Expanding businesses to other countries can be time and money-consuming for many. If one doesn't have experience and knowledge of taking the business globally, then getting started can be disastrous. Globalization Partners comes in really handy in such situations as this portal helps a company expand their market in more than 185 countries.
From hiring new talents to payroll and tax compliance, everything is handled by Globalization Partners, so you don't have to worry about anything. Not only it quickly establishes your business in a new country, but it saves you from the expenses of setting up your own legal entity in every country you want to expand your business to.
What Is Globalization Partners?
Globalization Partners is basically middleman when it comes to setting up a new business in another country. It acts as an employer of record, taking on the responsibilities of employing and paying workers on behalf of the business.
This allows businesses to focus on their core operations while Globalization Partners handles the administrative and compliance aspects of expansion. Not only this, but it offers a wide range of products and services that can help a business in expanding its market quickly and effectively.
The company is proven to increase the user base and overall market of various businesses in many countries around the world.
How Globalization Partners Different From Others?
- Setting Up A New Entity - G-P works with local authorities and offices of every nation, so it can help you in getting a local business address and obtaining all necessary licenses and permits pretty quickly. It really doesn't matter which industry you are working in, G-P will definitely be helpful in expanding your business to other countries.
- Hiring and Payroll Services - It can be hard for a new establishment to enrol new employees for their business, and G-P is beneficial in that. You can leave everything related to hiring and payroll processing on them. After submitting all the necessary information, it just takes a few days for them to onboard new employees for your business.
- Compliance With Local Laws - Being compliant with local laws and regulations is very important, specially if you are expanding your business to a new nation. Leave everything related to paperwork, registration, etc., on G-P. In just a few clicks, you will be able to explore new markets for your business and expand it without any worries.
- Human Capital Management (HCM) - G-P provides access to custom-developed software to track everything related to your business. You can use it to hire employees either on a contract basis or full-time. It also allows you to generate customized employment contracts to hire people quickly and start working with them.
- Detailed Reporting - You can get detailed reports of employment, payroll, time, and expenses that can help you in making the best decisions related to your business. A dedicated account manager is also allocated to every business, which makes management easier than ever.
What Is Global Employer of Record?
Global Employer of Record (EOR) is a method to operate a business in another country where that particular company does not have an employment infrastructure. Companies providing this service are responsible for handling all types of legal and administrative responsibilities of the employees in the host country. For example, if a company is established officially in the United States but want to expand its services in France, then it can use Global EOR service to handle local employment contract, comply with local labour laws, and handle payroll and benefits administration in France.
What Is EOR Service?
Global EOR service is widely used by many companies to expand their market in other countries. This service eliminates the need to set up a legal entity for the company and handles everything itself. When it comes to Global EOR, it is very necessary to be compliant with potential costs and risks that are involved in the host country. Globalization Partners helps businesses identify the risks, costs, and everything involved in setting up a new business, so companies can start easily. G-P offers different types of plans and pricing models so companies can opt accordingly.
FAQs Related To Globalisation Partners
How Long Have Globalization Partners Been Around?
The G-P service was founded back in 2012, so they are into this business for more than a decade. With an experienced team, you can expect them to handle everything professionally, and that is why more than 60% of MNCs prefer using Globalization Partners over others, as it helps companies streamline their global expansion efforts.
Who Competes With Globalization Partners?
There are various companies that provide services like Globalization Partners, and you can use them too if you find them worthy enough for your expansion. However, when it comes to professional employer organization (PEO), nothing beats the authenticity and quality of work you can find in the G-P.
What Are Globalization Partners Worth?
Globalization Partners is worth more than $4.2 billion right now as it has raised investments worth $350 million from multiple companies in 2022. A company is making tremendous growth every year, and a lot of businesses are considering teaming up with Globalization Partners to expand their business in other countries, and you must too.
How Many Employees Does Globalization Partners Have?
As of August 2022, number of employees are 1,170.
Globalization Partners Alternatives
A simple search will get you a list of EOR services, but not all are worth having business with. We will recommend you use only Globalization Partners if you want to expand your business in new countries, but you can read more about a few others as well. Here's a list of other companies that provide services like Globalization Partners.
- CTM Global
- Bridgepoint Global
- Bamboo HR
- GEO (Global Employment Outsourcing)
- HireGlobal
Conclusion
Globalization Partners is currently one of the best SaaS-based Global Employment Platforms that can be used by almost any business out there. Its team of experts can help you in setting up your business in a new country in just a few days or weeks. The portal runs various programs and services to help you understand the expansion process.
With a more than 98% customer satisfaction rating, G-P is definitely changing the way a business eyes the new market. So, don't wait and start using Globalization Partners end-to-end technology platform to begin hiring new talents for your business and expand it to other countries of your choice.