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The move comes as more companies look to hire overseas, according to its own 2024 Global Workforce Report , which found that 71% of employers have “recruited outside their national borders” in the last year. As an employer of record, we had to build the whole stack: payments, payroll, compliance, benefits, everything.
Common benefits include health insurance, retirement plans, PTO, and sick leave. Taxes and deductions: Employers must provide a W-2 form at the end of every year. Standard taxes and deductions, Social Security and Medicare contributions, and employer-provided year-end W-2 form. Benefits: Benefits vary based on company policies.
Make Sure Youve Got the Right Resources Hiring globally isnt just about finding the right person. Key Steps: Follow Local Privacy Laws : Make sure your HR systems and practices meet data protection laws like the EUs GDPR, Canadas PIPEDA, or Singapores PDPA. Are there roles that require specialized knowledge you cant find locally?
HiBob Small business leaders use HiBob’s HR software, Bob , to manage every aspect of the employee lifecycle from recruitment to retirement. BambooHR BambooHR offers an HR software solution that handles HR tasks like recruitment, onboarding, and people management.
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