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Everything You Need to Know About Benefits in Kind

A benefit in kind (also known as fringe benefit or perk) is any non-cash benefit of monetary value that an employer provides to employees. Unlike statutory benefits, which are mandated … See more

Actived: 5 days ago

URL: https://boundlesshq.com/blog/payroll/everything-benefits-in-kind/

Great employee benefits packages and how to deliver them

WebTech giant Adobe is a great example to take inspiration from – the company offers employees $10,000 per year for tuition and books for courses and graduate …

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Employee Benefits in Netherlands Boundless

WebMandatory Employee Benefits in Netherlands Health insurance All individuals living in the Netherlands have to participate in the health insurance scheme (zorgverzekering).For …

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Employee Benefits in Chile Boundless

WebDivide 30% of the total net income of the company among all the employees, proportionate to their income. Pay the employee 25% of wages earned during the year, regardless of …

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Employee Benefits in Poland Boundless

WebThe state gives a welcome package of 250 zł and an annual subsidy of 240 zł. PPK is voluntary for employees. However, if they are between 19 and 54 years of age, they are …

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Employee Benefits in Brazil Boundless

WebIn Brazil, it’s mandatory to provide employees with an additional month’s salary at the end of the year, which is called the 13th month salary. Employers must provide this benefit to all …

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Employee Benefits in Lithuania Boundless

WebSick leave. In Lithuania, employees are entitled to paid sick leave. The employer is responsible for paying the first two days of the illness at a rate ranging 62.06% – 100% of …

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Employee Benefits in Norway Boundless

WebAll employers in Norway must save for pensions for their employees. In the private sector, the employer is normally subject to a defined contribution pension agreement entered …

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Employee Benefits in New Zealand Boundless

WebKiwiSaver is a voluntary savings scheme available to every new employee between the ages of 18 and 65. Its purpose is to help set employees up for retirement. The default …

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Employee Benefits in Bulgaria Boundless

WebTransport to the workplace. Support of young/new hires for up to the first full year of employment. Supply of work clothing and uniforms. Canteens, buffets, or other mealtime …

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Employee Benefits in Australia Boundless

WebLife and disability insurance. The most common non-mandatory benefit in Australia is a Life and Disability insurance. Premiums are usually between 0.5% and 0.8% of the salary …

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Employment Taxes in Bulgaria Boundless EOR

WebThe percentage is distributed as follows: Mandatory state pension fund: 8.22%. Additional mandatory pension insurance: 2.8%. general illness and maternity fund: 2.1%. …

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Employee Benefits in Czech Republic Boundless

WebEmployers contribute 21.5% of the employee’s gross remuneration (part of the 25% employers contribute into Social Security), while employees contribute 6.5%. There are …

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Employee Rights in Chile Boundless EOR

WebCompanies must provide employees with a written employment contract, which must be signed by both parties at least 15 days before the beginning of employment. Each party …

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Employment Taxes in Canada Boundless EOR

WebAnnual BC payrolls of CAD$500,000 to CAD$1,500,000 are subject to EHT at 2.925% on the portion that exceeds CAD$500,000. If the annual BC payroll exceeds …

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Employment Taxes in Germany Boundless EOR

Web1.70%. €4,987.50. €4,987.50. Unemployment. 1.30%. €7,300. €7,100. *Employees who earn up to €66,600 annual gross wage must be insured by one of the public health …

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Employment Taxes in Netherlands Boundless EOR

WebEmployers are required to contribute 6.68% (for 2023), capped at €66,956 a year of the employee's base salary towards the Healthcare Insurance Act (Zorgverzekeringswet). …

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Employee Rights in Poland Boundless EOR

WebRights of employees under OHS: A right to work in safe and healthy conditions. Refrain from work and notify their manager immediately if the conditions of work do not correspond to …

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Remote Working Policy in Canada Boundless EOR

WebEmployers should (1) be alert to the signs of domestic violence and (2) work with employees to develop precautions such as updating emergency contacts, keeping in regular contact …

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