A remote work allowance is a stipend or reimbursement employers provide to cover expenses employees incur while working from home or another remote location. … Remote work allowances help organizations maintain productivity and employee satisfaction by offsetting various costs associated with remote work setups. These expenses typically include internet service, office supplies, utilities, and …
Type: Glossary
A foreign legal entity is a company, organization, or business structure that is officially registered and conducts operations in a country other than where it was originally established. … Essentially, a foreign legal entity is similar to a foreign corporation . In the U.S., it refers to an established corporation that is legally registered to operate in a state or jurisdiction outside its …
Type: Glossary
IR35 legislation is a set of anti-avoidance tax laws that eliminate tax discrepancies between contractors and employees with the same responsibilities. … Inland Revenue 35 (IR35) is a form of U.K. legislation that specifically targets “disguised employees.” Her Majesty’s Revenue and Customs (HMRC) defines disguised employees as workers who provide services to clients through their own limited …
Type: Glossary
The gold standard in global HR compliance HR compliance isn’t a checkbox at Velocity Global. We set the industry standard for compliant EOR services through regular audits certifications and employment licensing. Unlike third-party providers we manage our own entities to exceed employment requirements leading the EOR industry in global HR compliance. Achieve peace of mind with our robust HR …
Type: Component Page
For higher education institutions that want to be at the forefront of innovation and thought leadership a globally mobile workforce is essential. Benefits include everything from increasing diversity of thinking and access to research funding to supporting employee well-being recruitment and retention.The increasing has invoked more government scrutiny of cross-border employment than ever before. …
Type: Resource (Article)
Global compensation is the total package of salary, benefits, and incentives organizations provide to employees across different countries while maintaining fair and compliant payment practices. … Also known as total global rewards, global compensation refers to an employer’s direct and indirect compensation for its distributed workforce . Direct compensation includes salaries and performance …
Type: Glossary
A Human Resources (HR) Generalist is a human resources professional responsible for a broad range of HR functions, including talent recruitment, employee relations, legal compliance, benefits administration, and more. An HR generalist bridges employees and company management and supports various HR functions to ensure smooth business operations. They are often found in small- to mid-sized …
Type: Glossary
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
