Zenefits

FEBRUARY 19, 2022

Others are opting to retire earlier than planned. For business owners that cannot afford to pay for healthcare benefits, for example, the worker has the benefit from its employer of record — the temp agency. Many expected the talent shortage would wane as enhanced unemployment benefits expired, but the opposite is being seen.

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JANUARY 24, 2024

Both employers and employees are required to contribute to the National Insurance Fund, which covers benefits such as sickness, maternity, invalidity, and retirement pensions. Employers need to ensure compliance with the established minimum wage to avoid legal issues. How to Use an Employer of Record (EOR) in the Bahamas?

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MARCH 29, 2023

However, managing a global workforce can be a complex and challenging task, especially when it comes to compliance with local labor laws, tax regulations, and employment standards. This is where a Global Employer of Record (EOR) comes into play. What is a Global Employer of Record (EOR)?

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APRIL 6, 2023

To overcome these challenges, many companies are turning to Global Employer of Record (EOR) services. What is Global Employer of Record (EOR)? Global Employer of Record (EOR) is a service that allows companies to hire and manage employees in different countries without having to set up a legal entity in each location.

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FEBRUARY 2, 2024

These may include health insurance, retirement plans, bonuses, and leave entitlements. Employers and employees contribute to the NSSF, ensuring that workers have access to financial support during times of illness, disability, or retirement. How to Use an Employer of Record (EOR) in Botswana?

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HR Tech Girl

APRIL 17, 2023

When doing that, consider the following: Employee hourly wage and salary Employee retirement saving Health insurance Employee well-being fund Paid time off Employee raises and bonuses. For example, if you’re planning on expanding internationally, then an employer of record will likely be a good idea.

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NOVEMBER 21, 2023

Benefits Practices: Mandatory Provident Fund (MPF): Hong Kong has a mandatory retirement savings scheme known as the MPF, where both employers and employees contribute a percentage of the employee’s salary to a retirement fund. This ensures that employees have a financial cushion when they retire.

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Hiring Software Recruiting Software Wage and Hour Training Interview Software 72

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

Retirement Benefits: Employee retirement benefits are a crucial aspect of the overall compensation package in Bermuda. Companies commonly offer pension plans or provident funds to help employees save for their retirement. These may include health insurance, retirement plans, housing allowances, and other non-monetary incentives.

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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. How to Use an Employer of Record (EOR) in Chad?

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Recruiters Lineup

DECEMBER 13, 2023

Negotiation and Compensation: Benefits: French employees often value benefits such as healthcare, vacation time, and retirement plans. Both employers and employees contribute to the French social security system, which covers various benefits such as healthcare, maternity/paternity leave, disability, and retirement.

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JANUARY 9, 2024

Unemployment benefits provide a safety net for individuals facing job loss, and the pension system ensures financial security in retirement. Employers are required to facilitate health insurance coverage for their employees, contributing to a system that ensures access to necessary medical care.

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Recruiters Lineup

DECEMBER 1, 2023

Pension Plans: Austria has a well-established pension system to provide financial security to employees in their retirement years. Employers and employees make contributions to the pension fund. Contributions to the pension system fund retirement benefits for employees. How to Use an Employer of Record (EOR) in Austria?

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Recruiters Lineup

JANUARY 28, 2024

Employers are also required to contribute a percentage of their employees’ salaries to the Social Security Board. Pension Plans: Some employers may offer pension plans as part of their employee benefits. These plans are designed to provide income to employees after retirement.

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HiBob

OCTOBER 21, 2024

HiBob Small business leaders use HiBob’s HR software, Bob , to manage every aspect of the employee lifecycle from recruitment to retirement. Prospective users are encouraged to conduct their own research to make the best decision for their organization. This platform supports small HR teams in handling payroll and compliance.

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JANUARY 18, 2024

Here are some key points related to payroll and taxes in Angola: Payroll in Angola: Social Security Contributions: Employers and employees are required to contribute to social security schemes. These contributions fund benefits such as health care, retirement, and disability benefits. How to Use an Employer of Record (EOR) in Angola?

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JULY 17, 2023

The good news is that most employers make it happen through the services of an employer of record. Keep detailed records of income, expenses, and relevant tax documents. Take advantage of deductions and credits available for remote work expenses, education, retirement contributions, and more.

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Recruiters Lineup

DECEMBER 5, 2023

Employers are required to contribute to these funds, ensuring that employees have access to essential services and financial security during retirement. Understanding the intricacies of the social security system is crucial for both employers and employees to navigate the benefits landscape effectively.

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MARCH 23, 2024

Here’s an overview of payroll and tax considerations in Kazakhstan: Payroll in Kazakhstan: Salary Structure: Employers in Kazakhstan typically provide salaries to employees based on fixed monthly rates or hourly wages. How to Use an Employer of Records (EOR) in Kazakhstan?

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Extensis

APRIL 29, 2024

As the employer of record, a PEO handles daily employee management tasks but does not take over business operations or control organizational decision-making. This co-employment relationship offers a myriad of advantages. Complimentary benefits ( employee assistance programs , special discounts, etc.)

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Recruiters Lineup

JANUARY 3, 2024

Employers often contribute to employees’ pension funds, ensuring that workers can build a financial safety net for their retirement years. Staying informed about employment contracts, working hours, and other legal requirements is essential to avoid potential fines or legal complications.

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Extensis

MAY 1, 2023

PEO: a brief overview for small business owners A professional employer organization, or PEO, like ExtensisHR , is a company that delivers cost-effective, outsourced services for HR, payroll, employee benefits, recruiting, risk management, and compliance–giving business owners and managers more time to focus on revenue-generating activities.

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Homebase

MAY 10, 2023

Patriot’s HR software also allows you to run standard HR reports for new hires, demographics, retirement, and employee census. An Employer of Record plan that lets you hire employees in countries where you don’t have a business set up. month plus $4 PEPM Premium plan for $37.50 a month plus $8 PEPM Elite plan for $62.50/month

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Terryberry

MAY 3, 2024

401(k) Administration 401(k) administration is a critical aspect of benefits management software for any business that offers a retirement plan to its employees. You can use it to provide employees with health insurance that includes dental and vision coverage, as well as 401(k) retirement plans. NOT NO MORE!"

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APRIL 24, 2023

One solution that has gained popularity in recent years is the Employer of Record (EOR) model. What is an Employer of Record (EOR) Solution? An Employer of Record (EOR) is a third-party service provider that takes on the administrative responsibilities of an employer for a specific group of employees.

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JANUARY 5, 2024

Many employers contribute to health insurance premiums, ensuring that their employees and their families have access to quality healthcare without bearing the full financial burden. Retirement Benefits: Irish employees commonly receive retirement benefits designed to support them in their later years.

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APRIL 4, 2024

Employees contribute to the pension scheme through social security contributions, and the amount of pension benefits received upon retirement depends on factors such as the length of employment and earnings history. These benefits vary depending on the employer and industry. How to Use an Employer of Records (EOR) in Luxembourg?

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Recruiters Lineup

FEBRUARY 13, 2024

Pension Plans: While there’s a state pension system, some employers offer additional pension plans or contributions to private pension funds to help employees save for retirement. Flexible Working Arrangements: Some employers offer flexible working hours or remote work options to promote work-life balance.

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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. If you’re considering different employment arrangements, exploring the advantages of co-employment can help you make an informed decision.

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APRIL 9, 2024

Tax Deductions and Allowances: Certain deductions and allowances may be available to employees to reduce their taxable income, such as deductions for dependents, retirement contributions, and certain business expenses. Employers should ensure that these deductions and allowances are applied correctly when calculating employees’ taxes.

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APRIL 1, 2024

Lebanese labor law mandates a minimum of 15 days of paid annual leave, but many employers offer additional days or a more generous PTO policy to attract top talent. These benefits help employees plan for their financial security after retirement. How to Use an Employer of Records (EOR) in Lebanon?

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Recruiters Lineup

MARCH 20, 2024

Pension Plans : Some companies offer pension plans to help employees save for retirement. These plans may be contributory, with both the employer and the employee making contributions, or non-contributory, where the employer solely funds the pension plan. How to Use an Employer of Record (EOR) in Jamaica?

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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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DECEMBER 25, 2023

Employers often contribute to private health insurance plans to provide additional coverage, such as dental and vision care, ensuring that employees receive well-rounded healthcare support. Pension and Retirement Plans: Danish employers typically offer robust pension plans to their employees, emphasizing long-term financial security.

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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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Recruiters Lineup

APRIL 12, 2023

This is where an Employer of Record (EOR) or a Professional Employer Organization (PEO) comes in. What is an Employer of Record (EOR)? Compliance: The EOR takes care of compliance issues, such as local, state, and federal employment laws, tax regulations, and reporting requirements.

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JANUARY 16, 2024

Social Security and Retirement Plans: Albanian labor laws require employers to contribute to the social security system, providing employees with financial protection in the event of illness, disability, or retirement. How to Use an Employer of Record (EOR) in Albania?

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