Hiring risks overseas: How a PEO can help

Access to global talent and potential cost savings means more and more businesses of all sizes are hiring internationally. However, venturing overseas to meet talent needs comes with a unique set of challenges and potential pitfalls. The process can be risky owing to regulations, culture, politics, or mismanagement issues. A reliable workforce partner by your side, like a global professional employer organization (PEO) can minimize the risks of hiring overseas. Let’s explore some of the risks.

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How PEOs Manage Global Employment Law

Global business operations come with their fair share of challenges. They need to manage the daily tasks of employees, attract and retain new customer bases, manage HR, and adapt to local cultures. Doing those tasks in-house can quickly become a burden as you expand into new markets. That’s why many businesses choose to partner with a professional employer organization (PEO) to help them manage global employment laws. A PEO establishes its own entities around the world, then leases employees to your business. This means the PEO is accountable to all compliance requirements, which means your business doesn't assume any risk.

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7 Steps to Expanding a Business Internationally

Expanding business internationally is a strategic decision to unlock a world of opportunity for growth and success. As businesses consider entering new markets, they will need to prepare for the complexities of global operations. This is an essential part of evolving and innovating the long-term development of a brand. When companies decide to go global, it offers new customers or talent, increased market share and revenue, and diversification. Although the process of expansion might feel overwhelming, you can break it down into manageable steps for strategic operations. We've outlined the six steps to expanding business internationally to help you get started.

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Global Hiring Options for Growing Companies

Many businesses go global to access greater talent pools, reach new markets, and diversify their teams for better business continuity. With that being said, we’ve listed out the top 15 countries by GDP in 2020.

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Choosing a Global PEO Provider

As global economies blend together and trade markets develop, there will new opportunities for U.S. companies to expand into new foreign markets and hire international talent. A global PEO provider removes the traditional barriers to hiring talent in other countries.

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Choosing Between a Global PEO or Legal Entity

A critical component of building a workforce for your global expansion is maintaining compliance with the HR regulations and requirements of your target countries. The two main ways for hiring in a foreign country are through a global PEO or directly through a legal entity of your own. We’ll walk you through what you need to know about both options so you can make the right choice for your business.

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Hiring International Faculty for Universities

Many universities often struggle to maintain compliance with their globally dispersed faculty members. With the increasing prevalence of remote work, universities are recruiting skilled professors overseas. In some cases, these individuals face delays in relocating to the United States or have no plans to move at all. This presents a unique hurdle for many universities, but Professional Employer Organizations (PEO) offer a streamlined solution.

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Top 5 Countries with the Most Skilled Workers in 2021

The reality is that countries themselves have different policies that affect how easy it is to attract people, educate and professionally develop them, and retain the best workers – and these factors can either empower or undermine talent recruitment efforts.

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