Global HR library
Contractor benefits checklist
Why provide benefits to contractors?
As an HR leader, you must secure and keep top talent to support your organisation's objectives. Skilled contractors deliver essential expertise and back up your permanent team. Yet, recruiting and retaining the best contractors is increasingly difficult in today’s competitive labour market. Providing contractors with benefits similar to those for full-time staff is a practical way to address this challenge.
12-step checklist to implement contractor benefits
Legal compliance - Ensure benefits comply with local, state, and federal laws, including tax, immigration and employment requirements.
Budget - Assess the cost of benefits and confirm they fit within the contractor compensation budget.
Consistency - Provide benefits uniformly to all contractors across locations and nationalities to avoid discrimination and uphold fairness.
Tax implications - Take into account tax consequences, including withholding obligations and reporting requirements.
Private medical insurance - Provide private medical insurance where appropriate, and prioritise it where it is mandatory in their country of residence.
Retirement benefits - Include retirement options, such as a 401(k) or pension plan, to help contractors save for the future.
Holiday and time off - Provide paid holidays and time off so contractors can rest and reduce burnout.
Employee Assistance Program (EAP) - Make an EAP available to offer emotional and mental health support to contractors.
Professional development - Provide professional development opportunities, such as training and courses, to help contractors enhance their skills.
Communication - Communicate benefits to contractors regularly so they are clear about what is available.
Flexibility - Offer flexible benefit choices so contractors can select the options most important to them.
Review and update - Review and revise benefits on a regular basis to ensure they remain relevant and effective.
Manage benefits and compliance globally from one platform
Delivering competitive, compliant benefits packages across a global workforce can be complex. That is precisely why a global employment platform such as Remote suits growth-focused companies aiming to scale international employment.
Remote delivers benefits packages that are locally competitive and globally compliant. Wherever your employees or contractors are based, they will receive benefits that meet local laws and regulations. Whether your teams are full-time or freelance, Remote supports your requirements. Our 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
Manage the full employment lifecycle for contractors and employees worldwide from one central software hub. Remote is the market-leading multi-country payroll provider, offering HR leaders a simple and efficient way to manage payroll, benefits, and compliance for all of your employees and contractors around the world.
Most importantly, Remote is easy to use. Its straightforward, user-friendly platform provides access to all the information you need in one central employment hub.Sign up now and explore the platform!