Global HR library
Checklist for contractor benefits
Why provide benefits to contractors?
As an HR leader, you are responsible for attracting and retaining the talent needed to support your organisation's success. Skilled contractors can be essential, supplying specialist expertise and supplementing your permanent teams. Recruiting and holding on to top contractors is challenging in today's competitive labour market, so one effective approach is to extend benefits to contractors in a similar way to full-time employees.
12-step checklist for providing benefits to contractors
Legal compliance - Ensure the benefits you provide meet local, regional and national laws, including tax, immigration and employment requirements.
Budget - Assess the cost of providing benefits and confirm they sit within the budget allocated for contractor pay.
Consistency - Provide benefits on an equitable basis to all contractors, regardless of location or nationality, to avoid discrimination and ensure fairness.
Tax implications - Take account of the tax consequences of offering benefits, including withholding obligations and reporting duties.
Private medical insurance - Make private medical insurance available to contractors, particularly where it is compulsory in their country of residence.
Retirement benefits - Provide retirement arrangements, such as a 401(k) plan or a pension scheme, to support contractors in saving for the future.
Holiday and time off - Provide paid leave to contractors so they can rest and reduce the risk of burnout.
Employee Assistance Program (EAP) - Provide an Employee Assistance Programme (EAP) to give contractors access to emotional and mental health support.
Professional development - Offer training and development opportunities, including courses, to help contractors enhance their skills.
Communication - Keep contractors regularly informed about the benefits on offer so they understand what is available and how to use it.
Flexibility - Provide adaptable benefit options that allow contractors to choose what matters most to them.
Review and update - Periodically review and refresh benefit offerings to ensure they remain relevant and effective.
Manage benefits and compliance globally from a single platform
Creating benefits packages that are both competitive and compliant can be difficult, particularly when managing a global workforce. That is why a global employment platform such as Remote can be an ideal solution for growth-focused organisations that want to scale international employment.
Remote provides benefits packages that are competitive locally and compliant globally. Wherever your employees or contractors are based, they will have access to benefits that align with local laws and regulations. Whether you employ full-time staff or work with freelancers, Remote can support you. Our team of global benefits experts can design a customised package that is cost-effective, locally compliant and globally inclusive.
Set up a call to discuss your benefits plans
You can manage the entire employment lifecycle for contractors and employees worldwide from a single, straightforward software hub. Remote is the market-leading multi-country payroll provider, providing HR leaders with an uncomplicated and efficient way to manage payroll, benefits and compliance for all your employees and contractors around the world.
Best of all, Remote is straightforward to use. Our clean, user-friendly platform places all the information you need in a single employment hub.Sign up now and explore the platform!