• What Is Work Authorization?
    Work authorization refers to the legal permission granted by a government that allows an individual to be employed in a specific country. … Work authorization, or employment authorization, is a fundamental component of a country's employment and immigration systems, which regulates the local labor market while ensuring fair competition and protecting workers' rights. Work authorization typically …
    Type: Glossary
  • What Is a Residence Permit?
    A residence permit is an official government-issued document that authorizes a foreign national to legally reside in a specific country for a predetermined period. … Unlike short-term visas, residence permits enable individuals to establish a more permanent presence in a host country, often granting rights such as the ability to work, study, or access local services. The duration typically ranges …
    Type: Glossary
  • What Is Compliance Management?
    Compliance management is a structured process that helps organizations ensure adherence to legal, regulatory, and internal policy requirements wherever they operate.  … Global companies rely on compliance management to avoid risks like legal penalties, financial losses, and reputational damage from noncompliance.  Compliance management can be complex since regulations vary widely by country and …
    Type: Glossary
  • What Is a Disregarded Entity?
    A disregarded entity is a business structure separate from its owner for legal purposes but not recognized as distinct for tax purposes.  … This classification is commonly used in the U.S. for single-member Limited Liability Companies (LLCs). Per the Internal Revenue Service (IRS), this type of LLC is not treated as a separate entity for federal income tax purposes—the income, deductions, …
    Type: Glossary
  • What Is Tax Equalization?
    Tax equalization is a policy where employers ensure employees working abroad pay the same taxes they would have paid in their home country. … When organizations transfer employees internationally , they often face complex tax implications across multiple jurisdictions. Tax equalization essentially removes these financial complexities from the process, freeing up employers and employees to focus …
    Type: Glossary
  • What Is Foreign Earned Income Exclusion?
    The Foreign Earned Income Exclusion (FEIE) permits U.S. citizens and resident aliens living abroad to exclude a designated amount of their foreign-earned income from U.S. taxes. … This provision alleviates the tax burden on international employees and remote hires who are double taxed by their country of residence and the U.S. The FEIE minimizes the double taxation duties often displaced on these …
    Type: Glossary
  • Velocity Global Welcomes Johan Land and Carol MacKinlay to Its Leadership Team As It Enters Its Next Phase of Growth
    DENVER December 4 2024 —  the leading expert on global workforce management today announced the appointments of Johan Land as Chief Product Officer CPO and Carol MacKinlay as Chief Human Resources Officer CHRO. As CPO Johan will be instrumental in driving the company's product vision and strategy to exceed customer expectations. As CHRO Carol will lead Velocity Global’s human resources strategy …
    Type: News
  • Johan Land
    As Velocity Global’s Chief Product Officer Johan is responsible for shaping the company’s product vision and strategy. Leading a team of talented product UXUI and analytics professionals he oversees every element of the company’s product portfolio from design to development to launch. Johan brings almost two decades of experience in various leadership positions at firms including Waymo YouTube …
    Type: Person
  • Carol MacKinlay
    Carol serves as Chief Human Resources Officer at Velocity Global. As the company expands its global footprint Carol will be responsible for providing strategic leadership for hiring developing and retaining our global workforce. Carol is an experienced people leader board member and advisor with more than three decades of experience across all aspects of HR. She has created scaled and led diverse …
    Type: Person
  • What Is Business Process Outsourcing (BPO)?
    Business process outsourcing (BPO) is the strategic practice of working with external service providers to manage specific business operations and functions that support an organization's core activities. … Businesses face increasing pressure to optimize their operations and maintain competitiveness in a global marketplace. BPO transfers specific business tasks to specialized external partners …
    Type: Glossary