Looking for a timely entry into a foreign market while ensuring high operational efficiency at low costs? One of the key strategies of overseas expansion is to work with the right partners. You can leverage on the local infrastructure and HR expertise of the Global EOR in areas outside your scope and knowledge.
What do Global EOR services entail?
A Global EOR has the proper infrastructure and resources available to employ and pay local workers. This ensures that all your compliance, tax, HR and the associated administrative needs will be fulfilled according to local laws with high operational efficiency. These are some segments that a Global EOR can perform on your behalf:
Onboarding for employees
Manage human resource related tasks (Dispute resolution, payroll, employee benefits, etc.)
Ensure labour law compliance
Why are organizations engaging with Global EOR services?
Partnering with a Global EOR essentially means that the EOR will be the one managing your offshore team while ensuring compliance with the local payroll regulations and tax laws. This eases the resources, time, and effort you spend on administrative, and HR activities, allowing you to focus on your business and profit generating activities.
Apart from that, here are a few other reasons why organizations are engaging with Global EOR services:
To outsource their HR functions due to resource constraints, or for the in-house team to focus on other strategic HR planning functions.
Leverage on the EOR’s knowledge, connections, and local expertise to grasp a better understanding of the local workforce requirements and labour regulations.
Start-ups and SMEs lack the resources and may not choose to risk investing in a subsidiary or building an entity from scratch in a new country with unascertained probabilities of success.
Obtain assistance with time critical market entry into new environments.
Keep costs low when testing new markets.
Manage a transitioning workforce from an organization’s merger and acquisition activity.
Find out more about partnering with a Global EOR!
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