Employment status refers to the classification of the relationship between an employer and their employee. … Employment status outlines the employee’s legal status, employment rights and protections, and the employer’s responsibilities. … What are the types of employment status? … The three types of employment status include the following: … Worker. … An individual who works for another person …
Type: Glossary
Supplemental pay is an employee's additional income or compensation on top of their regular base earnings. … Supplemental pay is also referred to as supplemental income and includes an employee’s additional earnings, such as overtime, bonuses, or sick pay. … Supplemental pay types … Supplemental pay types include additional earnings and benefits not included in an employee’s base wages or …
Type: Glossary
Employee mobility is the ability of an employee to move physically or professionally within an organization or career. … Employee mobility is often demonstrated through promotion, job transfer, or change in location. … What are the types of employee mobility? … There are three types of employee mobility: internal mobility, external mobility, and talent mobility. We detail each below. … Internal …
Type: Glossary
A data processing agreement (DPA) is an agreement that regulates personal data processing conducted for business purposes. … Data processing includes any operation where data is collected, stored, recorded, organized, translated, communicated, or any other activity that processes personal data. Companies often hire third-party service providers to process and analyze data. A DPA agreement is a …
Type: Glossary
Type: Resource (Video)
Type: Resource (Video)
The world is yours Velocity Global lets you hire pay and manage your dream team anywhere without limits. Contact Us Hire the right person for the job not the one closest to it. With local presence in over 185 countries we help businesses expand to take on any opportunity. Turn your hiring pool into an ocean As an employer of record we help you effortlessly hire and onboard your people no matter …
Type: Landing Page
Employment contracts play a significant role in creating strong employer-employee relationships. Employers worldwide use employment contracts to establish the terms of employment with their workforce and protect each other's interests and rights. Crafting compliant employment contracts is one of the most critical aspects of hiring new employees in a foreign market. However employment laws vary by …
Type: Resource (Article)
DENVER October 4 2023 — Velocity Global the world’s expert on work announced today that it was named a Leader in Everest Group’s PEAK Matrix® Assessment 2023 for Employer of Record EOR Solutions. The report evaluated 20 EOR solution providers on their vision capability and market impact taking into account hard metrics client references as well as an ongoing analysis of the EOR market. “Velocity …
Type: News
Accrued payroll refers to all forms of payroll compensation that a business owes its employees but has not yet paid out. … Accrued payroll describes how much a business owes in payroll or its payroll liabilities. Accrued payroll allows organizations to record expenses that are still pending, including wages, payroll taxes, benefits, and any other debts or liabilities related to payroll that the …
Type: Glossary
