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JANUARY 23, 2024

Retirement Benefits: The State Social Protection Fund plays a crucial role in providing retirement benefits for employees in Azerbaijan. Employers contribute to the fund, ensuring that employees receive a pension based on their years of service and earnings. How to Use an Employer of Record (EOR) in Azerbaijan?

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JANUARY 15, 2024

Retirement Plans: Retirement benefits are another essential aspect of the employee package in Ukraine. Employers often contribute to pension funds or provide retirement savings plans to help employees secure their financial future. How to Use an Employer of Record (EOR) in Ukraine?

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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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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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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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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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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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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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Recruiters Lineup

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

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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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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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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Recruiters Lineup

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 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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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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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

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 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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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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Recruiters Lineup

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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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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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 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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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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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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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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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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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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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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Vantage Circle

JANUARY 9, 2024

Benefits Administration : Manages employee benefits, such as health insurance, retirement plans, and other perks. SAP Success Factors SAP SuccessFactors is a cloud-based human capital management (HCM) suite that helps organizations manage their workforce from hire to retirement.

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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

DECEMBER 21, 2023

From robust social security systems to healthcare coverage, retirement plans, and a commitment to work-life balance, Belgium’s employee benefits contribute to a positive and supportive work environment. Pension and Retirement Benefits: Belgium places a strong emphasis on securing the financial future of its citizens.

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DailyPay

JULY 20, 2021

At NelsonHall, Pete has shared responsibility for HR services and technology research globally and leads research in the areas of Payroll Services, Global Employer of Record Services, and HCM Technology.

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JANUARY 31, 2024

Additionally, the Pension Fund Administrators (Administradoras de Fondos de Pensiones – AFPs) manage the pension contributions, securing financial support for employees during retirement. Social Security Contributions: Employers in Bolivia are required to make social security contributions on behalf of their employees.

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DECEMBER 8, 2023

Regular Employment: Regular employment is characterized by a continuous and permanent relationship between the employer and the employee. This type of employment typically comes with benefits such as health insurance, retirement plans, and other statutory benefits.

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