Businesses exploring dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636055″ data-dropdown-placement-param=”top”>Employer of Record (
These companies take on many of the key administrative functions of a business such as payroll, dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636059″ data-dropdown-placement-param=”top”>human resource functions. dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636083″ data-dropdown-placement-param=”top”>global businesses, and can remove many of the barriers to agility that large organizations often find when operating in multiple territories.
It’s important to understand the difference between a PEO and an dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636061″ data-dropdown-placement-param=”top”>EORs are more common and fulfill a much more comprehensive role, becoming the legal employer of workers and taking on compliance responsibilities, too.
The local advantages you can gain with a dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636056″ data-dropdown-placement-param=”top”>global PEO or an dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636084″ data-dropdown-placement-param=”top”>Hiring employees internationally can be a long, drawn-out affair: indeed, it can often take as much as three months to jump through all the administrative hoops. A dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636107″ data-dropdown-placement-param=”top”>compliance issues like tax, social security, dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636061″ data-dropdown-placement-param=”top”>EOR will go further and actually employ your remote workers themselves, and then lease them to you, simplifying the running and dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636063″ data-dropdown-placement-param=”top”>new markets
When expanding into a dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636092″ data-dropdown-placement-param=”top”>time-consuming task as it needs to consider personnel management, payroll administration, training and other duties. However, a dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636056″ data-dropdown-placement-param=”top”>global PEO makes it much easier to attract the most talented employees available in a new territory. A good dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636097″ data-dropdown-placement-param=”top”>cost-effective, while still ensuring full compliance.
Larger knowledge base
When new expertise is brought into an organization from a new territory, the whole business can benefit from extra knowledge and a fresh perspective. New methods of working can also be explored, and opportunities can be opened up to improve operations and practices in every department worldwide.
Better brand recognition
One of the knock-on benefits of easy dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636056″ data-dropdown-placement-param=”top”>global PEO right for me?
A dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636056″ data-dropdown-placement-param=”top”>global PEO has the right security controls in place regarding HR and payroll data, and that what a PEO will or won’t do can vary substantially from country to country.
Notwithstanding those considerations, a dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636068″ data-dropdown-placement-param=”top”>international expansion right, attract talented staff, reduce admin burden and stay compliant throughout.
Explore the finer detail of dropdown#toggle show.dropdown->editor#highlightActiveTerm hide.dropdown->editor#clearActiveTerm” data-dropdown-target-param=”#dropdown_term_232636055″ data-dropdown-placement-param=”top”>Employers of Record, and how best to make use of their services, in our free report here.