Companies expanding globally often want to offer the same level of compensation and benefits to their remote workforce as they offer to the workers at Headquarters. But since every country has its own set of standard and optional requirements this task could be quite challenging.
Benefit packages could be expensive for businesses to provide for employees, especially when the number of employees is small or the assignment is in some "exotic" country where certain benefits are not common. This is where WeHG can help you out.
The globalization of business has increased the use of variable benefits and incentive pay around the world.
Benefits offered by the employer may include:
- Health and/or life insurance
- Disability insurance
- Vacation and sick leave pay
- Maternity leave
- Pension pay
- Profit share
- Bonuses and stock options
It’s important to understand which benefits are statutory and which are optional. Most countries have their own regulations and labor customs. Sometimes local customs are more powerful than laws. WeHG has local knowledge and expertise. We will help you customize your compensation and benefits package to be compliant and competitive in the foreign labor market.
The world is changing every day! The pace at which the world is changing is so fast that if you can’t change with the tide or position […]
In the world today, as a result of the company’s need for certain things like speed, expertise, skills, managed funds, etc to execute a particular task or […]
With the growing economies being witnessed in most countries, there exists the great potential for the businesses to expand and establish operations in foreign markets. International business […]