Paying remote employees is a stumbling block for many businesses. The issues include maintaining an efficient payroll system, calculating payroll based on individual circumstances, considering job specific agreements, and complying with state and national requirements. This complexity is challenging for remote employers hiring in one country. Paying employees across countries requires an even more complex payroll system.
13th and 14th month pay is the payment of an additional month’s salary, a form of compensation, in the financial year. It is a common employment standard around the globe, though how it works depends on the employment law of a country. If your company is employing globally, you will need to understand the ins and outs of this practice.