GLOBAL EXPANSION EXPERTS
Global expansion is big step for any organisation. Though the opportunities that may come with expanding your business can be incredibly exciting, going it alone without the support of a International Professional Employer Organisation (PEO) like Bradford Jacobs can increase the cost, time, and risks involved.
New markets bring new challenges, involving the lengthy process of setting up your own legal entity or branch office abroad, and the ongoing setup and management of global employment processes like visa, payroll, tax, benefits, and more… 100% compliance at each step of this process requires extensive knowledge of a country’s laws, or you may be met with violation fines before you’re even seeing a return on your expansion investment. Partnering with Bradford Jacobs gives you true global mobility, as there’s no need to wait for legal entity setup to begin trading in a new market – you can utilise our existing entities all over the world, saving you time and money from the start. Not to mention that you’ll be safe in the knowledge that your expansion is 100% compliant, no matter which country you have your eye on. We’ll take responsibility for all the complicated local processes, navigating local laws, customs, and bureaucracy, while you focus on your global expansion strategy.
What are the benefits of International Business Expansion ?
When it comes to your Global expansion strategy, the reasons why you’re expanding are often just as important as how you’re expanding. Here’s a few benefits of expanding your business into new markets:
SATURATION IN LOCAL MARKETS:
If you’re already reaching the majority of your intended audience in your home country – or if there’s high competition from other companies selling a similar product or service – entering a new Global market helps you broaden your target audience
REDUCE RISK WITH DIVERSIFICATION:
By diversifying your audience across multiple countries, you reduce the risk of relying solely on the economic success and buying habits of one country’s domestic market. You’ll also have better insight into global trends, another skill that will strengthen your company for the future
TO EXTEND YOUR PRODUCT LIFE CYCLE:
By opening yourself up to a new market – and perhaps even updating your product or service based on previous experience – you’ll create brand-new revenue streams.
TO FIND GLOBAL EMPLOYEES OR SKILLS:
If you only ever hire the people nearest to you, you’re in danger of missing out on the desirable skillsets and mindsets of talent in another country., another skill that will strengthen your company for the future
Global Employee Recruitment during Global Expansion
Hiring overseas employees isn’t easy. With a complex combination of varying time-zones, languages, employment laws, and unique cultural practises, it can be different for a company to find the best talent to add value to their global expansion plans. Partnering with Global Expansion Experts like us for your global recruitment services, though, can reduce the cost, time, resources, and risks involved in the process, meaning you can be trading in a new marketplace in days, not months. Here’s how we support your global recruitment:
- Without the need to set up your own legal entity, you have the ability to enter new markets with ease and speed, reaching the best candidates before anyone else.
- We’ll provide local recruitment connections and cultural insights, giving you the strategic edge to draw in new talent.
- With our years of expertise in global marketplaces, we can guide your brand positioning during the talent acquisition phase to bring in the right people.
- Access to exclusive benefits packages at economies of scale can be used to attract and retain top Global talent.
Globally Expand without an Entity
Here’s the secret… With a PEO like Bradford Jacobs, you can completely skip the lengthy, costly process of setting up your own legal entity in order to begin hiring and trading in a new country. While companies without a PEO partner are tied up by all the red tape in the way of their expansion plans, you can benefit from true global mobility and test or establish a small base overnight without the headache of litigation.
PEO Streamlines Global Expansion
With a professional PEO and EOR like Bradford Jacobs, we take care of all of these concerns and risks, allowing you to immediately tap into the global talent pool and localise talent to your global expansion needs. From the first step in the journey, you will be able to utilise our existing entities, in-depth knowledge, and local connections around the globe, meaning we’ll be able to save you time, money, and resource at each stage of your Global expansion. And should you not see the ROI you were hoping for, you can be out of a country in days without being tied down – we’ll take care of everything.
Remote Workers and Global Expansion
Remote working has never been more relevant than it is right now, so Global remote working is the next natural step, especially if you have your eye on moving into new countries and markets. What stops a company from building their Global remote workforce?
- Lengthy, costly process of setting up a new legal entity
- Time needed to find a Global bank account, legal team, HR, and more.
- Not knowing where to start in global talent acquisition
- Knowledge required to set up Global employee payroll, tax, and visa.
- High levels of risk if the market is not seeing ROI, as you then must disband your entity and new team.
- Concerns around breaking local employee laws or regulations in unfamiliar territory