Velocity Global

MARCH 7, 2023

Global hiring and expansion present exciting business opportunities. When dissolving, foreign subsidiaries must also consider steps like closing bank accounts, ending lease agreements, liquidating investments, and giving employees prior notice. However, entity establishment requires a hefty investment in time and money.

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Government Global Hiring Flexibility Payroll 52

Globalization Partners

AUGUST 25, 2021

As a global employment platform, our comprehensive AI-driven technology enables us to handle the logistical labor of team building. Download our global hiring eBook today, or take a tour of our platform to explore its features and benefits. Many were limited to just payroll processing, accounting, and tax services.

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Payroll Flexibility Out-Tasking Global Hiring 98

Velocity Global

MAY 19, 2023

However, global businesses can follow several basic guidelines to ensure they meet their individual goals. Create a Strategic Workforce Plan Creating a strategic workforce plan is an essential part of global expansion. Establish a Foreign Legal Entity Entity establishment is the traditional route for global hiring and expansion.

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Velocity Global

APRIL 17, 2023

For instance, hiring remote workers across time zones means you have teammates available to respond to urgent tasks or client needs throughout the entire 24-hour cycle. It’s essential to be consistent and proactive when communicating with remote teams so everyone stays aligned.

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Velocity Global

APRIL 11, 2023

Despite the benefits of global hiring and expansion, international companies face several challenges when building a distributed workforce. One key pain point is attracting and retaining top global talent in a competitive hiring environment.

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Globalization Partners

SEPTEMBER 28, 2021

million barrels of oil every day and accounting for a relatively large 6 percent of the world’s total production. Additionally, Canada is a global leader in fisheries, agriculture, and forestry. Download our Global Hiring Handbook today to learn more about scaling your business globally, or contact us to request more information.

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Safeguard Global

JULY 20, 2020

Getting good tax advice beforehand from a local tax agency or accountant lets you know where your company stands, and you can act accordingly. If that’s the case, a foreign country’s tax rate and structure may prove beneficial for the organization.

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Services Contracting Government Global Hiring Design 52

Globalization Partners

SEPTEMBER 14, 2023

Each of the states has its own set of holidays that the company had not accounted for in its paid time-off benefits offering. The problem began when disputes about local holidays caused disengagement within the workforce. Company Z operated in three different states. Soon after, the company saw a rise in attrition.

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Regulations Jobbing Marketing Efficiency 52

Globalization Partners

OCTOBER 24, 2022

This is an industry and regulator-agreed approach to allow the sharing of customer-consenting account data (using APIs) between the traditional banks and fintech to improve the customer experience. Many of these critical developments in fintech created in the UK and Europe have now been adopted and replicated worldwide.

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Marketing Banking Regulations Insurance 40

Globalization Partners

MARCH 30, 2022

When you want to try out a streaming service or a fitness app, free trials give you the opportunity to test the product before you make a purchase, but you would probably avoid partnering with an accountant or lawyer who offers “free” services. The same should go for your global partners.

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Globalization Partners

NOVEMBER 22, 2021

Challenging bank account opening procedures. Your company will need a Hong Kong bank account to do business in the country. However, despite Hong Kong’s generally business-friendly environment, opening a bank account can be complicated. Purpose of the account and its intended use.

Banking 52

Banking Regulations Accounting Government 52

Velocity Global

NOVEMBER 12, 2020

While Walmart maintains a centralized company HR strategy, the company empowers its regional HR directors to customize their approach to account for local differences—from cultural and religious expectations to local labor laws. Buffett holds his workforce accountable to general guidelines rather than strict expectations. “We

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Management E-Commerce Retail Payroll 52

Globalization Partners

APRIL 28, 2022

Contractors are responsible for accounting for their own social security contributions with their income taxes each year. When you hire employees, the law usually requires you to offer certain benefits. Globalization Partners offers the key to seamless international growth with its global employment platform.

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Globalization Partners

JULY 5, 2022

According to the International Monetary Fund (IMF), Australia’s economy is the 12th largest in the world , accounting for 1.6 percent of the global economy. Globalization Partners is a trusted leader in the global workforce industry, with a 98 percent customer satisfaction rate and teams in 187 countries.

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Redistribution Co-Sourcing Human Resources Banking 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. Organizations need to comply with detailed legislation and learn the inner workings of international job markets.

Payroll 40

Payroll Regulations Global Hiring Marketing 40

Globalization Partners

AUGUST 30, 2022

For instance, according to IMF data from 2017 : Only 48 percent of men in the Sub-Sahara region have a bank account. Thirty-seven percent of women in the Sub-Sahara have a bank account. The reason that fintech is so ripe for investment in Africa is because the continent has one of the most significant unbanked populations in the world.

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E-Commerce Banking Payroll Insurance 52

Globalization Partners

APRIL 27, 2023

During their interactive talk on expanding businesses through global hiring, Suzanne McVey and David O’Reilly asked their audience what was the first thing that came to mind when considering international hiring. In order to ensure compliance, you’ll have to find a local payroll provider, accountants, lawyers, and HR advisors.

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