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
Net pay is the amount of money an employee earns after taking out all deductions from their gross pay. … Also commonly known as “net income” or “take-home pay,” net pay is the amount of money taken home after all deductions. It’s the income an employee has to spend at their discretion. The fundamental difference between net and gross pay lies in the various withholdings and deductions (e.g., …
Type: Glossary
Employee benefits are non-wage forms of compensation offered to employees in addition to their standard wages or salaries. … These benefits are a vital part of an employee's total compensation package and are pivotal in attracting and retaining top talent . They can range from health insurance coverage and supplemental retirement contributions to paid time off and professional development …
Type: Glossary
DENVER October 30 2024 — the leading expert on global workforce management proudly announces its designation as a Leader in Everest Group’s 2024 PEAK Matrix® Assessment for Employer of Record EOR Solutions. This prestigious recognition marks the third consecutive year that Velocity Global has earned this accolade reaffirming its role as a trailblazer and trusted partner for businesses scaling …
Type: News
