An expatriate employee is a professional who works temporarily in a foreign country on behalf of their employer. … An expatriate employee, or expat, lives and works in a country other than their country of citizenship. For example, when a company sends an employee from its local headquarters to work in another country, the employee is considered an expat during the time they live and work there. …
Type: Glossary
Global payroll management is critical to international business operations presenting unique challenges and opportunities for organizations expanding across borders.As companies expand—navigating diverse regulatory landscapes currency fluctuations and varied tax systems—global payroll best practices become increasingly important. These practices not only ensure compliance with local laws but also …
Type: Resource (Article)
Human capital management HCM encompasses strategic approaches and practices that maximize the value of an organization’s workforce through targeted investments in employee development well-being and engagement. Strategies include critical finance and HR workflows such as payroll management and benefits administration healthcare time off and social security.Fundamental to is the belief that …
Type: Resource (Article)
The L-1 visa is a non-immigrant visa that allows multinational companies to transfer employees from foreign to U.S. offices. … It is designed for individuals in managerial or executive roles (L-1A) or those with specialized knowledge (L-1B). L-1 visas facilitate global talent mobility, enabling companies to bring skilled or senior employees to the U.S. to support business operations, establish …
Type: Glossary
An occurs when a company acquires another organization primarily to obtain its talented employees rather than for its products services or other business assets.The complexity of acquihires extends beyond traditional as the focus shifts from asset valuation to talent assessment and cultural integration. Success requires carefully balancing legal financial and human resource considerations to …
Type: Resource (Article)
A rotational assignment is a structured career development strategy where employees temporarily move between different roles, departments, or locations within an organization for a predetermined period. … Rotational assignments serve multiple strategic purposes and can span from a few weeks to several months, allowing employees to gain experience in various business functions while maintaining …
Type: Glossary
International double taxation occurs when the same income or financial transaction is taxed by multiple jurisdictions, typically when businesses or individuals operate across national borders. … The complexity of international double taxation arises from the overlapping tax claims between countries. For example, one country might tax income based on where it was earned (source-based taxation). In …
Type: Glossary
It can be said that a business’s greatest asset is its human capital. While many believe that products and services drive revenue the people who create and provide these goods make them worthwhile. One aspect of HR management involves implementing effective strategies to mitigate human capital risk. The following fundamentals and tips help organizations protect and optimize their most valuable …
Type: Resource (Article)
An H-1B visa is a U.S. work permit that enables employers to hire foreign professionals in specialty occupations requiring specialized knowledge and at least a bachelor’s degree. … When a company wants to hire a foreign worker with a specific skill set, it typically chooses to apply for an H-1B visa. The U.S. government issues H-1B visas (or one of its subcategories) to workers in specialty …
Type: Glossary
Employer-paid payroll taxes are mandatory contributions organizations make to government entities to fund various social programs and initiatives. These taxes are distinct from those withheld from employee wages and represent an additional employment cost for businesses.Employer-paid vary significantly across countries states and even local jurisdictions. This diversity adds a layer of complexity …
Type: Resource (Article)
