Compensation planning refers to when employers or HR teams plan and outline the terms and conditions of their employees’ salaries, benefits, and incentives. … A compensation plan provides employees with information about the total compensation available, including the salary or wage they will receive, their statutory benefits, and any additional incentives such as raises and bonuses. Compensation …
Type: Glossary
Pre-tax income, also known as pre-tax earnings, represents a company’s or individual’s net income before subtracting any income taxes. Pre-tax income still includes deductions related to operating expenses and interest. … For companies, pre-tax income provides insight into their profitability and cash flow before the impact of taxes and can be a benchmark metric investors use to compare against …
Type: Glossary
Workforce mobility is the ability of a company’s workforce to move and work from one location to another. … Workforce mobility allows a company's employees to communicate, collaborate, and work without the need for meeting in a centralized location. A mobile workforce often utilizes technology, such as cloud-based software and digital collaboration tools, to access projects, information, and …
Type: Glossary
Workforce agility is a company’s and its employees’ ability to adapt quickly to business changes. Workforce agility prioritizes employee flexibility, responsiveness, and adaptability. … An agile workforce is flexible and adaptable to changes in technology, the market, and the global economy. Companies seeking an agile workforce may invest in employee training programs , adopt flexible work …
Type: Glossary
A common-law employee is a worker whom a company controls in terms of the work they perform and how they complete it. … For example, a common-law employee typically describes a worker who is part of a traditional employer-employee relationship. Factors that may contribute to a common-law employee designation may include the following: The employer determines the employee’s work schedule, such as …
Type: Glossary
Download our guide to learn the benefits of and how partnering with a trusted employer of record EOR makes conversion a breeze. … …
Type: Resource (File)
Vietnam is one of Asia’s top markets for global expansion. With a strong economy a growing infrastructure a well-educated workforce and favorable policies for global investors Vietnam provides many opportunities for companies seeking to grow their international talent. The following guide discusses the options for hiring employees in Vietnam from another country and provides a brief overview of …
Type: Resource (Article)
Misclassification refers to the act of assigning an individual or something to the wrong group or category. … In the workplace, misclassification of employees is the illegal practice of categorizing employees as contractors, which denies them their entitlement to benefits and other legal protections. … Employees are entitled to employment rights and benefits, such as minimum wage, overtime pay, …
Type: Glossary
Global fluency is the ability to effectively and seamlessly operate in a global or international context. … Globally fluent companies can navigate and succeed at a high level of international business competence and are better prepared to react to opportunities than competitors. Global fluency emphasizes the importance of acknowledging global diversity and actively leveraging it as a strategic …
Type: Glossary
Visa sponsorship refers to the process where an individual or organization takes responsibility for supporting a foreign national to enter or stay in another country. … In the workplace, employers may sponsor their employees to obtain a foreign visa and relocate abroad for a job. … Each country has specific processes for obtaining visas and work permits for international employee transfers . To …
Type: Glossary
