• What Is a Compensation Policy?
    A compensation policy refers to a company’s practices for providing employees with pay, benefits, and other rewards. … A compensation policy outlines the specific details for determining employee compensation, such as base pay, statutory requirements, employee benefits, commissions, bonuses, overtime, severance, and equity-based rewards.  The policy also typically describes the elements included …
    Type: Glossary
  • Technik-Integrationen
    Mit Integrationen die HR vereinfachen Mit den nahtlosen Integrationen von Velocity Global für Ihre HR-Tools wird das Personalmanagement präziser und effizienter. SO HELFEN WIR IHNEN Mit globalen HR-Integrationen Personaldaten zentralisieren Internationale Teams aufbauen und managen ist nicht immer einfach. Unsere Integrationen machen Ihnen das Leben leichter. Die Global Work Platform™ von …
    Type: Component Page
  • Tecnologia Integraciones
    Simplifica las labores de RR.HH. con nuestra tecnología integrada Aumenta la precisión ahorra tiempo e impulsa la eficiencia con integraciones impecables. CÓMO PODEMOS AYUDARTE Integraciones de RR.HH. con las que centralizar datos de empleo Crear y dirigir equipos globales es una tarea compleja. Con nuestras integraciones todo irá como la seda. Global Work Platform™ se integra con los sistemas de …
    Type: Component Page
  • Paid Search LP - Brand Calculator (Contact)
    Compliantly hire pay and manage your global dream team in over 185 countries with Velocity Global. Contact Us Book a meeting EMPLOYEE COST CALCULATOR Accurately budget payroll costs for your global team Get reliable insights into employee costs and country-specific contributions so you can expand your global workforce compliantly and with confidence. TRUSTED BY CUSTOMERS EVERYWHERE—TO GO ANYWHERE …
    Type: Landing Page
  • Employee Onboarding Best Practices for Remote, Virtual, and Global Onboarding
    opens doors to new markets talent and growth opportunities. However the onboarding process for international employees in multiple countries presents several challenges. Global employers must be knowledgeable about onboarding best practices that standardize hiring and onboarding across borders.Global employee onboarding best practices helps companies ensure a smooth transition for new remote team …
    Type: Resource (Article)
  • Payroll and Tax in France: An Overview for Global Employers
    With one of Europe’s main financial centers a competitive corporate tax rate and a diverse range of industries France is a highly attractive market for global companies.However one challenge businesses face when engaging talent in this country is navigating its local payroll and tax regulations. Just calculating tax liabilities for France’s complex Social Security scheme can be a major …
    Type: Resource (Article)
  • What Is a Pay Period?
    A pay period is the timeframe during which employees work and earn wages. … A pay period is a regularly scheduled time when employees earn their wages via a paycheck. The pay period determines when a company issues employee payroll. … Pay period vs. payroll cycle … While a pay period is a specific period in which an employee receives pay, a payroll cycle refers to the frequency of the company’s …
    Type: Glossary
  • What Is a Payslip?
    A payslip is a statement outlining the details of an employee’s pay during a set pay period. … A payslip is a digital or physical document detailing an employee’s payment information, including total earnings, tax deductions, and net pay for the pay period. A payslip may also include the employee's tax information, paid leave balances, and employer contributions. Payslips allow employees to see …
    Type: Glossary
  • What Is Direct Compensation?
    Direct compensation refers to any monetary payments, rewards, and benefits an employee receives for their work. … Direct compensation includes an employee’s regular wages or salary and other payments related to their job role, experience, or performance. These payments could include bonuses, commissions, and overtime. Direct compensation most commonly appears as statutory employee pay and …
    Type: Glossary
  • What Is Indirect Compensation?
    Indirect compensation refers to all non-monetary benefits employees receive in addition to their base and supplemental pay. … Indirect compensation includes additional employee benefits that hold indirect monetary value, such as supplemental health insurance, retirement plans, life insurance, and sick leave. Employers often offer indirect compensation as supplemental benefits to remain …
    Type: Glossary