Global HR library
Checklist: benefits for contractors
Why provide benefits to contractors?
As an HR leader, you're responsible for attracting and keeping the talent that drives your organisation's success. Skilled contractors can add vital expertise and back up your permanent team. Still, finding and retaining the best contractors is tough in a competitive labour market — offering benefits similar to those for full-time staff can help.
12-step checklist to provide benefits for contractors
Legal compliance - Ensure benefits comply with local, state and federal laws, including tax, immigration and employment requirements.
Budget - Factor the cost of benefits into your planning and confirm it fits the budget set for contractor pay.
Consistency - Provide benefits consistently to all contractors, regardless of where they are based or their nationality, to avoid discrimination and keep things fair.
Tax implications - Assess the tax consequences of offering benefits, including withholding obligations and reporting duties.
Private medical insurance - Provide private medical insurance where appropriate, particularly if it is compulsory in the contractor's country of residence.
Retirement benefits - Include retirement options, such as a 401(k) or a pension scheme, to help contractors save for the future.
Holiday and time off - Offer paid holidays and time off so contractors can rest and avoid burnout.
Employee Assistance Program (EAP) - Provide an EAP to give contractors access to mental health and emotional-support services.
Professional development - Give contractors access to professional development, such as training and courses, so they can build their skills.
Communication - Clearly and regularly communicate the benefits available so contractors understand what is provided and how to use it.
Flexibility - Offer flexible benefit options so contractors can choose what matters most to them.
Review and update - Review and refresh benefits regularly to keep them relevant and effective.
Manage benefits and compliance globally from one platform
Putting together competitive, compliant benefits packages is a complex task, especially for a global workforce. That’s why a global employment platform like Remote can be a practical choice for growth-focused companies scaling international employment.
Remote provides benefits packages that are locally competitive and globally compliant. Wherever your employees or contractors are based, they'll have access to benefits that meet local legal requirements. Whether your workforce is full-time or made up of freelancers, Remote supports you. Our global benefits experts can design a customised package that is cost-effective, locally compliant and inclusive across borders.
Arrange a call to discuss your benefits plans
You can manage the full employment lifecycle for contractors and employees worldwide in one straightforward software hub. Remote is the market-leading multi-country payroll provider, offering HR leaders a simple, efficient way to manage payroll, benefits and compliance for all employees and contractors around the world.
Best of all, Remote is straightforward to use. Its clean, user-friendly platform puts all the employment information you need in one neat hub. Sign up now and have a look around!