The Family and Medical Leave Act (FMLA) is a federal law that guarantees eligible employees in the U.S. 12 weeks of protected, unpaid leave per year for specific family and medical reasons. … The FMLA is a landmark piece of U.S. legislation enacted in 1993 and designed to provide a safety net for employees navigating work and family life demands. This law grants professionals the opportunity to …
Type: Glossary
An annuity is a stable financial product that offers a secure and steady stream of payments over a set period, making it a cornerstone of retirement planning and a source of financial security. … While different types of annuities each have their nuances, they all operate under the same premise. Individuals or businesses make payments to an insurance company, either in a lump sum or in …
Type: Glossary
Paid time off (PTO) is compensated time away from work granted to employees by their employer. … PTO is both a workplace policy and, in many jurisdictions, a statutory requirement. It allows employees to step away from their jobs for various absences, including vacation time, parental leave, or unexpected circumstances. While some countries mandate minimum PTO allowances, many organizations offer …
Type: Glossary
Brazil is a notable player in today’s world economy making it a prime market for expanding global businesses. The country has one of the fastest-growing economies with real GDP up and a projected 1.7 growth in 2024. For expanding companies tapping into Brazil's dynamic workforce understanding its unique employee benefits is a requisite for attracting top talent. Brazilian professionals value …
Type: Resource (Article)
A Tax Identification Number or TIN is a unique numeric identifier assigned by tax authorities to individuals and businesses to handle taxes. … Government agencies use TINs, also referred to as tax ID numbers, to track tax obligations, payments, and filings. Essentially, it’s how tax authorities keep everything organized and ensure individuals and entities follow tax laws. Knowing how TINs work is …
Type: Glossary
A leave of absence (LOA) is a formal arrangement allowing employees to temporarily step away from work without the risk of losing their job. … When significant life circumstances arise—like an extended trip abroad, an unexpected illness, or bringing a newborn into the world—LOA allows employees to take time off while maintaining their employment status . Depending on the country, company …
Type: Glossary
Everest Group named Velocity Global a Leader for the third year running. Get the report to seeQuick rankings of 23 EOR vendorsWhy customers love our dedicated teams HR expertise and compliance managementHow our service suite makes us an EOR Leader …
Type: Resource (File)
Gross income is the total earnings an individual or business receives minus taxes, deductions, or other expenses. … For employees, gross income includes everything from wages and salaries to bonuses and tips. Gross income serves as the starting point for determining tax obligations and calculating take-home pay. Knowing how to calculate gross income is crucial for employees and employers, given …
Type: Glossary
As a business sets its sights on new international markets it’ll soon be obvious if it’s not already that success isn't just about or having a solid expansion strategy in place. Success also hinges on in a global business environment. Culture in international business highlights the shared values customs and behaviors that shape how people interact and conduct business globally. From unique …
Type: Resource (Article)
A work visa is a legal document that allows a foreign national to work in a specific country for a designated period. … Issued by the host country’s government, work visas regulate international employment and ensure compliance with immigration laws. It’s a crucial work license for companies hiring talent abroad or sending employees on international assignments. A work visa's primary aim is to …
Type: Glossary
