Why is FX exposure important when paying your remote workers and how to offset the risk?

Currency fluctuations can cause financial risks to companies, and they have three options to mitigate the risks: paying in the company's own currency, using forward contracts, or using the Forex market to hedge the risks. Companies should consider hiring a professional FX trader to help manage the risks and ensure financial stability.

Konstantin Rabin.

March 23, 2023

4

min read

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March 23, 2023

Employee Management

The Top Employee Benefits Trends to Watch in 2023

Companies should prioritize creating a strong customer experience by focusing on providing high-quality customer service, building a customer-centric culture, and leveraging technology to streamline customer interactions. By doing so, companies can improve customer satisfaction, loyalty, and ultimately drive revenue growth.

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March 23, 2023

Employee Management

4 Ways You Can Invest in Your Employees

Employers can invest in their employees by promoting internal mobility, upskilling opportunities, mentorship programs, and valuing mental health. These strategies can increase engagement and retention, but require time and resources. Workpay can assist with financial and management solutions.

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March 16, 2023

Global Payment and Compliance

The Benefits of Using an EOR Service for Hiring and Managing Staff in Africa

Remote work is on the rise and Africa is a continent where people are most willing to work remotely. However, legally hiring workers in Africa without a local entity is challenging. One solution is to use an Employer of Record (EOR) service, which handles employment contracts, tax treatment, and other legal duties on behalf of the hiring company.

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March 14, 2023

Global Payment and Compliance

Navigating the Business Landscape of Mauritius

Discover the benefits and opportunities of doing business in Mauritius, a rapidly growing business hub in the Indian Ocean. From its strategic location to its business-friendly policies, find out why Mauritius is the ideal destination for companies seeking to expand globally.

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March 9, 2023

Tips and Tricks

7 Tips and Ideas for Women's Day Gifts

International Women's Day is quickly approaching and it is a great chance to express your gratitude to the women in your life. What are you doing for that special woman this Women’s day? Enjoy these seven useful tips and ideas for Women's Day gifts to help celebrate the special women in their lives in a meaningful and unique way.

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March 16, 2023

HRM and Payroll Software

How Big Data and Analytics Is Transforming Human Resources in the 21st Century

Big Data Analytics is transforming human resources by streamlining the hiring process, forecasting future workforce demands, and improving employee engagement. HR teams in every organization can benefit from utilizing Big Data Analytics to manage people effectively and overcome business complexities while reducing attrition rates and enabling effective upskilling of employees.

Harikrishna Kundariya

March 3, 2023

5

min read

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March 3, 2023

Employee Management

Insuring Office Assets In The Era Of Remote Work

With most companies’ shift to remote work, concerns about insuring office assets in this new environment have come up. Understand the importance of insuring office assets, the challenges of doing so in a remote work environment, and practical tips for protecting company assets.

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March 1, 2023

Employee Management

EWA 101: How This Game-Changing Benefit Works

Earned Wage Access (EWA) allows employees to access their earned wages at any time before their regular payday and can be a more flexible and cost-effective option than payday loans or salary advances. It is a benefit that help employers boost their employees' wellness as well as a great financial management tool!

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February 23, 2023

HRM and Payroll Software

Corporate Social Responsibility Ideas for Startups

Startups do not need a huge budget to implement CSR programs. These play a significant role in attracting better opportunities from both customers and investors. CSR program and activities helps startups to establish practices that engage and positively impact their stakeholders, society, and the environment.

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February 21, 2023

Remote Teams

Hire Remote Employees or Contractors in Malawi

Understand how employers can hire remote employees and contractors in Malawi while adhering to compliance requirements. Dig into the practical tips on how to establish a compliant and successful remote workforce, including working with local legal experts and EOR providers, setting up a proper payment structure, and ensuring adherence to local tax laws.

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February 16, 2023

Tips and Tricks

Employer Branding: Its Importance in Attracting Talent

To attract top talent, employers must establish credibility and reliability. The best hires offer valuable skills and work ethic, so employers need to position their business as the best workplace in terms of stability and legitimacy. Without this, top employees may leave for better opportunities at established businesses.

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February 16, 2023

Workpay for Teams

Why is FX exposure important when paying your remote workers and how to offset the risk?

The Top Employee Benefits Trends to Watch in 2023

4 Ways You Can Invest in Your Employees

The Benefits of Using an EOR Service for Hiring and Managing Staff in Africa

Navigating the Business Landscape of Mauritius

7 Tips and Ideas for Women's Day Gifts

How Big Data and Analytics Is Transforming Human Resources in the 21st Century

Insuring Office Assets In The Era Of Remote Work

EWA 101: How This Game-Changing Benefit Works

Corporate Social Responsibility Ideas for Startups

Hire Remote Employees or Contractors in Malawi

Employer Branding: Its Importance in Attracting Talent

Why is FX exposure important when paying your remote workers and how to offset the risk?

How Big Data and Analytics Is Transforming Human Resources in the 21st Century

Insuring Office Assets In The Era Of Remote Work

EWA 101: How This Game-Changing Benefit Works

Corporate Social Responsibility Ideas for Startups

Hire Remote Employees or Contractors in Malawi

Employer Branding: Its Importance in Attracting Talent

How Big Data and Analytics Is Transforming Human Resources in the 21st Century

Corporate Social Responsibility Ideas for Startups

Data-Driven Recruitment: How Analytics Can Help Manage Employees Right

The Benefits of Using an EOR Service for Hiring and Managing Staff in Africa

Navigating the Business Landscape of Mauritius

New NSSF Rates 2023 Take Effect this Month!

Time And Attendance: Automating The Process

Track Your Employees' Time Accurately

Tracking Employee's Time and Attendance

The Top Employee Benefits Trends to Watch in 2023

4 Ways You Can Invest in Your Employees

Insuring Office Assets In The Era Of Remote Work

Why is FX exposure important when paying your remote workers and how to offset the risk?

Hire Remote Employees or Contractors in Malawi

Hire Remote Employees and Contractors in Burkina Faso

A Pinch Of Beautiful 😍: Workpay At Africa's Largest Tech Summit

Your Employees Can Now Access Their Salaries Any Day. 🥰 We are Making Any Day a Payday.

A Fresh New User Interface

7 Tips and Ideas for Women's Day Gifts

Employer Branding: Its Importance in Attracting Talent

The HELB Process Is Simple. Curious? Read On

Our Stories

Covid-19 Pandemic: Contractual and Labour Laws (Part 1)

Your Employees Can Now Access Their Salaries Any Day. 🥰 We are Making Any Day a Payday.