Bonuses and Incentives EOR HR Function 
HR Tech Girl
SEPTEMBER 16, 2022
In a strategically designed HR function, all components of the HR team are aligned to enable the company to deliver on its purpose, hit organizational goals, and create a great workplace for its people. This includes not just base pay, but other incentives, bonuses, paid time off (PTO), deductions, and more.
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MARCH 20, 2024
Tax Incentives: Jamaica offers various tax incentives to businesses, such as tax credits for certain investments or tax holidays for qualifying companies. Employers should explore these incentives to optimize their tax liabilities legally. How to Use an Employer of Record (EOR) in Jamaica?
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DECEMBER 8, 2023
Bonuses: Extra compensation provided at special times, like the 13th-month pay, which is mandatory in the Philippines. In addition to the basic wage, companies often provide additional benefits, such as bonuses, allowances, and overtime pay, to attract and retain skilled employees.
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JANUARY 30, 2024
Additionally, terminated employees may have other entitlements, such as unused vacation days or outstanding bonuses, which should be addressed during the termination process. These may include health insurance, retirement plans, housing allowances, and other non-monetary incentives. How to Use an Employer of Record (EOR) in Bermuda?
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JANUARY 25, 2024
Employers should be aware of any incentives, training programs, or policies that could impact hiring decisions. The corporate tax rate may vary, and there may be special rates or incentives for certain industries or activities. This includes a range of incentives such as tax breaks and streamlined processes for setting up businesses.
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DECEMBER 15, 2023
Bonuses and Benefits: Employers often provide bonuses and benefits to employees. Overtime is usually compensated at a higher rate, providing financial incentives for employees who exceed the standard working hours. These may include health insurance, meal allowances, transportation benefits, and bonuses.
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FEBRUARY 9, 2024
Bonuses and Benefits: Employers may offer additional benefits and bonuses to their employees, such as performance bonuses, meal vouchers, transportation subsidies, and contributions to retirement savings plans. Employers should stay informed about any available incentives that could benefit their business and employees.
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