A tripartite agreement, or tri-party agreement, refers to any legal agreement between three separate parties. … Tripartite agreements are essential frameworks for managing complex relationships and transactions. The structure allows multiple stakeholders to coordinate their roles and responsibilities while protecting the interests of all involved parties. For international employment …
Type: Glossary
An A1 certificate verifies the country where an employee pays social security contributions when working temporarily in another European nation. … In the European Union (EU), citizens can freely move among EU member states to live and work. However, when visiting another European country for business purposes, EU citizens must prove where they pay social security. Employers use an A1 certificate …
Type: Glossary
International employment is the practice of hiring and managing employees who live and work in countries different from where their employer is based. … The modern workplace breaches traditional geographic boundaries, and organizations that embrace international employment can gain significant competitive advantages. The benefits include sourcing talent with various skills and experience, hiring …
Type: Glossary
International labor law comprises the rules and regulations governing employment relationships across borders, including the rights and obligations of workers, employers, unions, and governments. … International labor law operates at multiple levels through both public and private international frameworks. The International Labour Organization (ILO) , a specialized UN agency with 187 member …
Type: Glossary
In-kind benefits are non-monetary forms of compensation provided to employees in addition to their regular salary. … Also called “benefits in kind,” perks, or fringe benefits , almost anything of value offered to employees beyond wages or a salary can qualify as “in-kind.” Organizations offer these non-cash perks to their workforce to increase job satisfaction and improve work-life balance. They …
Type: Glossary
A remote work allowance is a stipend or reimbursement employers provide to cover expenses employees incur while working from home or another remote location. … Remote work allowances help organizations maintain productivity and employee satisfaction by offsetting various costs associated with remote work setups. These expenses typically include internet service, office supplies, utilities, and …
Type: Glossary
A foreign legal entity is a company, organization, or business structure that is officially registered and conducts operations in a country other than where it was originally established. … Essentially, a foreign legal entity is similar to a foreign corporation . In the U.S., it refers to an established corporation that is legally registered to operate in a state or jurisdiction outside its …
Type: Glossary
IR35 legislation is a set of anti-avoidance tax laws that eliminate tax discrepancies between contractors and employees with the same responsibilities. … Inland Revenue 35 (IR35) is a form of U.K. legislation that specifically targets “disguised employees.” Her Majesty’s Revenue and Customs (HMRC) defines disguised employees as workers who provide services to clients through their own limited …
Type: Glossary
The gold standard in global HR compliance HR compliance isn’t a checkbox at Velocity Global. We set the industry standard for compliant EOR services through regular audits certifications and employment licensing. Unlike third-party providers we manage our own entities to exceed employment requirements leading the EOR industry in global HR compliance. Achieve peace of mind with our robust HR …
Type: Component Page
For higher education institutions that want to be at the forefront of innovation and thought leadership a globally mobile workforce is essential. Benefits include everything from increasing diversity of thinking and access to research funding to supporting employee well-being recruitment and retention.The increasing has invoked more government scrutiny of cross-border employment than ever before. …
Type: Resource (Article)
