Monday, May 16, 2022

No products in the cart.

  • About
    • Contributors
    • Disclaimers
    • Terms & Conditions
    • Giving back
    • Mission Statement
    • Past Issues
    • Where to Find
    • Call us at 613-935-3763
  • Advertise with us!
COVID-19 Response Framework: STEP THREE OF REOPENING

Get the Seeker Delivered straight to your door, click here
  • Home
  • News
  • Leisure & Lifestyle
  • Columns
  • LTE
  • Events
  • Contributors
No Result
View All Result
No Result
View All Result
The Seeker Newsmagazine Cornwall

Different Ways To Pay Your Remote Employees

Editorial Board by Editorial Board
November 19, 2019
in You May Also Like
Reading Time: 3 mins read
23 2
25
SHARES
167
VIEWS

Truth be told, we’re currently living in an era of unprecedented opportunities to not just survive, but also adapt and thrive in any environment. With the utmost ease, you could order the meals you’ll eat or the clothes you’ll wear and literally have life pop up a notification on your phone, reminding you of the countless possibilities you’re missing out on. 

This newfound way of life, though convenient, can prove to be risky business when integrated in your livelihood. That is when you’re working remotely and expecting to get paid by your employer who’s tens of thousands of miles away. Worst yet, when you’re an employer and wish to pay your employees in a secure way to ensure the continuance of your business. In both cases, the slightest error could result in catastrophic results. That’s why you must be keen to know some of the ways you could pay/get paid money remotely.

You might also like

Enjoying Leisure Time on a Yacht: A Full Guide on Doing it Properly

6 Advertising Tips That Will Help You Grow Your Business

How To Keep Your House Free Of Unwanted Bugs And Pests

Independent Contractor vs. Employee

When it comes to payments sent to a person for a job they’ve done remotely, there are a couple of things to consider before landing at a way of money transfer. In most cases, if the payment was for a one-time gig, or a seasonal project, the process of transferring would prove to be easier than with an employee’s payroll, for freelancers and independent contractors come with the advantage of receiving more or less a one-time payment. With one-time payments, you don’t need to file for any other documents you might need for taxes and other bureaucratic nuances. 

On the other hand, in the employee’s case, you must consider setting up a payroll account handled by your accounting department or an outsourced company. By doing that, you will guarantee the continued smooth sending of salaries in a timely and convenient approach.

Transaction and Exchange Rates

With international payments, one of the hassles faced is the never ending flow of decimal points and algebraic operations. Say you’re transferring money from the US to some Asian country, you have two possible scenarios. The recipient will be able to receive the money in either their currency or USD. In the latter, many platforms provide simple steps to quote you how much it will cost you to transfer the money. Knightsbridge Currency Exchange can quote you on transactions as low as $2000, and with over 2BN dollars successful transactions, you’ve provided an unquestionable sense of safety. What’s good about such a platform is how easy it is to use. You first set up a free account, get a free currency exchange quote, and send the funds through an online banking, bill payment or bank transfer to the account service, and lastly the platform converts your funds at the agreed-upon rate and send the converted funds to the destination you have chosen. 

As more and more people start having their livelihoods dependent on financial transactions, we find ourselves face to face with a sense of fragility. Whether you choose to have your money wired through the mail, assigning payments to a local partner, or online transactions, one thing is certain: no more can we perceive the world as a place divided by borders or culture, but as an inexhaustible cascade of opportunities. 

 

Author

  • Editorial Board

    View all posts

Next Post

Tips & Tricks To Upgrade Your Car on a Budget

Place YOUR ad here now
Facebook Twitter Instagram Youtube TikTok

Don't miss anything!

Get notified of all our new news by ringing the bell at the bottom right corner!

The Seeker Newspaper is located at 327 Second Street E., Cornwall, ON K6H 1Y8 -- All rights reserved
The Seeker does not accept responsibility for errors, misprints or inaccuracies published within. The opinions and statements of our columnists are not to be presumed as the statements and opinions of The Seeker, and should not substitute professional or medical advice.
ISSN 2562-1750 (Print)

ISSN 2562-1769 (Online)
No Result
View All Result
  • Home
  • News
  • Leisure & Lifestyle
  • Columns
  • LTE
  • Events
  • Contributors

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
X
X