Total cost of employment is everything an employer spends to keep someone on staff, beyond gross pay. It adds employer social contributions, mandatory benefits, insurance, equipment, statutory leave and any EOR or admin fees.
Contractor or employee status turns on independence: a contractor runs a business selling services, an employee works under your direction in yours. The status decides who pays tax and contributions and which legal protections apply.
Employee benefits are the non-salary parts of a job package, such as health cover, retirement contributions, paid leave, insurance and allowances. Some are required by law in each country; others are offered by choice.
An employer of record (EOR) is a company that legally employs workers on another business's behalf in a country where that business has no entity. The EOR holds the employment contract, runs payroll and meets local employment duties, while the client directs the daily work.
Global payroll is the process of paying employees in several countries accurately and on time. It applies each country's tax, social contribution, benefit and reporting rules, usually in local currency through one central process.
A clear proven process, that delivers
You've seen our ideas - now go deeper.
Discover more insights, guides, and engineering practice.