Currency fluctuations can insidiously complicate global payroll management. As companies hire across borders volatile exchange rates can turn predictable salary expenses into financial uncertainty. Sudden shifts in currency values disrupt budgeting create compliance risks and may leave employees underpaid or overpaid through no fault of their own.For HR and finance teams navigating these …
Type: Resource (Article)
On May 1 2021 Singapore implemented a new rule affecting Dependant’s Pass DP holders working in the country. The regulation changes the requirements for DP holders seeking employment in Singapore. Read on to learn about the details of the new rule and what DP holders must do to work in Singapore compliantly. Can a Dependant's Pass Holder Work in Singapore? Singapore originally created the DP to …
Type: Resource (Article)
Employer of record EOR and professional employer organization PEO partners help companies manage teams across the world. The main difference between PEO vs. EOR is that a PEO acts as a co-employer while an EOR is the legal employer of an organization’s distributed workforce. Understanding this and other differences between a PEO vs. EOR is the first step to choosing an ideal solution for your …
Type: Resource (Article)
Engaging skilled independent contractors for specialized work offers global companies many benefits—from time and cost savings to increased efficiency and the ability to quickly test new markets. However hiring independent contractors also means taking on misclassification risks and facing potential operational consequences. The following guide reviews the pros and cons of independent contractors …
Type: Resource (Article)
The COVID-19 pandemic has sent financial shockwaves through global markets since early 2020. Now as international economies recover at varying paces world economists sound the alarm about a new threat global inflation. The Organisation for Economic Co-operation and Development OECD which consists of 38 worldwide nations said its members saw the highest inflation rate in April since 2008 when a …
Type: Resource (Article)
Some Canadian employers believe the risks of independent contractor misclassification are more severe for companies in the U.S. than in their home country. However history proves that Canadian labor authorities are not afraid to crack down on companies that misclassify their talent—and levy serious consequences toward offenders. Read on to discover three examples that illustrate the importance of …
Type: Resource (Article)
It’s harder than ever for HR teams to retain top talent. A whopping in the year ahead. In the face of high turnover companies focus on providing an optimal employee experience to keep their people happy and engaged and prevent them from looking for work elsewhere. What is employee experience and why is it important?Employee experience refers to how talent feels at work. Several factors come …
Type: Resource (Article)
Many companies that expand internationally or build a distributed workforce in the Latin American LATAM region focus on Brazil—and for good reason. Brazil is one of the 10 largest economies in the world home to the sixth-biggest population globally. That gives global employers a large talent pool to draw from—especially in the tech field. Home to a burgeoning tech scene Brazil also boasts a …
Type: Resource (Article)
When the Velocity Global team sat down to create its technology vision we had one goal to develop a one-stop-shop for companies to engage any worker anywhere at any time. Designing with client needs and desires in mind we knew the platform had to be intuitive easy-to-use and feel like an extension of the client's existing workflow processes. After months of research and collaboration between our …
Type: Resource (Article)
There are many advantages to creating and maintaining a diverse workforce and it’s important for employers to prioritize diversity and inclusion when building teams. Hiring a diverse group of employees can increase your bottom line positively impacting everything from engagement to productivity and problem-solving. But it isn’t enough to just hire diverse talent. To make your company a …
Type: Resource (Article)
