An equity incentive plan offers employees shares of the company they work for as supplemental compensation, which is awarded through stocks, warrants, or bonds. … Equity incentive plans help smaller businesses with tight budgets incentivize employees with supplemental rewards. Employees help build company value and, in return, benefit from the company’s growth. Equity incentive plans also align …
Type: Glossary
A direct report is an employee who reports directly to someone above them within a company. Anyone who works directly under someone else is considered a direct report. … A direct report takes and receives assignments and is responsible for carrying out those specific tasks and projects within their area of expertise. A direct report is accountable to someone in a leadership role, such as a …
Type: Glossary
Co-employment is a contractual relationship whereby two parties share legal employer responsibilities of employees. … Co-employment occurs when two companies have rights and obligations as an employer: The client company maintains responsibilities for the employee’s job duties and daily operations, while the partnering company manages administrative and personnel-related matters. Businesses …
Type: Glossary
Payroll taxes include federal state and local taxes on employers and employees that fund various government-backed insurance programs like unemployment benefits health insurance and disability insurance.However payroll taxes vary between countries states and local jurisdictions creating a compliance obligation for all businesses whether they operate domestically or internationally. For example …
Type: Resource (Article)
Stock grants are a form of compensation for employees in which an employer gives employees corporate stock in the company as part of an equity plan. … Employers issue stock as equity compensation to employees in exchange for non-cash consideration, such as the performance of services. Employers award stock grants to employees with the hope that the company’s stock price will increase over time, …
Type: Glossary
Total rewards refer to a wide range of compensation, benefits, and incentives that employers offer employees for their work. … A total rewards program could include a combination of monetary and non-monetary compensation like salary, bonuses, employee benefits, rewards and recognition, workplace flexibility, and career opportunities. Employers offer total rewards packages to compensate their …
Type: Glossary
Gross-to-net (GTN) is a payroll process that determines the total amount of an employee’s take-home pay after removing taxes and deductions from their gross income. … In the United States, mandatory reductions and deductions include Federal Insurance Contributions Act taxes (FICA taxes), unemployment taxes, taxable income, and any optional deductions, such as retirement contributions. … What are …
Type: Glossary
FUTA is an acronym for the United States Federal Unemployment Tax Act, which requires employers to pay unemployment tax. … FUTA payments fund unemployment programs in the U.S. that provide unemployment benefits for terminated workers. The Internal Revenue Service (IRS) collects FUTA taxes. Employers paying wages of $1,500 or more to their employees must file a FUTA form annually and pay the tax …
Type: Glossary
A payroll cycle, or pay cycle, is the frequency at which a company pays its workforce. … A payroll cycle ensures employers pay employees regularly. A pay period is the length of time covered by one paycheck and one payroll cycle. Employees receive paychecks on a consistent, predetermined payday at the end of each payroll cycle. A payroll cycle is typically maintained and administered through a …
Type: Glossary
With clients spread across the world Onyx CenterSource needed to build a workforce that matched its global scope. The payments provider enlisted Launch Global to recruit talent across borders but soon hit a snag Many top candidates lived in countries where Onyx did not have entities. Seeking to compliantly hire talent regardless of entity status Onyx Senior Vice President of HR Becky Ospina …
Type: Resource (Article)
