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What Is a Foreign Subsidiary? Pros & Cons for Global Companies

Velocity Global

Global hiring and expansion present exciting business opportunities. In this guide, we outline the pros and cons of establishing a foreign subsidiary as part of a global business strategy and suggest flexible alternatives for international hiring and expansion. Fortunately, there is a more flexible alternative.

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Why Wages are Rising in the U.S.—and Four Ways Your Company Can Keep Up

Velocity Global

When local governments began relaxing social distancing mandates and economies began reopening, employers suddenly scrambled to re-hire workers, only to find that many former employees were less than eager to return to their old roles. . People in lower-wage work are saying, ‘I’m going to pivot to something better,’” Andreason says. .

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Globalization Benefits and Challenges

Velocity Global

Developing nations experience an improved standard of living—thanks to globalization. According to the World Bank , extreme poverty decreased by 35% since 1990. Businesses gain a great deal from globalization, including new customers and diverse revenue streams. What are the Challenges of Globalization?

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Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

Corporate governance that allowed banking firms to take on too much financial risk. Determining which markets show the best ROI for your company, however, requires the flexibility to easily test prime markets. An unchecked rise in unstable subprime mortgages. The Role of International PEO in Your COVID-19 Recovery.

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Globalization Benefits and Challenges

Velocity Global

Developing nations experience an improved standard of living—thanks to globalization. According to the World Bank , extreme poverty decreased by 35% since 1990. Businesses gain a great deal from globalization, including new customers and diverse revenue streams. What are the Challenges of Globalization?

Payroll 52
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How Four of the World’s Largest Employers Manage Their International Workforces

Velocity Global

This approach helps Walmart deliver consistency across the world while providing local HR leaders the flexibility to accommodate their workers’ unique needs. Today, the company sells vehicles in 153 countries worldwide while providing financial services related to auto insurance, banking, fleet management, and more.

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Debunking the Top 5 Myths About International Hiring

Globalization Partners

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. With this in mind, let’s take a closer look at the top five myths of global hiring.