• What Is Back Pay?
    Back pay is any form of unpaid compensation an employer owes an employee. … Employers must pay any unpaid compensation they owe employees for their work, including salary, hourly wages, overtime, bonuses, commissions, or statutory benefits. If an employer does not pay employees accurately and promptly, their employees may be entitled to back pay. Sometimes, the employer may resolve the issue by …
    Type: Glossary
  • What Is a Probationary Period?
    A probationary period occurs at the beginning of a new hire’s employment, during which the employer evaluates the individual’s performance and suitability for the position.  … A probationary period allows the employer to trial new employees, monitor performance, and determine if they are a good fit for the company. It also allows the employee to assimilate into the business, work environment, and …
    Type: Glossary
  • The Difference Between Public vs. Private Healthcare: Guide for Global Employers
    When you manage a distributed workforce it’s important to understand the healthcare coverage available in each country where you do business. Providing high-quality private healthcare is often a smart move for global employers because it helps attract candidates and sets businesses apart in a competitive hiring market. However the laws around healthcare vary around the world so it’s important to …
    Type: Resource (Article)
  • Payroll and Tax in India: An Overview for Global Employers
    A key challenge for global companies looking to source talent from India’s large highly skilled workforce is understanding the ins and outs of local payroll. Global companies that hire talent in India must familiarize themselves with federal and state payroll and tax regulations while ensuring their HR team administers timely and accurate payroll to their workforce across the country.While this …
    Type: Resource (Article)
  • What Is an Employment Agreement?
    An employment agreement is a contract between an employer and an employee that defines the terms and conditions of employment. … An employment agreement, or workplace agreement, solidifies the working relationship between the employer and employee by outlining both parties’ rights, responsibilities, and expectations. … Main types of employment agreements  … Employers may use several employment …
    Type: Glossary
  • What Is a Floating Holiday?
    A floating holiday is paid leave employers provide their employees to use at any time during the year at their discretion. Employers typically offer floating holidays in addition to employees’ statutory and supplemental paid holidays. … Floating holidays are sometimes called optional holidays and are typically used for personal days, holidays, and cultural events not included on the company …
    Type: Glossary
  • 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 …
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  • 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