Global HR library
Checklist: benefits for contractors
Why provide benefits to contractors?
As an HR leader, you must attract and retain high-calibre talent to support your organisation's goals. Experienced contractors often supply essential expertise and additional capacity to permanent teams. Winning and keeping the best contractors is increasingly difficult in a competitive jobs market. Offering benefits to contractors, similarly to full-time staff, is one way to address that challenge.
A 12-step checklist for providing benefits to contractors
Legal compliance – Ensure the benefits you offer comply with local, regional and national legislation, including tax, immigration and employment rules.
Budget – Factor the cost of benefits into contractor compensation to make sure it fits within your overall budget.
Consistency – Provide benefits consistently to contractors, wherever they are based and regardless of nationality, to avoid discrimination and ensure fairness.
Tax implications – Take account of tax consequences when offering benefits, including withholding obligations and reporting requirements.
Private medical insurance – Provide private medical insurance where appropriate, particularly when it is mandatory in the contractor's country of residence.
Retirement benefits – Provide retirement benefits, for example access to a pension scheme or, where relevant, plans such as a 401(k), to help contractors save for the future.
Holiday and time off – Include paid holiday and leave entitlements for contractors so they can rest and avoid burnout.
Employee Assistance Program (EAP) – Provide an Employee Assistance Programme to give contractors access to emotional and mental-health support.
Professional development – Offer professional development opportunities, such as training courses, to help contractors enhance their skills.
Communication – Communicate regularly about the benefits available so contractors are informed and understand them.
Flexibility – Provide flexible benefit options so contractors can choose the benefits that matter most to them.
Review and update – Review and refresh your benefits on a regular basis to keep them relevant and effective.
Use a single platform to manage benefits and compliance globally
Designing benefits packages that are both competitive and compliant is often difficult for organisations with a global workforce. A global employment platform such as Remote therefore provides a practical way for companies aiming to scale international employment to manage that complexity.
Remote provides benefits packages that are competitive locally and compliant on a global basis. Wherever your employees or contractors are based, they'll be able to access benefits that meet local legal requirements. Whether your workforce is full-time or made up of freelancers, Remote supports you. Our team of global benefits specialists can design a customised package that is cost-effective, locally compliant and globally inclusive.
Arrange a call to talk through your benefits plans
Manage the entire employment lifecycle for contractors and employees globally from a single, simple software hub. Remote is the market-leading multi-country payroll provider, providing HR leaders with a straightforward, efficient means to manage payroll, benefits and compliance for every employee and contractor worldwide.
Best of all, Remote is straightforward to use. Our intuitive platform brings all the information you need into one tidy employment hub. Sign up now and take a look around!