(MENAFN- News Direct) DENVER | January 25, 2023 07:01 AM Mountain Standard Time
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velocity global , the leading provider of global talent solutions, today announced the launch of their Global Equity Program, providing customers with a compliant, locally tailored way to issue a variety of competitive and comprehensive award packages worldwide.As the prevalence of distributed (including remote) workforces has increased, so has the demand for meaningful ways to compensate internationally based teams. That has had significant implications for attracting, hiring and retaining top talent - as country regulations, international tax laws, and other local complexities have made it difficult for companies to issue equity in an easy and compliant way. With Velocity Global's Employee of Record (EoR) solution, customers can issue grants transparently and easily to teams located across nearly three dozen countries and counting, ensuring they receive accurate pay and tax reporting.
“When you give talent access to equity, you are conveying a key message that everyone is deserving of the same opportunities and investments regardless of where they land on the map,” said Jim Birch, Vice President of Global Payroll and Product Strategy.“The launch of our global equity programs further solidifies Velocity Global's dedication to a people first approach and provides an invaluable benefit to better the employee experience, increase employee retention, and drive an overall positive impact on company culture and DE&I.”
Providing equity to a distributed, international workforce can be complex and intimidating because regulatory frameworks vary from country to country. Velocity Global makes it easy for employers and talent to compliantly provide and receive equity by partnering with leading international legal firms to offer a unique streamlined experience that includes:
Comprehensive Service: Velocity Global handles everything from assisting with withholding rates, payroll processing, supplemental reporting, plan registrations, and more.
Worldwide Compliance: Velocity Global internal experts work closely with internationally renowned consultants to ensure equity awards meet local requirements.
Versatile Awards: Velocity Global makes it easy to issue a variety of award types including stock options, stock appreciation rights, restricted stock units, and phantom awards.
Fast, Expert Support: comprehensive resource center and dedicated equity compensation team for answers to every question about global equity.
Velocity Global will be sharing insight and expertise as the first EoR to speak at the global equity organization (GEO) event, the world's leading non-profit focused on promoting share ownership for the benefit of all employees, companies and communities.
For more information on Velocity Global's Equity Program, click here .
About Velocity Global
Velocity Global helps you compliantly hire, pay, and manage anyone, anywhere. We simplify the employer and talent experience-combining cloud-based technology and unmatched human support in 185+ countries. Start hiring across borders at velocityglobal.com .
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