Velocity Global

NOVEMBER 29, 2022

Also regarded as a Foreign Enterprise Service Company (FESCO) in China, an EoR allows you to attract top talent in China and expedite the onboarding process without setting up a legal entity. Some companies may decide to initiate their global hiring efforts by engaging contractors instead of hiring employees.

Payroll 98

Payroll Out-Tasking Regulations Global Hiring 98

Global Expansion

NOVEMBER 17, 2022

Another 90% believe that a trusted global EOR performs better than a typical company in handling global payroll, tax obligations, and the complex legalities of global hiring. Here we take a deep dive into the many benefits of securing Employer of Record services.

Service 52

Service Global Hiring Payroll Finance 52

Globalization Partners

AUGUST 25, 2021

Countries with no prior entity set up face possible tax, benefit, and payroll challenges. TMS helps companies hire senior HR, global mobility, tax, and immigration talent across its global network of offices. Download our global hiring eBook today, or take a tour of our platform to explore its features and benefits.

Payroll 98

Payroll Flexibility Out-Tasking Global Hiring 98

Velocity Global

JUNE 28, 2022

Citizenship and Immigration Services and, in some cases, the Department of Labor. One major concern for companies expanding internationally is conducting payroll overseas. Incorrect payroll contributions or late payments lead to penalties and fines as well as reputation damage in the foreign market. In the U.S.,

Payroll 75

Payroll Regulations Global Hiring Research 75

Velocity Global

OCTOBER 6, 2021

For example, globalization gives companies the opportunity to explore tech talent in booming markets such as Berlin or Stockholm, rather than Silicon Valley. Again, International PEO allows companies to compliantly employ workers overseas, without having to establish a legal entity , making global hiring easier than ever.

Payroll 119

Payroll Jobbing Marketing Labor Costs 119

Globalization Partners

JUNE 7, 2022

For example, electronic giant Samsung recently rolled out a “service bonus,” a financial reward worth three months’ pay for employees that significantly contributed to the company’s sales growth in 2021. Could you elaborate a bit on what exactly a service bonus is? Also, I like this example, but it isn’t related to hiring per se.

Engineering 98

Engineering Payroll Government Software 98

Globalization Partners

OCTOBER 5, 2021

Contractors offer their services temporarily to various clients. They are not employees of the companies they work for, so they are not placed on companies’ payrolls and do not receive benefits. The umbrella company can help you legally hire contractors in another country. Disadvantages of umbrella companies.

Payroll 96

Payroll Government Design Out-Tasking 96

Velocity Global

APRIL 7, 2023

Additionally, an EoR takes on employer responsibilities such as onboarding, payroll, visa administration, and compliance with local employment and immigration laws, while you own management tasks like compensation, position duties, projects, and performance management.

Government 98

Government Global Hiring Payroll Administrative 98

Velocity Global

OCTOBER 26, 2020

International PEO (Professional Employer Organization), also known as an Employer of Record (EOR), provides companies with a quick and compliant hiring solution, virtually anywhere in the world. Global business leaders increasingly leverage International PEO as a proven, streamlined global hiring option. billion by 2024.

Global Hiring 52

Global Hiring Right-Sizing Regulations Payroll 52

Velocity Global

OCTOBER 28, 2022

IR35 legislation, also known as intermediaries’ legislation or “off-payroll working rules,” is designed to close the “deemed employment” tax loophole when firms hire contractors to fulfill the roles of employees. IR35 legislation is applicable when a contractor provides their services to a client through an intermediary.

Payroll 52

Payroll Regulations Right-Sizing Global Hiring 52

Velocity Global

FEBRUARY 3, 2022

For example, a fintech company looking for an alternative to London’s highly competitive hiring landscape can turn to an emerging market like Lithuania. Not every global hiring method offers time and costs savings compared to upskilling programs. It’s a full-service international expansion solution. trillion in revenue.

Global Hiring 52

Global Hiring Jobbing Out-Tasking Cybersecurity 52

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.

Global Hiring 52

Global Hiring Flexibility Payroll Out-Tasking 52

Velocity Global

APRIL 27, 2021

Challenge #4: Delivering International Payroll Services. Making errors when delivering payroll for international employees is all too easy for HR teams. Furthermore, HR leaders with teams in more than one market must spend extra time learning various payroll interfaces and meeting the requirements of multiple foreign banks. .

Payroll 52

Payroll Right-Sizing Jobbing Out-Tasking 52

NoonDalton

SEPTEMBER 20, 2023

As such, understanding the nuances and benefits of each workforce model—be it Staff Leasing, Managed Services, or EOR (Employer of Record)—becomes crucial. The employees technically remain under the agency’s payroll, but they work full-time for the leasing company, essentially becoming an extended part of the team.

Administrative 52

Administrative Out-Tasking Payroll Managed Services 52

Globalization Partners

NOVEMBER 17, 2023

Gartner®, Hype Cycle for HR Technology, 2023, Emi Chiba, July 21, 2023 At HR Tech in Las Vegas, G-P unveiled groundbreaking AI-enabled global growth technology, products, and advisory services that promise to revolutionize global expansion and hiring. and/or its affiliates in the U.S. All rights reserved.

Advisory 52

Advisory Data Entry Human Resources Regulations 52

Velocity Global

OCTOBER 26, 2020

International PEO (Professional Employer Organization), also known as an Employer of Record (EOR), provides companies with a quick and compliant hiring solution, virtually anywhere in the world. Global business leaders increasingly leverage International PEO as a proven, streamlined global hiring option. billion by 2024.

Cybersecurity 40

Cybersecurity Global Hiring Right-Sizing Regulations 40

Globalization Partners

OCTOBER 7, 2022

This reduced inward migration means industries like manufacturing, agriculture, service, and tech, which depend on international talent, are currently finding it difficult to grow or even sustain their operations. The post How Global Remote Hiring Addresses New Zealand Tech Talent Woes appeared first on G-P.

Payroll 52

Payroll Flexibility Global Hiring Manufacturing 52

Globalization Partners

AUGUST 15, 2022

Global hiring can be complex, especially if companies are unprepared. By using a global employment platform, they can easily access all the resources and expertise required to support their global growth. Some services might be cheaper, but a sub-par service during global expansion will be more expensive in the long run.

Payroll 40

Payroll Regulations Global Hiring Marketing 40

Globalization Partners

AUGUST 23, 2022

Compliance : Labor, tax, and payroll laws vary by country and are constantly evolving. While perhaps one of the standout benefits of supporting global employee relocation is that it helps retain your world-class talent, it is also a strategic way to test new international markets. Hire legal, tax, and finance experts in every country.

Regulations 52

Regulations Global Hiring Payroll Insurance 52

Velocity Global

MARCH 7, 2023

Global hiring and expansion present exciting business opportunities. company does not have to pay taxes to the Internal Revenue Service (IRS) because the IRS considers it a foreign company. An EoR is a third-party partner that serves as the legal employer of your global talent. For example, a foreign subsidiary of a U.S.

Government 52

Government Global Hiring Flexibility Payroll 52

Velocity Global

MARCH 30, 2020

For example, globalization gives companies the opportunity to explore tech talent in booming markets such as Berlin or Stockholm, rather than Silicon Valley. Again, International PEO allows companies to compliantly employ workers overseas, without having to establish a legal entity , making global hiring easier than ever.

Payroll 52

Payroll Jobbing Marketing Labor Costs 52

Globalization Partners

SEPTEMBER 30, 2022

Tech giant Apple made headlines when it announced that its female workers would be offered free egg freezing services as an additional perk. From sourcing to onboarding, Globalization Partners (G-P) delivers a supportive and connected experience for all by taking the pain out of managing global HR, payroll, benefits, and more.​

Insurance 52

Insurance Flexibility Jobbing Global Hiring 52

Velocity Global

APRIL 30, 2020

In late March, Singapore, the world’s top market for growing tech firms, according to Velocity Global’s 2020 Global Expansion Tech Index , closed its borders to tourists and short-term visitors. The country allows only essential services sectors to continue operations, such as healthcare workers or transportation personnel.

Government 40

Government Global Hiring Flexibility Payroll 40

Globalization Partners

JULY 5, 2022

Its top sectors are mining, agriculture, and services, and critical areas of potential growth include renewable energy, technologies, and health and aged care. Supplier refusal to provide your business with necessary goods or services is against the law under specific circumstances. Payroll tax. Fringe benefits tax. Stamp duty.

Redistribution 52

Redistribution Co-Sourcing Human Resources Banking 52

Globalization Partners

NOVEMBER 22, 2021

Though Hong Kong is small geographically compared with many of its Asian neighbors, it boasts thriving industries such as financial services, tourism, medicine, education, and creative industries. Additionally, Hong Kong-based service providers across dozens of industries receive preferential treatment in providing services to the mainland.

Banking 52

Banking Regulations Accounting Government 52

Safeguard Global

APRIL 24, 2023

Or your referral network could spotlight an ideal applicant Partner with a recruitment services provider – Leveraging the expertise and resources of a global recruitment firm will save you time and effort in the long run. With talent shortages across the world, global recruitment efforts may be the best solution.

Out-Tasking 40

Out-Tasking Global Recruiting Jobbing Global Hiring 40

Velocity Global

FEBRUARY 20, 2023

Employee cost comprises several factors, such as employee salary, payroll taxes, supplemental benefits, and other expenses like company retreats and overhead. The costs include gross salary, payroll taxes, and additional expenses like supplemental benefits. How Do You Calculate Employee Cost of Living?

Payroll 97

Payroll Insurance Right-Sizing Administrative 97

Globalization Partners

APRIL 28, 2022

Payroll taxes. When you hire employees, you add them to your company’s payroll. You issue their paychecks on a regular schedule through your payroll department. When you do, you withhold payroll taxes from their wages, so they receive a net pay that is less than their overall gross pay. Noncompete clause.

Payroll 95

Payroll Insurance Jobbing Out-Tasking 95

Globalization Partners

MAY 25, 2022

Some companies evade global employment payroll tax complexities by simply wiring money to their employees. If you want to be taken seriously by top global candidates and local governments, consider that payroll taxes include: Reporting and withholding income tax. Social services. Unemployment contributions.

Payroll 52

Payroll Out-Tasking Government Global Hiring 52

Velocity Global

NOVEMBER 12, 2020

Amazon offers a wide range of services, from online retail and digital streaming to artificial intelligence and cloud solutions. As a result of its varied offerings, the company must hire workers with highly specialized skill sets. Velocity Global helps companies of all sizes expand into over 185 countries worldwide.

Management 52

Management E-Commerce Retail Payroll 52

Velocity Global

JULY 17, 2020

While some nonprofits only need to operate on a local scale, other organizations want to expand their message and extend help globally. Taking a nonprofit into countries outside of your current service area requires thorough planning. Stay Flexible So You Can Easily Exit a Market If Necessary.

Regulations 52

Regulations Reduced Costs Flexibility Global Hiring 52

Globalization Partners

SEPTEMBER 28, 2021

For this reason, you’ll likely find consumers for your company’s products and services. In 2019, the goods and services trade across that border totaled about US$718.4 VAT rates, such as those for the goods and services tax (GST) and harmonized sales tax (HST) , vary significantly throughout Canada.

Regulations 98

Regulations Insurance Sales Marketing 98

Velocity Global

SEPTEMBER 10, 2020

An International PEO (Professional Employer Organization) solution employs your workers and handles all the country-specific nuances of legal employment: benefits, taxes, payroll, and statutory requirements. Want to find out how Velocity Global can help you ensure compliance for your workers, so you can continue to grow safely and securely?

Insurance 52

Insurance Payroll Out-Tasking Marketing 52

Globalization Partners

AUGUST 30, 2022

However, the continent doesn’t have a corresponding market for services, hindering the software industry. However, a successful talent acquisition strategy is needed to prevent tech companies from running into unnecessary roadblocks during the global hiring process. The EU has a common market for physical goods.

E-Commerce 52

E-Commerce Banking Payroll Insurance 52

Velocity Global

MARCH 31, 2021

Furthermore, Prime Minister Boris Johnson entrusted vaccine distribution to the state-funded National Health Service rather than individual contractors or private companies. Working with an International PEO (Professional Employer Organization) speeds up global hiring and entry into these markets.

Administrative 59

Administrative Healthcare Pharmaceuticals Government 59

Velocity Global

APRIL 5, 2023

Ongoing agent activity abroad directly linked to product and service sales, such as contract signing or negotiation, increases your permanent establishment risk. Velocity Global Is Ready to Help Velocity Global is an expert in international tax treaties and permanent establishment legislation in 185+ countries.

Global Hiring 98

Global Hiring Sales Payroll Marketing 98