Global HR library
Contractor benefits checklist
Why provide benefits to contractors?
As an HR leader, your responsibilities include attracting and retaining top talent to advance your organisation’s goals. Experienced contractors bring crucial expertise and augment your permanent teams. In a competitive labour market, it can be hard to secure and keep the best contractors. Extending benefits to contractors, much like those offered to full-time employees, is one effective way to address this challenge.
A 12-step checklist to provide benefits to contractors
Legal compliance - Verify that benefits conform to applicable local, state, and federal regulations, including tax, immigration, and employment requirements.
Budget - Assess the cost of providing benefits and ensure it fits within the contractor compensation budget.
Consistency - Apply benefits uniformly to all contractors, regardless of location or nationality, to avoid discrimination and promote fairness.
Tax implications - Take into account tax consequences, including withholding obligations and reporting duties.
Private medical insurance - Provide private medical insurance where appropriate, particularly when it is required in the contractor’s country of residence.
Retirement benefits - Include retirement options—such as a 401(k) plan or a pension plan—to help contractors save for the future.
Holiday and time off - Provide paid holidays and time off so contractors can recharge and reduce the risk of burnout.
Employee Assistance Program (EAP) - Make an EAP available to provide emotional and mental health support for contractors.
Professional development - Provide professional development opportunities, such as training and courses, to help contractors build their skills.
Communication - Communicate benefits to contractors regularly so they are aware of and understand what is available.
Flexibility - Offer flexible benefit options that let contractors choose the benefits they value most.
Review and update - Review and refresh benefits periodically to ensure they remain relevant and effective.
Manage benefits and compliance worldwide from a single platform
Putting together competitive, legally compliant benefits packages is difficult when your workforce spans multiple countries. A global employment platform like Remote is designed to help growth-focused companies scale international employment.
Remote provides locally competitive, globally compliant benefits packages. Wherever your employees or contractors are based, they will have access to benefits that meet local legal and regulatory standards. Whether your team is comprised of full-time employees or freelance contractors, Remote can support your needs. Our global benefits specialists design customised packages that are cost-effective, locally compliant, and inclusive across countries.
Arrange a call to review your benefits plans
Manage the entire employment lifecycle for employees and contractors worldwide from one straightforward software hub. Remote is the the market-leading multi-country payroll provider, and it offers HR leaders an uncomplicated, efficient way to manage payroll, benefits, and compliance for all employees and contractors around the world.
Most importantly, Remote is straightforward to use. Its intuitive, user-friendly platform centralizes the information you need in one employment hub.Sign up now and explore the platform!