Global HR library
Checklist: benefits for contractors
Why provide benefits to contractors?
As an HR leader, your role includes drawing in and retaining high-calibre talent to help your organisation succeed. Experienced contractors can supply specialist expertise and back up your permanent teams. With the current competitiveness of the jobs market, securing and keeping the best contractors is often challenging. Offering benefits to contractors, similar to those for your full-time staff, is one effective approach.
12-step checklist for providing benefits to contractors
Legal compliance - Ensure the benefits you provide comply with local, provincial, and national laws, including tax, immigration and employment regulations.
Budget - Factor the cost of benefits into your planning and make sure it sits within the budget allocated for contractor compensation.
Consistency - Provide benefits uniformly to all contractors, irrespective of location or nationality, to avoid discrimination and preserve fairness.
Tax implications - Review the tax consequences of offering benefits, including withholding obligations and statutory reporting requirements.
Private medical insurance - Where applicable, provide private medical insurance to contractors, particularly if it is compulsory in their country of residence.
Retirement benefits - Provide retirement benefits, for example a pension or retirement-savings plan, to help contractors put aside funds for the future.
Holiday and time off - Offer paid holiday and leave to contractors so they can recharge and lower the risk of burnout.
Employee Assistance Program (EAP) - Provide an EAP to give contractors access to emotional and mental health support.
Professional development - Provide opportunities for professional development, such as training and courses, to help contractors sharpen their skills.
Communication - Keep contractors regularly informed about the benefits available so they understand what is on offer.
Flexibility - Provide flexible benefit options that let contractors choose the elements most important to them.
Review and update - Periodically review and refresh the benefits you offer to ensure they remain relevant and effective.
Manage benefits and compliance globally from a single platform
Delivering benefits packages that are both competitive and compliant is demanding, especially when you have a dispersed global workforce. That is why a global employment platform such as Remote can help growth-focused companies scale international employment efficiently.
Remote provides locally competitive, globally compliant benefits packages. Wherever your employees or contractors are based, they can access benefits that meet local laws and regulations. Whether you employ a full-time workforce or work with a group of freelancers, Remote supports your needs. Our team of global benefits experts can design a customised package that is cost-effective, locally compliant, and inclusive across countries.
Set up a call to discuss your benefits plans
You can oversee the full employment lifecycle for contractors and employees globally from one straightforward 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.
Best of all, Remote is straightforward to use. Its intuitive, user-friendly platform centralises the information you need in one tidy employment hub. Sign up now and explore the platform!