Expanding your business globally presents a major opportunity for growth, but it also comes with significant challenges around hiring and managing an international team. Globalization Partners aims to make global expansion fast, easy, and compliant through their Global Employer of Record (EOR) model. In this review, we’ll take a closer look at their services and platform.
Overview of Globalization Partners
Founded in 2012, Globalization Partners enables companies to hire talent in 187 countries without having to set up foreign branches or subsidiaries. Their Global EOR solution allows you to onboard new overseas hires in just days through their legally compliant HR infrastructure and technology platform.
Globalization Partners serves over 4,000 clients across 170 countries, from small startups to Fortune 500 companies like Airbnb, Amazon, and Google. They have built a robust team of in-house compliance attorneys, HR professionals, and payroll specialists to manage global employment legalities in each country.
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Benefits of Using Globalization Partners
These are the biggest benefits of using globalization partners compared to traditional entity setups:
- Fast and scalable hiring: You can hire talent in new countries in just days and hours, versus months. This enables you to rapidly test new markets and pursue growth opportunities.
- Reduced time to hire: You bypass the entity setup process, allowing you to onboard and contract employees in days. Their team handles all legal paperwork and onboarding.
- Remain compliant: Lean on their in-house compliance team to remain compliant with local employment laws and regulations. This removes your operational and legal risk.
- Access top talent globally: Hiring locally in each country gives you access to the best talent pools globally, which is especially critical for innovation and growth.
- Cost savings: Only pay for the HR services you need rather than the excessive overhead of setting up your own entities. This saves you substantial time and money.
Globalization Partners’ EOR model allows you to hire employees globally without setting up your own legal entity in each country.
- Clients sign one contract with Globalization Partners instead of establishing foreign subsidiaries.
- Globalization Partners then becomes the legal employer of record for your overseas employees for tax, HR, and benefits purposes.
- As the client, you manage the day-to-day work, hiring, salaries, and firing of your global team members.
Behind the scenes, Globalization Partners handles all HR, payroll, taxes, and compliance for each country.
This setup allows you to hire overseas employees quickly while reducing your operating costs and legal risks. You get the talent you need to expand globally without the typical entity set-up burden.
Getting Started with Globalization Partners These are the steps to get started expanding your global team with Globalization Partners:
- Discuss your hiring needs and timeline. Their team will assess your goals, provide timelines and options, and recommend countries.
- Select your package. Their platform shows pricing for hiring in 1, 30, or unlimited countries starting at $999/month. Volume discounts are available.
- Contract with Globalization Partners: Signing their master services agreement establishes the EOR relationship.
- Start hiring. You can now hire overseas workers. Globalization Partners handles all legal paperwork and onboarding.
- Manage your team: You manage the day-to-day work while they handle payroll, taxes, compliance, and benefits.
- Scale as needed: Easily hire in additional countries in just days as your team grows.
Frequently Asked Questions
What countries can you hire in?
Globalization Partners supports hiring in 187 countries across Europe, Asia, Africa, Oceania, and the Americas.
How long does implementation take?
Most clients can onboard and hire their first employee within 14 days. Rapid expansions are possible in as little as 1 day.
Do you handle payroll?
Yes, their in-house teams handle payroll for each country. This includes paying locally competitive wages and benefits.
How does off boarding work?Clients manage terminations, while Globalization Partners handles all country-specific legal paperwork and compliance.
Conclusion
For companies seeking to hire overseas, Globalization Partners provides a fast and legally compliant Global Employer of Record solution to simplify global expansion. By leveraging their infrastructure and platform, you can build global teams in days without getting bogged down in entity setup and HR administration. If you’re exploring global growth, it’s worth learning more about their offerings. Reach out for a demo today.