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Pre-Employment Requirements: New hires are typically required to submit necessary pre-employment requirements, such as medical certificates and government-mandated documents. Orientation and Onboarding: New employees undergo an orientation process to familiarize them with the company policies, culture, and their specific roles.
C&B: Compensation and Benefits Compensation and Benefits (C&B) is the term used to describe the total package of monetary and non-monetary rewards an employee receives from their employer in exchange for their work. As such, they form a strategic link between HR and the business.
Co-employment is the business model used by PEOs. Among other things, it gives client companies access to a broader spectrum of employeebenefit plans, distributes employer risk, and shifts fiduciary liability of 401(k) plans to the PEO. Certification affects the employment tax liabilities of both the CPEO and its clients.
EmployeeBenefits: Employees in Costa Rica are entitled to various benefits, including paid vacation days, sick leave, maternity and paternity leave, and bonuses such as the mandatory Christmas bonus (Aguinaldo) equivalent to one month’s salary.
Sick Leave: Malawi labor laws also provide for sick leave to employees who are unable to work due to illness or injury. Some employers may require medical certification for extended sick leave periods. Maternity and Paternity Leave: Female employees are entitled to maternity leave to give birth and care for their newborn child.
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