Remove 2021 Remove Global Hiring Remove Regulations
article thumbnail

Hiring Employees in China: 3 Options for Global Employers

Velocity Global

However, hiring employees in China poses many challenges for foreign companies. Some companies may decide to initiate their global hiring efforts by engaging contractors instead of hiring employees. However, according to employment law in China, it is illegal for foreign companies to hire contractors directly.

Payroll 98
article thumbnail

HR Outsourcing Service Providers Rising to Meet New Demands for Digital Transformation

Avasant

This has led to a seven percent growth in HR outsourcing adoption between June 2020 and June 2021. These trends, and others, are covered in our new Global Hire-to-Retire Business Process Transformation 2021-22 RadarView. Platform adoption continues to be a key component in HR outsourcing deals.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stay Flexible: How to Hire Globally in a Post-Pandemic World

Velocity Global

Then, economic growth can resume and HR departments can return to their strategic plans, including global hiring. Growth strategies must now include safety protocols, real-time local knowledge, and contingency plans that account for immediate global shutdowns. As a result, businesses’ global hiring plans need to stay flexible.

article thumbnail

IR35 Legislation: How It Works + Compliance Checklist

Velocity Global

Because of this liability, it’s crucial for employers who hire independent contractors or sole proprietors in the UK to understand the legislation and its organizational impacts. This guide will help you understand what IR35 legislation is, whether it applies to you, and how you can ensure global compliance with the newest regulations.

Payroll 52
article thumbnail

Benefits and Challenges of Expanding to Hong Kong

Globalization Partners

The Heritage Foundation’s Index of Economic Freedom cited Hong Kong as the world’s freest economy for more than two decades until replacing it with Singapore in 2020 and 2021. Unfamiliar regulations. You’ll also need to know the regulations that govern establishing and running your business.

Banking 52
article thumbnail

3 Mistakes to Avoid When Hiring Tech Talent in India

Globalization Partners

In fact, in FY 2021-2022, India received its highest annual foreign direct investment (FDI) inflow of USD 83.57 In fact, according to the country’s regulations, up to half of the total salary package can be made up of additions to the base pay. The Valmiki Jayanti is observed in both locations, but not in Mumbai.

article thumbnail

Why the UK is Dominating Europe’s Fintech Market

Globalization Partners

What are the regulations for fintech? While this was the “Big Bang” moment for fintech, it evolved quickly in Europe due to supportive regulators recognizing its potential and impact early on and creating policies and frameworks to encourage its growth. Will a global recession bring down fintech?