In a nutshell, this is what you need to know: In general, we support the statutory benefits that are required by law in each local jurisdiction we operate in. As full employees through Remote's local entity, your employees are guaranteed the statutory benefits in their local jurisdiction. For any extra benefits beyond the statutory benefits, Remote can arrange what you need and advise on benefits and perks packages.
Wondering what countries we are available in? Visit: remote.com/country-explorer
- For employers
- What are statutory benefits?
- What statutory benefits are required in the location of my employees?
- Are there extra costs associated with statutory benefits?
- What more benefits/perks do you support?
- Can we offer stock options to an employee who is employed through Remote's Employer of Record (EOR) service under our stock option plan?
- How else can Remote support us when it comes to stock options?
- What regulatory requirements apply to stock options offered to an external employee?
- For employees
- Will I be covered by social security programs in my location?
What are statutory benefits?
Statutory benefits are those you are legally required to provide to employees. For example, many countries have legislation in place to ensure employers provide compensation for employees that are injured on the job. Sick leave and annual leave benefits are two other common statutory benefits mandated by national governments. Most often, contributions towards statutory benefits are made by employers as well as employees.
Remote takes care of everything related to the statutory benefits that are required by law for your employees through Remote.
What statutory benefits are required in the location of my employees?
Statutory benefits differ from country to country. Figuring out the specific statutory benefits required in different countries is a very complicated task. We handle this process for you, serving you with all of the relevant information you need to ensure local compliance whenever you employ through Remote.
Are there extra costs associated with statutory benefits?
Contributions towards statutory benefits are always included in the Total Cost of Employment (TCE) and we will never hide or surcharge any of this.
What more benefits/perks do you support?
We support following benefits/perks:
|Benefit or perk name||Availability||Costs|
Private health care insurance
Depends on country and coverage, charged on top
Pension scheme (depending on country)
Depends on country, charged on top if it's not statutory
Employee expenses and reimbursements
Custom benefits or perks available on request
Bonus and commissions
Monthly stipends and allowances
Can we offer stock options to an employee who is employed through Remote's Employer of Record (EOR) service under our stock option plan?
Yes, our clients are able to directly offer stock options to employees that are employed through Remote’s EOR service. They need to be offered as non-qualified stock options (NSOs), not incentive stock options (ISOs) because the employee is employed by Remote. In this case, the model for contractors or consultants can be utilized. As a consequence, the stock option cannot be linked to the employment of the external employee.
How else can Remote support us when it comes to stock options?
We can definitely support you by reviewing your stock option agreement for non-qualified stock options (NSOs) to see if the employee(s) would be eligible to receive the stock options and vest them.
What regulatory requirements apply to stock options offered to an external employee?
The country where the issuing company is incorporated governs how the stock options are handled.
Will I be covered by social security programs in my location?
Yes, as a full employee through Remote you will be covered by local social security programs. Remote's local entity contributes on your employer's behalf to local social security programs as well as other statutory requirements.
Want to learn more about employing with Remote? Speak to our team today: https://remote.com/contact-us