Global HR library
Benefits checklist for contractors
Why provide benefits to contractors?
As an HR leader, you are responsible for attracting and retaining top talent to support your organisation’s goals. Skilled contractors can complement your permanent teams by bringing specialist expertise. However, securing and retaining the best contractors is increasingly difficult in a competitive market. Extending benefits to contractors, similar to those for full-time staff, is one practical way to address this.
12-step checklist to provide benefits for contractors
Legal compliance - Ensure benefits comply with relevant local, state and federal legislation, including tax, immigration and employment requirements.
Budget - Assess the cost of offering benefits and confirm they fit within the contractor compensation budget.
Consistency - Provide benefits consistently across contractors, regardless of location, to prevent discrimination and maintain fairness.
Tax implications - Consider tax consequences, including withholding obligations and reporting duties when offering benefits.
Private medical insurance - Provide private medical cover for contractors where appropriate, particularly if it is mandatory in their country of residence.
Retirement benefits - Offer retirement savings options, for example a 401(k) or pension scheme, to help contractors build for the future.
Holiday and time off - Allow paid holiday and time off for contractors to help them recharge and reduce the risk of burnout.
Employee Assistance Program (EAP) - Provide an EAP to supply emotional and mental-health support for contractors.
Professional development - Offer training and course opportunities to help contractors enhance their skills.
Communication - Communicate benefits regularly so contractors are aware of them and understand how to use them.
Flexibility - Offer flexible benefit options so contractors can choose what matters most to them.
Review and update - Periodically review and revise the benefits offered to ensure they stay relevant and effective.
Manage benefits and compliance globally from one platform
Designing competitive, compliant benefits packages is challenging for organisations with an international workforce. That is why a global employment platform such as Remote is an ideal solution for growth-focused organisations scaling international employment.
Remote delivers locally competitive, globally compliant benefits packages. Wherever your employees or contractors are based, they will have access to benefits that meet local legal requirements. Whether you have full-time employees or a team of freelancers, Remote supports your needs. Our global benefits specialists design customised packages that are cost-effective, locally compliant and inclusive across jurisdictions.
Arrange a call to discuss your benefits plans
Manage the complete employment lifecycle for contractors and employees worldwide from a single software hub. Remote is the market-leading multi-country payroll provider, providing HR leaders with an efficient, straightforward method to oversee payroll, benefits and compliance for all of your employees and contractors globally.
Best of all, Remote is easy to use. Its intuitive, user-friendly platform provides all the information you need in a single employment hub.Sign up now and explore the platform!