Velocity Global

NOVEMBER 29, 2022

Such incredible economic growth offers multiple benefits for business expansion into the Chinese market. However, hiring employees in China poses many challenges for foreign companies. This guide outlines everything you need to know about compliantly hiring employees in China and conducting business in this market.

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Velocity Global

OCTOBER 6, 2021

Even though globalization makes our lives better, it does bring some challenges as companies start to grow and expand across borders. Keep reading to learn more about the benefits and challenges of globalization, and how businesses navigate these difficulties to reach their global expansion goals. Access to New Markets.

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Velocity Global

JUNE 28, 2022

For companies expanding internationally, failing to adhere to local labor regulations may result in fines, tax penalties, and other legal issues that hinder business and productivity. Follow this useful guide to develop global compliance protocols in any country. Classify Your Workers Correctly. Understand International Labor Laws.

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Globalization Partners

AUGUST 25, 2021

Acquirement of talent that specializes in local business development to drive business on the ground in new markets. This involves a range of complex tasks, such as attaining all the legally required licensing according to local laws, establishing local payroll, and managing labour regulations and HR responsibilities.

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Globalization Partners

OCTOBER 4, 2021

Friendly relations and shared goals for innovation between Israel and Europe make Israeli-European partnerships productive and valuable for both parties and the global market. Market size: The sheer size of the European market also makes this continent a great choice for Israeli companies wanting to expand their reach.

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Velocity Global

SEPTEMBER 30, 2020

Many companies struggle to find talent in highly competitive domestic markets—especially talent with specialized skillsets. That’s why resourceful business leaders turn to international markets to fill roles. With talent at a premium in major international markets, leading companies look to lesser-known markets to hire.

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Velocity Global

OCTOBER 26, 2020

However, SaaS companies, specifically in the legal software industry, face unique challenges overseas—like legal and compliance hurdles, IP (intellectual property) protection, data storage laws, and market-specific employment laws. Easily exit any market, if needed, without additional teardown fees or time commitments. billion by 2024.

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Velocity Global

MAY 23, 2023

Developing a global presence is an excellent business tactic for companies of all sizes. Through global expansion, businesses can diversify their market, access a broader talent pool, and even cut business costs. While a global EOR is more accurate in terminology, global EOR and international PEO can be used interchangeably.

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Velocity Global

AUGUST 10, 2020

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.

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Globalization Partners

OCTOBER 24, 2022

Coinciding with the UK’s strong grip on the fintech sector, G-P’s research in 2022 identified that 1 in 3 companies are focusing their expansion efforts on the UK market. What are the regulations for fintech? There were essentially three outcomes for the fintech market due to the pandemic. That’s where G-P comes in.

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Avasant

FEBRUARY 3, 2022

The HR function is evolving to meet the challenges of the labor market, which is increasingly being disrupted by labor shortages, pressure on wages, and the changing expectation of employees working from home. These trends, and others, are covered in our new Global Hire-to-Retire Business Process Transformation 2021-22 RadarView.

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Velocity Global

AUGUST 19, 2020

Before expanding your business into new territories, you must consider how your business will maintain compliance in your target markets. The first step to compliance is establishing a legal presence in your new market. Establishing a subsidiary, a foreign branch, or using a Global Employer of Record are just a few options.

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Velocity Global

JULY 17, 2020

All of these factors mean that nonprofits need to plan a detailed global expansion strategy with special attention to how to save money, mitigate risk, and manage tax compliance abroad. As nonprofits start building their global expansion plans, several crucial factors they need to consider before hiring overseas include: 1.

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Velocity Global

OCTOBER 26, 2020

From hiring top talent and staying compliant with local regulations, to intellectual property (IP) protection and global mergers and acquisitions (M&A), international expansion is complicated and difficult to navigate on your own. Easily exit any market, if needed, without additional teardown fees or time commitments.

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Globalization Partners

AUGUST 23, 2022

To avoid any misunderstandings or issues in the long term, ensure your global mobility policy encompasses every aspect of employee relocation, from compensation for flights to compliance with international labor laws. A global mobility strategy should cover: Data privacy regulations. Keep up with changing in-country regulations.

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Globalization Partners

NOVEMBER 22, 2021

It scores high in several rankings of the best economies for business, offering the advantages that come from free trade, enviable market access, and a talented workforce. Hong Kong’s renowned free trade, free markets, and free enterprise present many growth and profit opportunities for businesses. Robust free markets.

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Globalization Partners

DECEMBER 21, 2022

The G-P leadership team weighs in on global hiring trends, HR tech and what’s important to employees in 2023. They provided insights on everything from employee culture to technology trends, to potential economic and market obstacles and of course their perspective on what next in terms of global hiring.

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Globalization Partners

MAY 18, 2023

However, like many effective business strategies, global recruitment is not immune to challenges, especially when it comes to compliance with country-specific employment laws. As your partner in global growth, we want to support you in achieving your recruitment goals while adhering to international regulations and standards.

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Globalization Partners

NOVEMBER 17, 2023

However, the journey towards global expansion has often been hindered by complex regulations, time-consuming processes, and compliance challenges. Enter G-P, the trailblazing leader in the global employment industry, transforming the way companies expand globally at a time of unprecedented change in the workforce.

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Velocity Global

AUGUST 21, 2020

Financial Crisis Inquiry Commission determined multiple causes for the Great Recession, including: A general lack of financial oversight by regulating bodies. IBM, for example, generated two-thirds of its total revenue through international markets at the time of the recession. An unchecked rise in unstable subprime mortgages.

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Globalization Partners

SEPTEMBER 14, 2023

However, accessing talent in India presents its own unique set of compliance obstacles and cultural considerations that may delay or ultimately hinder the hiring plans of international employers that approach the market without the right preparation and support. MISTAKE #2: Company Y did not have a streamlined hiring process.

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Globalization Partners

OCTOBER 7, 2022

percent , providing further evidence of a tight labor market. While this measure is promising for the country’s tech companies, it won’t be enough to provide an immediate solution to the pressures on the labor market created by the border restrictions, mass turnovers, and lockdowns of the Covid pandemic. The workplace is evolving.

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Globalization Partners

AUGUST 15, 2022

Global hiring can be complex, especially if companies are unprepared. Organizations need to comply with detailed legislation and learn the inner workings of international job markets. By using a global employment platform, they can easily access all the resources and expertise required to support their global growth.

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Velocity Global

MAY 19, 2023

However, recruiting challenges are inevitable for managers and HR teams when hiring across international borders. To gain a competitive edge in foreign markets and ensure seamless growth, companies must comply with local labor laws and consider cultural norms in every market where they hire talent.

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Velocity Global

APRIL 26, 2023

In the current talent market, attracting the best and retaining your competitive edge is becoming a more significant challenge every day—yet employers keep applying the same old tricks to maintain and expand their workforce. The post Benefits Packages: The Ace Up Your Sleeve for Hiring Talent appeared first on Velocity Global.

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Globalization Partners

AUGUST 30, 2022

For instance, Europe is home to only 13 percent of the world’s tech unicorns , which are startups that have a market valuation of over USD 1 billion. Before buckling to increased competition, the continent once led the mobile phone market through Finland’s Nokia and saw Estonia’s Skype dominate the video-messaging market.

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Velocity Global

MARCH 30, 2020

Even though globalization makes our lives better, it does bring some challenges as companies start to grow and expand across borders. Keep reading to learn more about the benefits and challenges of globalization, and how businesses navigate these difficulties to reach their global expansion goals. Access to New Markets.

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Payroll Jobbing Marketing Labor Costs 52

NoonDalton

SEPTEMBER 20, 2023

This model is especially beneficial for companies looking to hire internationally without setting up a legal entity in the hiring country. Pros of Using an EOR: Simplifies International Hiring Processes: Venturing into international markets often comes with a slew of complex employment regulations and requirements.

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Velocity Global

FEBRUARY 22, 2022

How Companies Can Benefit From a Global Hiring Funnel . Global hiring comes with many advantages , including more opportunities to hire diverse and new markets to grow into. So for those hiring abroad, a recruitment funnel is a necessity. But it also deepens your potential candidate pool.

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Globalization Partners

MAY 25, 2022

In China, the labor law states that an employment relationship exists if an individual is subject to a company’s rules and regulations, if the worker’s services are vital to the company, and if the company has a right to control the professional’s work. Navigate global tax laws with a global partner.

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Globalization Partners

JULY 5, 2022

Both complicated regulations and obscure tax processes can make navigating the waters of employment difficult for individuals unfamiliar with local laws. There’s also no minimum paid-in capital requirement, making it easy for any entrepreneur to enter the market. Partnerships: Two or more parties own and manage the company.

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Velocity Global

DECEMBER 16, 2022

For employers looking to hire talent, benefits play a significant role in today’s competitive global hiring landscape. Other challenges that come with offering supplemental benefits to a global workforce include: Complying with foreign benefits laws, managing various benefits costs, and keeping up with changing regulations.

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Velocity Global

MARCH 31, 2021

The UK quickly authorized multiple vaccines while EU regulators went through a longer approval process. How to Streamline Entry Into Prosperous Markets. While countries recover at different paces, opportunistic companies planning international growth set their sights on markets with favorable economic outlooks.

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Globalization Partners

APRIL 27, 2023

During their interactive talk on expanding businesses through global hiring, Suzanne McVey and David O’Reilly asked their audience what was the first thing that came to mind when considering international hiring. With this in mind, let’s take a closer look at the top five myths of global hiring.

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