As a practice, global hiring isn’t exactly new. Organizations are accustomed to looking worldwide for talent that fits their current openings. However, the accelerated pace of globalization has made it more common than ever.
While global and remote work was once considered a nice-to-have feature, prospective employees now prioritize it as they look for a new employer. Allowing these opportunities can help you attract a greater range of qualified applicants, but managing those logistics isn’t always easy.
From complying with local labor laws to managing administrative efforts like payroll, a global employment organization (GEO) can help you take care of every detail. Today, we’re sharing seven benefits you can expect when you work with one.
1. Access Diverse Talent
It can be hard to find experienced prospects when your search is limited to your local geographic area. A GEO will have a much wider reach and can help you grow your presence in the worldwide talent market. Some of the services that you can expect from a company like Bradford Jacobs include:
- Employer branding
- Talent pool marketing
- Talent acquisition marketing
Not only can these steps help you build your brand, but they’ll also help you catch the eye of the best, most qualified experts in your industry. Often, this means moving beyond traditional job search channels and embracing new platforms, including social media.
For recruiters, one of the biggest benefits is the ability to place a candidate in another country quickly, easily, and at an affordable cost to your client.
2. Expand Your Operations
Are you thinking about expanding your geographic footprint? Whether you want to open one or a dozen new offices, you need the right team by your side. Global employment organizations help businesses employ staff internationally, no matter where they want to set up shop.
With their support, you can spread your global remote work team across the world. This gives you direct access to many different customers, stakeholders, and partners you would not have had the opportunity to reach otherwise.
A GEO will help you to hire and onboard anyone, and allow them to work in any country you require. You can even move your entire team or a full department to another country.
3. Simplify Global Setup
When you work with a GEO, you don’t have to set up local incorporation in the country of your choice, which can be an expensive, complicated, and time-consuming process. You also don’t have to worry about creating any kind of subsidiary or entity in a foreign country.
Not only does this save you a headache and a ton of stress, but it can also help you conserve your finances. Hiring a GEO makes it possible for you to globalize your company even if you don’t have the time, budget, or workforce required to establish a legal entity elsewhere.
4. Ensure Local Compliance
Any time you establish a presence in a different country, you must make sure that you’re being fully compliant with that location’s local labor laws. These can be dense and hard to understand, especially in a region that does not speak your home language.
This is another reason why it’s smart to work with a GEO. When you go this route, you can rest assured that every step will comply with local rules, including tax laws and visa regulations. The GEO would become the employee’s Employer of Record and would take care of those compliance measures, including:
- Employee payroll
- Payroll taxes
- Benefits administration
This way, you’re free to focus on setting and achieving your international business goals, without the need to get involved in the tedious, day-to-day work required to stay compliant with local laws and processes.
5. Facilitate Contractor Management
When you’re ready to turn your current contractors into full-time international employees, this process isn’t always easy or straightforward. Again, there are compliance steps you’ll need to follow, and one mistake could lead to further delays or complications.
A GEO will ensure the transition process occurs quickly and seamlessly. This helps prevent administrative setbacks and protects against costly downtime.
6. Test New Markets
Are you wondering how your products or services would sell in a foreign country? Before you invest in the work required to move your operations into a new location, you can work with a GEO to test the market out first.
Traditionally, this process would have taken months to complete, but it’s much quicker this way. You can deploy small or large teams to the region depending on your needs, and start gathering feedback almost immediately.
7. Work With One Globalization Expert
If you wanted to expand your operations into a global market without the assistance of a GEO, you would need to hire a bevy of professionals to assist in the process. This may include, but is not limited to:
- Visa experts
- Contract experts
A GEO team essentially replaces all of these, so you only need to work with one point of contact. This simplifies the process, makes communication much easier, and saves you a significant amount of money in the long run.
Work With a Global Employment Organization You Can Trust
Now is a great time to start thinking about globalization. Companies are looking beyond their borders in an effort to attract, recruit, and hire some of the best talent in the world.
While you could handle the logistics on your own, it’s smart to outsource the work to a global employment organization. This group can take care of all of the necessary, behind-the-scenes legwork so you can focus on achieving the goals you’ve set for your company.
From business consulting and employer branding to payroll outsourcing and new hire integration, we do it all. Contact us today to learn more!