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What is the difference between statutory and non-statutory

Statutory benefits are benefits mandated by law and provided to eligible employees by their employers.These benefits are typically related to employment and are designed to protect employees and ensure they receive certain … See more

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URL: https://www.skuad.io/blog/what-is-the-difference-between-statutory-and-non-statutory-benefits

Contingent Workers vs. Contractors vs. Core Employees Skuad

WebAn individual who works for a company on a ‘condition’ but is not officially appointed as an employee is known as a contingent worker. These workers may offer …

Category:  Health Go Health

What is a leased employee

WebA leased employee, often called a “temporary employee,” is an individual who works for a company but is formally hired by a separate entity, typically a staffing …

Category:  Health Go Health

Everything to know about labor and employment laws in the US

WebAnti-discrimination Laws. The United States law postulates that it is an illegal action to discriminate against an employee based on their race, sexual orientation, religion, …

Category:  Health Go Health

Everything you must know about independent contractor …

WebSkuad is a reputed EOR (employer of record) platform that lets you hire, onboard, and pay independent contractors or employees in more than 160 countries and …

Category:  Health Go Health

Everything you need to know about being a 1099 Employee Skuad

Web1099: Being a 1099 employee offers more flexibility and control over your work, the possibility of higher earnings, and potential tax deductions for business expenses. …

Category:  Health Go Health

How to switch from 1099 to W-2 Skuad

Web6. Social and Collaborative Work Environment. Being a W-2 employee often means being part of a larger team. This collaboration can foster innovation, creativity, and professional …

Category:  Health Go Health

The Advantages and Disadvantages of Hiring Contingent Workers

WebIn addition, contingent workers are only entitled to some of the same benefits that permanent employees enjoy. You will also save considerably without the obligation to …

Category:  Health Go Health

An overview of countries that offer free healthcare

WebAll but 43 countries in the world have free healthcare or access to universal healthcare for at least 90% of their citizens according to Hudson’s Global Residence Index. However, …

Category:  Health Go Health

Sample Letter of Agreement: Employment Terms and Conditions

WebTo write a letter of agreement between an employer and employee, start by clearly stating the terms and conditions of employment, including job responsibilities, compensation, …

Category:  Health Go Health

The Myanmar Guide: Employment Laws, Taxes, And Benefits

WebMinimum Wage: Minimum wage is MMK 4800 per day for all organizations. The minimum wage is to be revised every two years. Working Hours: 48 hours/week or 8 hours/day …

Category:  Health Go Health

Understanding labor and employment laws in Brazil Skuad

WebA key aspect of Brazil's employment law is the provision of a national minimum wage. This is periodically revised by the government, considering the cost of living, ensuring that the …

Category:  Health Go Health

Employer of Record (EOR) in Ecuador

WebThe Ecuador employment law mandates 13th- and 14th-month bonus payment as well. Also, employees are generally paid at least once a month, but usually twice a month. Common …

Category:  Health Go Health

Employee Benefits in India: Statutory Benefits & Perks

WebWhile the statutory benefits are mandatory, non-statutory benefits are perks or add-ons employers provide to retain and attract employees in India. The statutory benefits include …

Category:  Health Go Health

Indian Labour Laws

WebThis practice is known as Employee misclassification. This classification is to incorrectly and illegally label workers as independent contractors, whereas they are …

Category:  Health Go Health

Background check in Philippines Skuad

WebIn the Philippines, employers can conduct pre-employment background checks that typically include checking references, criminal records, and other documents relevant to the job …

Category:  Health Go Health

Everything you need to know about the employment laws in India

WebEmployees’ State Insurance (ESI) Act, 1948. The ESI act enforces employers to make a 4.75% contribution of the employee’s monthly salary and 1.75% of the employee’s …

Category:  Health Go Health

How to Hire Remote Employees in Ethiopia 2024 Guide

WebEthiopia’s currency Ethiopian Birr (ETB), is a non-convertible currency, and the National Bank of Ethiopia defines its allocation to foreign exchange. As per the current rate, 1,000 …

Category:  Health Go Health

Leave Policy in Kenya Employee Holiday Entitlement in Kenya

WebAnnual leave in Kenya. Kenyan employees are entitled to at least 21 days of paid leave per 12 months of employment. The length of the paid leave can be greater depending on …

Category:  Health Go Health

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