from work granted to employees by their employer. … PTO is both a workplace policy and, in many jurisdictions, a statutory requirement. It allows employees to step away from their jobs for various absences, including vacation time, parental leave, or unexpected circumstances. While some countries mandate minimum PTO allowances, many organizations offer …
    Type: Glossary