Velocity Global

DECEMBER 21, 2020

If you’d like to learn more about how Velocity Global’s experts help HR teams simplify every aspect of international employment, contact us today. The post Webinar: Key Legislative Changes That Impact Your 2021 Global Hiring Decisions appeared first on Velocity Global.

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Velocity Global

MAY 25, 2023

Plus, as global hiring becomes more competitive, comprehensive compensation is essential for attracting top talent. Below are four reasons global companies should administer competitive compensation and supplemental benefits to their expatriate talent.

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Velocity Global

MAY 23, 2023

International PEOs, on the other hand, handle all employment responsibilities on a company’s behalf—from onboarding to payroll, taxes, benefits, talent relocation, and compliance. A more accurate term for international PEO is a global employer of record (EOR), which we discuss below. Talent retention. Streamlined support.

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Globalization Partners

AUGUST 4, 2022

With global hiring gaining importance for companies looking to stay one step ahead of their competition, leveraging platforms that automate key processes like contract generation, entity setup, onboarding, and payroll can make or break a company’s success in today’s business world.

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Velocity Global

NOVEMBER 29, 2022

They handle everything from onboarding and payroll to risk mitigation so you can focus on overseeing day-to-day employee tasks and business operations while maintaining compliance with Chinese labor laws. Some companies may decide to initiate their global hiring efforts by engaging contractors instead of hiring employees.

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Velocity Global

JUNE 28, 2022

One major concern for companies expanding internationally is conducting payroll overseas. Incorrect payroll contributions or late payments lead to penalties and fines as well as reputation damage in the foreign market. An overlooked aspect of global compliance is the international tax concept of permanent establishment.

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Velocity Global

FEBRUARY 20, 2023

Employee cost comprises several factors, such as employee salary, payroll taxes, supplemental benefits, and other expenses like company retreats and overhead. The costs include gross salary, payroll taxes, and additional expenses like supplemental benefits. Add this number to the other additional employee expenses.

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Global Expansion

NOVEMBER 17, 2022

In 2020, 32% of finance executives engaged with a global EOR. Another 90% believe that a trusted global EOR performs better than a typical company in handling global payroll, tax obligations, and the complex legalities of global hiring.

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Globalization Partners

MARCH 30, 2022

You must also remember that your global employment platform will provide your international team members key services, such as payroll. Payroll issues. Every country has different payroll requirements and processes. Paying multiple team members in different currencies worldwide requires help from global payroll experts.

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Velocity Global

OCTOBER 13, 2022

Velocity Global received multimillion-dollar investments, including a $400 million Series B earlier this year that will be used to enhance and broaden its technology and solutions, while recent acquisitions of iWorkGlobal and ShieldGeo allowed the company to further expand its capabilities and reach. Breadth of solutions and coverage.

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Velocity Global

AUGUST 10, 2020

Then, economic growth can resume and HR departments can return to their strategic plans, including global hiring. Growth strategies must now include safety protocols, real-time local knowledge, and contingency plans that account for immediate global shutdowns. As a result, businesses’ global hiring plans need to stay flexible.

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Velocity Global

MARCH 20, 2023

Global hiring lets you quickly acquire the talent you need to stay competitive. Inclusive global companies are: 1.8x Entity Setup Setting up entities allows companies to hire compliantly across borders—but it’s a costly, tedious, and time-consuming process. more likely to be change-ready 1.7x What is an EoR?

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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. Learn more: What Is an Employer of Record?

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Globalization Partners

AUGUST 25, 2021

Countries with no prior entity set up face possible tax, benefit, and payroll challenges. In order for companies to compliantly hire team members in countries where they don’t have an established presence, they must set up a business entity. Many were limited to just payroll processing, accounting, and tax services.

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Globalization Partners

MAY 25, 2022

Some companies evade global employment payroll tax complexities by simply wiring money to their employees. If you want to be taken seriously by top global candidates and local governments, consider that payroll taxes include: Reporting and withholding income tax. The rate in Germany in 2021 was 19.98

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Globalization Partners

JUNE 7, 2022

With the declining population and shrinking talent pool, South Korea-based companies must embrace global hiring and consider innovative technology solutions to solve the talent gap. Leveraging technology to solve the talent gap: How wondermove accelerated its expansion and hired the best talent.

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Globalization Partners

DECEMBER 21, 2022

The G-P leadership team weighs in on global hiring trends, HR tech and what’s important to employees in 2023. They provided insights on everything from employee culture to technology trends, to potential economic and market obstacles and of course their perspective on what next in terms of global hiring.

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Globalization Partners

NOVEMBER 17, 2023

To this end, they’ve introduced innovative bulk features, streamlining tasks such as employment contract creation, payroll requests, and equity reporting. This not only reduces repetitive tasks but also minimizes the risk of data entry errors, creating a seamless process for global hiring.

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Velocity Global

OCTOBER 26, 2020

International PEO (Professional Employer Organization), also known as an Employer of Record (EOR), provides companies with a quick and compliant hiring solution, virtually anywhere in the world. Global business leaders increasingly leverage International PEO as a proven, streamlined global hiring option. billion by 2024.

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Velocity Global

FEBRUARY 3, 2022

For example, a fintech company looking for an alternative to London’s highly competitive hiring landscape can turn to an emerging market like Lithuania. Not every global hiring method offers time and costs savings compared to upskilling programs. Hire the World’s Best Talent With Velocity Global.

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Velocity Global

APRIL 7, 2023

Additionally, an EoR takes on employer responsibilities such as onboarding, payroll, visa administration, and compliance with local employment and immigration laws, while you own management tasks like compensation, position duties, projects, and performance management.

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NoonDalton

SEPTEMBER 20, 2023

The employees technically remain under the agency’s payroll, but they work full-time for the leasing company, essentially becoming an extended part of the team. Administrative Responsibilities Staff Leasing: Reduced administrative responsibilities as the leasing agency handles many aspects like payroll, benefits, and HR compliance.

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Globalization Partners

OCTOBER 7, 2022

Modern global employment platforms support companies by managing and hiring international talent, and ensuring compliance and convenience across several countries. Payroll, taxes, and other employment regulations are managed without costly and time-consuming research and investment on the employers’ side.

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Velocity Global

MAY 19, 2023

Compliantly Hire Top Candidates Once you have chosen the ideal candidate, familiarize yourself with the labor laws in their country of residence to ensure compliance when hiring them. 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. Compliance Offering competitive global benefits, hiring across borders, and executing payroll compliantly are no easy tasks.

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Velocity Global

APRIL 27, 2021

Challenge #4: Delivering International Payroll Services. Making errors when delivering payroll for international employees is all too easy for HR teams. Furthermore, HR leaders with teams in more than one market must spend extra time learning various payroll interfaces and meeting the requirements of multiple foreign banks. .

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Velocity Global

MARCH 7, 2023

Global hiring and expansion present exciting business opportunities. An EoR is a third-party partner that serves as the legal employer of your global talent. Velocity Global’s Employer of Record (EoR) solution allows companies to expand across borders quickly without setting up a subsidiary.

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Velocity Global

OCTOBER 6, 2022

Peru has a unique set of labor laws, payroll taxes, and employment contracts that are challenging for a foreign enterprise to manage on its own. Fortunately, Velocity Global can help you unlock the power of global hiring without any of the headaches.

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Velocity Global

AUGUST 19, 2020

There are many ways to do this, such as setting up an entity, hiring foreign independent contractors, or utilizing other global hiring solutions. There is another option that has benefits over both a branch and a subsidiary, and that is choosing a global hiring solution, such as a Global Employer of Record.

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Velocity Global

MAY 26, 2023

Today’s connected digital world has opened businesses up to global talent pools, allowing companies to recruit and hire the right people for the job—regardless of location. While global hiring offers many benefits, it’s not safe from problems. states, tax laws differ considerably between countries.

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Velocity Global

OCTOBER 26, 2020

International PEO (Professional Employer Organization), also known as an Employer of Record (EOR), provides companies with a quick and compliant hiring solution, virtually anywhere in the world. Global business leaders increasingly leverage International PEO as a proven, streamlined global hiring option. billion by 2024.

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Globalization Partners

SEPTEMBER 30, 2022

From sourcing to onboarding, Globalization Partners (G-P) delivers a supportive and connected experience for all by taking the pain out of managing global HR, payroll, benefits, and more.​ To learn more about our global hiring solution, contact us or request a proposal.

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Velocity Global

JULY 9, 2021

Meet Your Local and Global Hiring Needs With a Trusted Partner. states and global markets presents real HR challenges, from providing payroll and benefits to compliantly classifying talent as independent contractors or employees. However, engaging talent in new U.S.

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Velocity Global

APRIL 30, 2020

International PEO (Professional Employer Organization) enables companies to compliantly hire top international talent to keep business moving during the COVID-19 pandemic. Stay Home and Go Global. As countries around the world closed borders in response to COVID-19, the virus created new and unique barriers to global hiring.

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Velocity Global

JULY 17, 2020

Nonprofit organizations typically work with strict budgets and might not be able to manage the fees for misclassification or hire a legal team to navigate litigation brought against a noncompliant organization. Stay Flexible So You Can Easily Exit a Market If Necessary.

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Globalization Partners

JANUARY 7, 2022

Team up with a global employment platform. Working with a global employment platform like Globalization Partners makes managing distributed teams a breeze. Our AI-driven global employment platform takes care of payroll, contract generation, employee onboarding, and legal compliance.

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Globalization Partners

SEPTEMBER 28, 2021

Peace of mind: Your company gains the peace of mind of knowing its hiring and payroll tax practices are compliant. Globalization Partners employs teams of experienced professionals who are well versed in the nuances of Canadian law, so they can ensure compliance with even the most minor details of Canadian labor and tax regulations.

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