A global employment solution is a software platform or service that enables you to hire remote workers based anywhere in the world. Global hiring comes with a lot of legal and compliance issues and the role of a global employment solution is to overcome those issues and enable you to employ internationally with minimal hassle.
There are a number of tasks associated with employing a globally distributed workforce that a global employment solution can help with, for example:
In all the steps mentioned above, a good global employment solution ensures your company follows the law in every country that you hire in.
There are many different models that companies use to compliantly hire in foreign countries, such as:
‘EOR’ is a term used to describe a company that formally employs team members while, in reality, the team members provide services to a different organization. This enables companies to use EORs located in other countries to hire staff based on local laws and norms (see ‘GEO’ below).
With a PEO, both the employer and the PEO co-employ team members. While the PEO can help reduce the administrative burden of global employment, the company must be an established entity in the country from which it hires staff.
Global employer organization (GEO) and global PEO (GPEO) are terms used to describe an EOR which employs team members who live in jurisdictions outside of those in which a customer (company) is incorporated.
Find out more about which global employment solution is best for your company.
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