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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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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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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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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HR Lineup

JULY 16, 2023

With the rise of the gig economy and the growing trend of remote work, employers are struggling to keep up with the changing regulations and compliance requirements. This is where Employer of Record (EOR) services come in. What is an Employer of Record (EOR)?

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JANUARY 22, 2024

From healthcare and retirement plans to flexible work arrangements and professional development opportunities, these benefits play a crucial role in attracting and retaining top talent while promoting a positive and inclusive work culture. Retirement Benefits: Pension schemes are an integral part of employee benefits in Armenia.

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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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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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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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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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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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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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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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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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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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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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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

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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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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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 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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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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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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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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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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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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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. Both employers and employees contribute to pension funds, ensuring financial security during retirement.

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FEBRUARY 23, 2024

Benefits: While not mandated by law, some employers may offer additional benefits such as health insurance, retirement plans, life insurance, and assistance programs to attract and retain talent. Some employers also offer supplementary retirement plans to their employees.

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APRIL 17, 2024

Retirement Benefits: Employers often provide retirement benefits in the form of a pension plan or contributions to an employee’s individual retirement account. This helps employees save for their future and ensures financial security after retirement. How to Use an Employer of Record (EOR) in Mongolia?

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NOVEMBER 13, 2023

Statutory Requirements: Gratuity: As per the Payment of Gratuity Act, employees who have completed at least five years of continuous service are entitled to receive gratuity upon termination or retirement. Provident Fund (PF): Both the employer and the employee contribute to the provident fund, a mandatory savings scheme.

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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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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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HIRED

JUNE 28, 2022

They usually provide access to other services (like retirement accounts, enhanced health insurance, and other benefits at competitive rates). What is an Employer of Record (EOR)? Unlike PEO, EOR (employer of record) is a descriptive term, not a legal term.

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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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JULY 14, 2023

Partner with Global Payroll Providers: Engaging with international payroll providers or global employer of record services can be beneficial, especially when operating in multiple countries. Payroll systems with multi-country capabilities can handle diverse requirements and simplify compliance.

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JULY 24, 2023

Benefits may include health insurance, retirement plans, paid time off, and other employee perks contributing to job satisfaction and well-being. Seek the services of an employer of record (EOR): Utilize the services of an e mployer of record , a third-party provider that acts as the official employer for foreign workers.

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