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
HR software is a digital solution that simplifies and automates various organizational human resources processes. … Software-based HR solutions are now integral platforms that shape today's HR technology landscape. These platforms help HR teams manage their workforce more efficiently by centralizing vast amounts of employee data and automating time-consuming administrative tasks. Some platforms …
Type: Glossary
A relocation package is a set of benefits and services employers offer to assist employees in moving to new locations for work purposes. … Relocation packages ease the financial and logistical burdens when repositioning a company’s workforce to a different location. These packages help ensure a smooth transition when relocating employees and their families. Relocation packages can vary widely in …
Type: Glossary
Labor law refers to legislation and regulations governing the relationship between employers, employees, and labor unions. … Labor laws protect workers' rights, ensure fair treatment, and balance the interests of employers and employees. These laws cover workplace issues, including working conditions, wages, hours, benefits, and safety standards. They also regulate collective bargaining, union …
Type: Glossary
Paternity leave is an essential benefit for modern workforces allowing fathers to bond with their newborns or adopted children while supporting their partners during the critical early days of parenthood.Across Europe paternity leave policies vary significantly reflecting the diversity of national legislation and cultural approaches to work-life balance. In some countries employers must offer …
Type: Resource (Article)
A temporary employee is an individual hired by a company for a predetermined period to fulfill specific short-term needs or projects. … Often referred to as temps, these employees are most commonly hired to cover staff absences, manage seasonal fluctuations in workload, or assist with special projects. Their employment duration can range from a few days to several months, depending on the …
Type: Glossary
Overtime is any work performed beyond an employee's standard working hours, typically resulting in additional compensation or time off. … The concept of overtime is fundamental in labor laws and employment practices worldwide, though its specifics can vary significantly between countries and even industries. In most jurisdictions, overtime begins after an employee has worked a set number of hours …
Type: Glossary
Some organizations operate efficiently with a domestic workforce while others thrive by expanding their talent base globally. Globally-inclined tech companies consulting firms and internationally recognized brands often benefit from tapping international talent pools and markets. These businesses leverage diverse skill sets access new consumer bases and encourage innovation on a wider scale. …
Type: Resource (Article)
Parental leave is an employee benefit offering parents time off from work when a child joins the family, either as a newborn, through adoption, or as a foster child. … While policies vary worldwide, parental leave may be included in a global employee benefits package and is distinct from vacation and sick leave, as well as pregnancy-related medical leave . This benefit provides parents with job …
Type: Glossary
An Employer Identification Number (EIN) is a unique nine-digit identifier assigned to businesses by the Internal Revenue Service (IRS) in the U.S. for tax administration purposes. … This number serves as a federal tax ID for businesses, similar to how a Social Security number functions for individuals in the U.S. The EIN is used primarily for reporting taxes and other documents to the IRS, but …
Type: Glossary
