Extensis

APRIL 29, 2024

PEO: a brief overview for small business owners A PEO is a company that delivers cost-effective, outsourced HR , payroll , employee benefits , recruiting , and risk and compliance services. As a result, managing employee benefits and healthcare costs has become a top priority for many employers.

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JULY 10, 2023

If you have been having challenges in payroll processing , we invite you to join us as we explore the benefits of using an employer of record (EOR) for payroll management. What is the Employer of Record for Payroll? To help you decide whether to partner with an EOR, here are the key employer of record benefits.

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FEBRUARY 7, 2024

Social Security Contributions: Both employers and employees are required to contribute to the National Social Security Fund (CNPS). The contributions fund various social security benefits, including retirement pensions, healthcare, and maternity leave.

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Global Upside

JUNE 10, 2020

Contractor: The contractor not only signs an agreement with and gets paid by the umbrella company, that company also provides full employment rights. Those rights may include health benefits, access to a retirement fund, holiday and sick pay, and HR services. Hire a global employer of record.

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JANUARY 30, 2024

Employees, on the other hand, have the right to refuse work if they believe it poses a serious risk to their health and safety, without facing adverse consequences from their employers. Employee Benefits and Leave Policies: Labor laws in Bermuda also address employee benefits and leave entitlements.

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JANUARY 3, 2024

Reporting and Compliance: Employers must file monthly tax returns, and annual reports are required as well. Employee Benefits in Estonia Estonia places a strong emphasis on ensuring the welfare and development of its workforce through a diverse range of employee benefits.

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Extensis

MAY 1, 2023

employees are employed by small businesses 12.9 It’s been reported that within five years of opening their doors, an average of 50% of businesses fold. As the “employer-of-record,” a PEO handles daily employee management tasks but does not take over the day-to-day business operations or control any organizational decision-making.

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APRIL 12, 2023

Hiring employees is an essential part of business growth, but it comes with various responsibilities, such as payroll, taxes, benefits administration, compliance, and other HR functions. This is where an Employer of Record (EOR) or a Professional Employer Organization (PEO) comes in.

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MARCH 20, 2024

Statutory Deductions: In addition to income tax, NIS, and education tax, employers may also be required to deduct other statutory deductions from employees’ salaries, such as contributions to pension schemes or union dues. Pension Plans : Some companies offer pension plans to help employees save for retirement.

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APRIL 4, 2024

Tax Compliance: Employers and individuals must comply with all tax filing and reporting requirements set forth by the Luxembourg tax authorities. In Luxembourg, the 13th-month salary, commonly referred to as “13th-month bonus” or “13th-month pay,” is a common practice in many employment contracts.

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APRIL 1, 2024

Payment: Employers are responsible for disbursing salaries to employees on the agreed-upon schedule, typically monthly. Reporting: Employers must maintain accurate records of employee salaries, deductions, and payments for reporting purposes. How to Use an Employer of Records (EOR) in Lebanon?

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JULY 21, 2023

Co-employment refers to a relationship in which two or more entities share employer responsibilities for a group of employees. In contrast, the other entity maintains control over day-to-day operations, job functions, and employee supervision. Here are compelling reasons why you might choose co-employment.

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APRIL 9, 2024

Tax Withholding: Employers are responsible for withholding taxes from employees’ salaries and remitting them to the tax authorities on a regular basis. The withholding tax rates are determined based on the employee’s income level and tax bracket. How to Use an Employer of Record (EOR) in Mauritania?

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JANUARY 5, 2024

Payslips: Employers are required to provide employees with detailed payslips that include information on gross pay, deductions, and net pay. Revenue Online Service (ROS): Employers are encouraged to use the Revenue Online Service (ROS) for managing payroll taxes and submitting relevant reports and forms.

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DECEMBER 21, 2023

Creating a sense of belonging and inclusivity contributes to higher employee satisfaction and productivity. Employee Benefits and Well-being: Belgium is known for its strong emphasis on employee well-being, and the onboarding process reflects this commitment. Compliance: 1.

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DECEMBER 25, 2023

Tax Reporting: Annual tax returns are typically due by July 1st for individuals. Employers are responsible for withholding and remitting taxes on behalf of employees. Employee Benefits in Denmark 1. Work-Life Balance: Denmark places a high value on work-life balance, and this is reflected in employee benefits.

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APRIL 17, 2024

Employee Benefits: Employers in Mongolia are required to provide certain benefits to their employees, including social insurance, health insurance, and paid leave. The specifics of these benefits may vary depending on factors such as the employee’s length of service and job position.

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Terryberry

MAY 3, 2024

Benefits Administration Software: An Overview Also known as human capital management (HCM) platforms, benefits administration software is designed to streamline the management of employee benefits. This ensures accurate enrollment information and timely processing of benefit-related transactions.

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JULY 14, 2023

Challenges Involved in International Payroll Processing As mentioned above, managing international payroll poses several challenges due to the diverse nature of employment laws and regulations across countries. This includes standardizing payroll calculations, deductions, and benefits administration, ensuring adherence to local regulations.

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Prism HR

OCTOBER 22, 2019

A professional employer organization (PEO) is a human resources outsourcing company that provides HR services like payroll and benefits to small and mid-sized business clients. The PEO is the employer of record, responsible for paying your employee wages, taxes, and withholdings under its PEO tax ID numbers.

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FEBRUARY 23, 2024

Compliance and Reporting: Tax Filing and Reporting: Employers are required to file periodic tax returns and reports with the relevant authorities, including the Internal Revenue Service (SRI) in Ecuador. Failure to comply with tax filing and reporting obligations may result in penalties and fines for employers.

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MARCH 17, 2024

The duration and conditions for sick leave entitlement vary depending on the employment contract and length of service. Pension Benefits: Iceland has a robust pension system that provides retirement benefits to its citizens. How to Use an Employer of Record (EOR) in Iceland?

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MARCH 23, 2024

Benefits and Perks: Employees are informed about the benefits and perks they are entitled to, such as healthcare, insurance, vacation days, and any other employee benefits offered by the company. This permit is usually issued for a limited duration and requires sponsorship from a host organization or employer.

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DECEMBER 25, 2023

Employers are typically required to pay salaries by the end of the month, covering the work performed in that month. Timely payments are crucial to maintaining a positive employer-employee relationship and complying with legal obligations. This ensures that employees have access to faster and more comprehensive medical services.

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DECEMBER 13, 2023

Negotiation and Compensation: Benefits: French employees often value benefits such as healthcare, vacation time, and retirement plans. Reporting and Compliance: Employers must submit regular reports to tax authorities, including declarations related to social security contributions and income tax withholding.

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DECEMBER 1, 2023

Payroll Reporting: Employers are required to submit regular payroll reports to tax authorities. Types of Leave Policies in Austria Austria has a well-structured and comprehensive leave policy that aims to balance the needs of employees with the operational requirements of businesses.

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Homebase

MAY 10, 2023

Our platform will even distribute 1099s automatically for new hires and submit necessary reporting. Helps owners and employees stay on top of hours and schedules: When your team clocks in with our mobile app, Homebase instantly calculates hours, breaks, overtime, and PTO and syncs everything with your payroll tool.

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FEBRUARY 13, 2024

Equal Treatment and Anti-Discrimination Laws: Cyprus has legislation prohibiting discrimination in employment based on factors such as gender, age, ethnicity, religion, disability, or sexual orientation. Employers must ensure equal treatment and opportunities for all employees.

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Vantage Circle

JANUARY 9, 2024

Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation. Benefits Administration : Manages employee benefits, such as health insurance, retirement plans, and other perks.

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NOVEMBER 22, 2023

Fair Credit Reporting Act (FCRA): If an employer conducts background checks on potential employees, they must comply with the FCRA. Immigration Reform and Control Act (IRCA): Employers must verify the employment eligibility of all employees by completing Form I-9.

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NOVEMBER 29, 2023

Probation Period: The standard probation period for employees in the UAE is typically six months. During this time, either party can terminate the employment contract with minimal notice. Employee Benefits: Employers are required to provide certain benefits to employees, including health insurance coverage.

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DECEMBER 5, 2023

Colombian Labor Laws and Regulations Colombian labor laws are crucial for employers to grasp, covering everything from working hours to employee benefits. Employers are required to contribute to these funds, ensuring that employees have access to essential services and financial security during retirement.

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DECEMBER 11, 2023

Both employees and employers contribute a percentage of the employee’s salary to the CPF, which is then used for retirement, healthcare, and housing needs. Employee Provident Fund (CPF): The Central Provident Fund (CPF) is a mandatory social security savings scheme for employees in Singapore.

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DECEMBER 22, 2023

Collective Bargaining and Trade Unions: Employees in Poland have the right to organize and participate in collective bargaining through trade unions. Employers are required to engage in collective bargaining in certain situations. Employers must be aware of their obligations in providing these benefits.

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DECEMBER 20, 2023

Compliance and Reporting: Employers must comply with various reporting requirements, including monthly and annual filings related to payroll and social security contributions. Compliance with Spanish Laws: Foreign employees must comply with Spanish labor laws and regulations during their stay.

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APRIL 2, 2024

Permanent employment contracts offer stability and often include benefits such as health insurance, retirement plans, and paid leave. These contracts are commonly used for temporary or project-based work where the need for the employee’s services is expected to end at a predetermined time.

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DECEMBER 4, 2023

There are also public holidays that may entitle employees to additional rest days or premium pay for working on those days. Social Security and Benefits: Employers are required to contribute to social security funds, providing employees with access to healthcare, retirement, and other benefits.

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