article thumbnail

Employer of Record: A Guide to Global Expansion

Global Expansion

Global expansion can present a number of challenges, such as entering unknown markets and achieving compliance. However, businesses can significantly mitigate these risks by working with an Employer of Record (EOR). For example, tech giant Apple increased its worldwide revenue from $274.52 billion in 2020 to $394.33

article thumbnail

Employer of Record or Global Relocation: Which is Best?

Global Expansion

The other option is to find and recruit talent in the new destination using an Employer of Record (EOR) solution. For example, the cost of directly hiring employees in a new country can be lower when a business has an established entity from which to hire. Using an Employer of Record instead of Global Relocation.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Benefits & Challenges of Using Global Employer of Record (EOR)

Recruiters Lineup

To overcome these challenges, many companies are turning to Global Employer of Record (EOR) services. What is Global Employer of Record (EOR)? Global Employer of Record (EOR) is a service that allows companies to hire and manage employees in different countries without having to set up a legal entity in each location.

article thumbnail

Exclusive: Remote seeks to deepen foothold in US market with expansion

HR Brew

Remote, a platform that helps employers manage global workforces, first gained prominence during the Covid-19 pandemic as an employer of record (EOR) service. Examples include payroll, benefits administration, and managing state-level compliance (e.g., US expansion. One-stop shop.

article thumbnail

Navigating International Relocation and Global Talent Pool

Engagedly

Learning compliance and regulations associated with the international payroll system and building global teams can be complex and time-intensive. For example, someone in the US might apply for a project manager role based in the UK. Compliance with Local Laws Different locations will have varying regulations regarding employment.

article thumbnail

Guide to Hiring Employees in Botswana

Recruiters Lineup

The key legislative framework governing employment in the country includes the Employment Act, the Trade Unions and Employers’ Organizations Act, and the Public Service Act. Adhering to these laws is vital to ensure compliance and avoid legal complications.

article thumbnail

Building An HR Department: A Step-By-Step Guide

HR Tech Girl

Building an human resources department encompasses hiring for various key roles covering hiring, compliance, compensation management, and administration. HR departments have five principal functions: meeting staffing needs, employee compensation, employee benefits, performance assessment and appraisal, and law compliance.