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)
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)
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
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
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
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
A salary review is the process of evaluating an employee’s salary to ensure it is competitive, fair, and accurately reflects their work performance. … Companies should perform regular salary reviews to determine their employees’ overall performance, growth potential, and progression toward goals and achievements. Salary reviews help companies make informed business growth decisions and improve …
Type: Glossary
Retro pay, or retroactive pay, is the compensation an employer owes an employee due to a payment shortfall during the previous pay period. … Retro pay compensates for the discrepancy between the wages an employee is entitled to and the actual amount they receive. Retro pay rectifies payroll errors such as overlooked raises or miscalculations in overtime pay. Employers often add retroactive pay to …
Type: Glossary
Geographical discrimination refers to the unfair treatment or prejudice against individuals based on their geographic location or country of origin. … In the workplace, geographical discrimination occurs if an employer treats a job candidate or employee differently based on their location or place of origin. Geographical discrimination can include discriminatory employer behaviors toward an …
Type: Glossary
A wholly-owned subsidiary is a company entirely owned and managed by another company, known as the parent company. … The parent company owns the subsidiary's common stock and fully controls its operations, policies, and management. Despite being subject to the control and influence of the parent company, the subsidiary still operates as a separate legal entity and keeps its management structure, …
Type: Glossary
