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Globalization Partners, a support company for hiring talent in 180+ countries without the complexity of setting up international branch offices or subsidiaries, has announced the next evolution of its Employer of Record (EOR) platform by unveiling its Self-Service Global Expansion Experience.
Companies can choose a new country to expand into, approve costs to hire identified talent, generate a locally-compliant employment contract, and issue insurance benefits. The employees are supported via Globalization Partners’ entities on the ground in each country, enabling customers to bypass the complexities associated with navigating cross-border legal, HR, and tax issues in-house. Globalization Partners’ technology simplifies and expedites the international hiring process, but automation can’t always replace the value of access to industry experts. That’s why, whenever needed, personalised service from Globalization Partners’ team is always just a click away.
The Self-Service Global Expansion Experience is part of Globalization Partners’ EOR platform that allows businesses to compliantly grow and manage their global teams–all in one place. The automated technology comes at a time in which the Employer of Record industry is increasingly on the rise as a means for forward-thinking companies to expand their teams globally. A recent report from industry analyst firm NelsonHall found that despite the recent global economic impact of the COVID-19 pandemic, buyers of global EOR services show no signs of stopping their expansion efforts, with EMEA and APAC being the top targeted regions for expansion. The research also named Globalization Partners as an industry leader among its peers.
As an EOR, Globalization Partners allows companies to hire anywhere in the world and expand into new territories without having to make costly and time-consuming investments in subsidiaries or branch offices. EORs serve as the legal employer, handling payroll, taxes, and benefits, and ensuring compliance with local employment laws and regulations, freeing up companies to manage and direct the daily work of their team members. While Globalization Partners has always provided these capabilities, the new enhanced EOR technology platform allows companies to move even faster into new territories so they can be more competitive internationally.
The Globalization Partners EOR technology platform is cloud-based and can be accessed globally via mobile or desktop. Among its many features and capabilities are an automated employment contract experience that enables companies to create competitive employment offers efficiently and compliantly. It also provides a reporting function that empowers finance teams with detailed invoice reporting by country and employee, and a help center that provides extensive support content and the ability to connect with subject matter experts. Unlike competitive offerings that are cobbled together from various sources, the company’s EOR technology was developed in-house by Globalization Partners on a single platform for a more cohesive user experience.
“Compliance delays and outdated processes can lead to losing top talent and missed opportunities in a new market,“ said Gerard Keating, CTO of Globalization Partners. “Our Self-Service Global Expansion Experience enables our customers to easily expand their global workforce through an easy-to-use, interactive user experience to explore compliance details for any country and to sign the contract all within the platform.”
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