Remove Flexibility Remove Global Hiring Remove Reduced Costs Remove Regulations
article thumbnail

5 Common Misconceptions About International PEO—And Why It’s the Right Expansion Solution For You

Velocity Global

Companies that handle highly sensitive information need an employment solution that not only ensures compliance, but also accelerates time-to-market, reduces costs, and enables you to test product-market fit without a long-term commitment to a new country. CAAGR (Compounded Average Annual Growth Rate), reaching $1.1 billion by 2024.

article thumbnail

Going Global as a Nonprofit Organization: Important Things to Consider Before Hiring

Velocity Global

While some nonprofits only need to operate on a local scale, other organizations want to expand their message and extend help globally. Reducing costs is an important factor for many charitable organizations, but it is not the only factor to consider when developing an international growth strategy.

article thumbnail

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

Velocity Global

Financial Crisis Inquiry Commission determined multiple causes for the Great Recession, including: A general lack of financial oversight by regulating bodies. Additionally, when the pandemic passes, companies that have expanded into new international markets have an advantage over competitors with limited global reach.