• What Is a Salaried Employee?
    A salaried employee is a professional who receives a predetermined, fixed amount of compensation paid at regular intervals, typically monthly or bi-weekly, regardless of the number of hours worked. … Salaried employment represents a standard arrangement in professional and managerial roles, where compensation is expressed as an annual sum but distributed through regular installments throughout …
    Type: Glossary
  • What Is a Skills Gap Analysis?
    A skills gap analysis systematically identifies the difference between an organization's current workforce and the skills needed to achieve its objectives. … Organizations worldwide face increasing pressure to maintain skilled workforces as technology advances and job requirements evolve. Data shows that 75% of employers globally report challenges in filling roles, and similar research indicates …
    Type: Glossary
  • What Is Cultural Intelligence (CQ)?
    Cultural intelligence (CQ) is the ability to operate effectively in culturally diverse environments and situations. … CQ is characterized by the capacity to recognize, understand, and adapt to cultural differences in professional and personal contexts. Those with cultural intelligence are adaptable regarding cultural norms, values, behaviors, and communication styles. In the global business …
    Type: Glossary
  • What Is Work Authorization?
    Work authorization refers to the legal permission granted by a government that allows an individual to be employed in a specific country. … Work authorization, or employment authorization, is a fundamental component of a country's employment and immigration systems, which regulates the local labor market while ensuring fair competition and protecting workers' rights. Work authorization typically …
    Type: Glossary
  • What Is a Residence Permit?
    A residence permit is an official government-issued document that authorizes a foreign national to legally reside in a specific country for a predetermined period. … Unlike short-term visas, residence permits enable individuals to establish a more permanent presence in a host country, often granting rights such as the ability to work, study, or access local services. The duration typically ranges …
    Type: Glossary
  • What Is Compliance Management?
    Compliance management is a structured process that helps organizations ensure adherence to legal, regulatory, and internal policy requirements wherever they operate.  … Global companies rely on compliance management to avoid risks like legal penalties, financial losses, and reputational damage from noncompliance.  Compliance management can be complex since regulations vary widely by country and …
    Type: Glossary
  • What Is a Disregarded Entity?
    A disregarded entity is a business structure separate from its owner for legal purposes but not recognized as distinct for tax purposes.  … This classification is commonly used in the U.S. for single-member Limited Liability Companies (LLCs). Per the Internal Revenue Service (IRS), this type of LLC is not treated as a separate entity for federal income tax purposes—the income, deductions, …
    Type: Glossary
  • What Is Tax Equalization?
    Tax equalization is a policy where employers ensure employees working abroad pay the same taxes they would have paid in their home country. … When organizations transfer employees internationally , they often face complex tax implications across multiple jurisdictions. Tax equalization essentially removes these financial complexities from the process, freeing up employers and employees to focus …
    Type: Glossary
  • What Is Foreign Earned Income Exclusion?
    The Foreign Earned Income Exclusion (FEIE) permits U.S. citizens and resident aliens living abroad to exclude a designated amount of their foreign-earned income from U.S. taxes. … This provision alleviates the tax burden on international employees and remote hires who are double taxed by their country of residence and the U.S. The FEIE minimizes the double taxation duties often displaced on these …
    Type: Glossary
  • Velocity Global Welcomes Johan Land and Carol MacKinlay to Its Leadership Team As It Enters Its Next Phase of Growth
    DENVER December 4 2024 —  the leading expert on global workforce management today announced the appointments of Johan Land as Chief Product Officer CPO and Carol MacKinlay as Chief Human Resources Officer CHRO. As CPO Johan will be instrumental in driving the company's product vision and strategy to exceed customer expectations. As CHRO Carol will lead Velocity Global’s human resources strategy …
    Type: News