• What Is 14th-Month Pay?
    14th-month pay is an additional month's salary that employers provide beyond standard annual wages and 13th-month bonuses, typically distributed at year-end or during holidays. … 14th-month pay is a mandatory benefit in some countries and remains a customary practice in others, reflecting the diverse standards of global compensation. While nations like Portugal, Spain, and Greece mandate this …
    Type: Glossary
  • What Is a Secondment?
    A secondment is a temporary work arrangement where an employee is assigned to a different organization, department, or location while maintaining employment with their original employer. … An international secondment occurs when an organization assigns employees to work in a different country, typically to support global expansion initiatives or share expertise across international offices. This …
    Type: Glossary
  • What Is Shadow Payroll?
    Shadow payroll involves creating a parallel payroll system in the host country to ensure compliance with local tax laws and regulations. … Shadow payroll employees continue to receive their primary salary from their home country. This system allows employers to fulfill tax obligations in both countries without disrupting the employee's regular pay structure. The purpose of shadow payroll is to …
    Type: Glossary
  • What Is Off-Cycle Payroll?
    Off-cycle payroll refers to the process of issuing payments to employees outside of the regularly scheduled pay periods. … This specialized payroll function helps organizations address various non-routine payment needs, providing flexibility that finance and HR teams need to handle exceptional circumstances promptly and accurately. While standard payroll follows a set schedule, off-cycle payments …
    Type: Glossary
  • 13 Risks of Mergers and Acquisitions and How to Mitigate Them
    Mergers and acquisitions M&A can be a powerful tool for global business growth and expansion. However M&A activity poses significant risks that can derail even the most promising deals. In fact an estimated due to factors like poor due diligence inadequate integration planning and a lack of strategic alignment.Although complications can vary depending on the a company pursues many challenges …
    Type: Resource (Article)
  • What Is a Foreign-Invested Enterprise (FIE)?
    A foreign-invested enterprise (FIE) is a company or business entity established by foreign investors or entities. … An FIE can be partially or wholly funded by individuals, companies, or other organizations from outside the country where the FIE is located. Under the host country's laws, international companies may form an FIE to establish a presence in foreign markets, invest in local …
    Type: Glossary
  • What Is Expatriate Compensation?
    Expatriate compensation refers to the comprehensive salary and benefits package provided to employees sent to work in a foreign country temporarily or permanently. … This compensation typically includes base salary, cost of living adjustments, housing allowances, education benefits for dependents, and relocation expenses. Expatriate compensation packages (or expat packages) help ensure that …
    Type: Glossary
  • What Is a B-1 Business Visa?
    A B-1 business visa is a temporary nonimmigrant visa that allows foreign nationals to enter the U.S. for business-related activities for up to six months. The visa is valid for 10 years. … B-1 visas are suitable only for short-term business in the U.S. and do not allow for long-term residency or employment.  … Purpose and use cases for a B-1 visa … A B-1 visa is designed for those who need to …
    Type: Glossary
  • What Is Compliance Risk Management?
    Compliance risk management is the structured approach to identifying and controlling risks that arise when organizations fail to meet legal requirements, industry standards, and regulatory obligations. … Organizations must navigate fluid regulatory frameworks across different jurisdictions and industries. Comprehensive compliance risk management defines potential financial penalties, legal …
    Type: Glossary
  • What Is Career Mobility?
    Career mobility refers to an employee’s ability to progress within an organization through various career transitions that align with their professional growth and the company’s needs. … A robust job mobility strategy is a powerful retention tool for employers. Organizations that facilitate internal movement retain top talent more effectively, as employees who lack visibility into career …
    Type: Glossary