LEGAL, HR, OR TAX COMPLIANCE CHALLENGES HAVE BEEN A SUBSTANTIAL BARRIER TO IMPLEMENTING THEIR INTERNATIONAL STRATEGY.
Ability to exit
Compliance, Tax and Talent issues are top risks in overseas expansion.
The CFO’s Secret to Global Business Expansion: Keep Costs Low and Grow Fast
THE CFO’s SECRET TO GLOBAL BUSINESS EXPANSION:
If you need help with global expansion, get in touch with us today.
HOW ARE COMPANIES GOING GLOBAL?
THEY ALREADY USE A GLOBAL EMPLOYER OF RECORD OR PLAN TO DO SO WITHIN THE NEXT THREE YEARS.
Despite these challenges,
EMPLOYERS OF RECORD SMOOTH THE PATH TO INTERNATIONAL EXPANSION, ACCORDING TO NEW CFO SURVEY
A Global Employer of Record takes care of payroll, benefits, taxes, and a variety of other human resources and compliance functions. The employer of record effectively becomes the employees’ primary employer, but just on paper and for tax purposes.
Senior executives report the most critical issues for their employer of record to successfully address are:
Why work with a Global Employer of Record?
Human capital/talent availability
Stability of political climate
Working capital efficiency
Sufficiency of market demand
Stability of currency
51% PERCENT OF SENIOR FINANCE EXECUTIVES REPORT THAT
For many companies, expanding internationally has become less of an option and more of an imperative. But, while expansion can be exhilarating, it can also be fraught with challenges—especially for companies unaccustomed to navigating the legal, regulatory, and cultural terrain of an unfamiliar locale.
Many finance executives see using a trusted global employer of record as a best practice. 83% agree that working with a global employer of record is a best practice for relieving the management and administrative burdens of overseas business expansion.
GET THE FULL WHITEPAPER
58% PERCENT OF SURVEY RESPONDENTS SAY
Senior Executives report the biggest potential benefits organizations can realize from using a global employer of record are:
They’re using a Global Employer of Record.
Download the report to get all the survey results—and the solutions.
Legal/HR compliance assured
Regulatory compliance assured
Leveraging local knowledge
Freeing finance resources for other purposes
Leveraging world-class capabilities
KEEP COSTS LOW AND GROW FAST