As the largest employer globally, we possess the expertise and experience to help you start your business legally and quickly in the UK. Companies seeking to expand globally may face challenges hiring employees legally in foreign countries. In most cases, complying with regulations requires creating a legal business entity in that country, a difficult, expensive, and time-consuming process for many.
Who are global employers of record?
INS Global is a group that helps companies hire employees in foreign countries. When businesses venture into new international markets, they may need to employ people where they lack a physical presence. A global employer of record (EOR) is a solution that enables them to hire employees in new markets without creating a separate business entity in that country. This approach saves money and ensures compliance with regulations.
What does a UK-based global employer of record do?
If you plan to do business abroad, you must comply with the country’s payroll laws. EORs can help you with this. They can handle payroll, tax deductions, and the onboarding of new employees.
EORs can also manage payroll taxes, benefits, compensations, deductions, social insurance, and employee information. A local employer can provide guidance on notice periods, termination procedures, and severance compensation. This may prevent litigation and free up HR from repetitive work.
Partnering with a global EOR can ensure that your company operates lawfully and efficiently worldwide.
When to use a global employer of record uk
Companies expanding internationally face various challenges. Finding a fast solution without sacrificing quality can be difficult. Working with a global EOR provider can be advantageous. Global employers of record help businesses expand overseas, providing expertise and knowledge to boost growth. Here are a few scenarios in which your company may need an EOR provider:
Exploring and evaluating international markets with global EORs
EORs can help you determine if a foreign market is ready for your products or services. By recruiting employees in target countries, you can test the market without creating a local business entity. This is an excellent way to assess interest and demand before making a significant commitment.
Avoiding issues with non-compliant independent contractors
If you want to expand your business, hiring workers from other countries may lead to noncompliance with employment and tax regulations. An EOR can help you become more compliant by employing contractors on your behalf and ensuring that they adhere to all local labor regulations.
Quickly entering new markets without creating an overseas company with GEO
Expanding into new markets may require creating a new business entity, which can be time-consuming and complicated. However, by using an EOR, you can have employees working in a new country within weeks while your organization establishes the new entity.
Assisting with mergers and acquisitions with a global EOR
When a company expands into a new country, the newly hired employees often have to work in a jurisdiction with its own laws, taxes, and regulations. In the fast-paced business world, having a dependable and knowledgeable EOR partner is crucial for streamlining and expediting the process of acquiring new businesses.
There are 11 benefits to using a global Employer of Record (EOR) in the UK. Employing people on a full-time basis anywhere in the world is an effective way to rapidly and efficiently expand your company. With a reliable and experienced EOR, you can avoid the hassle of misclassifying employees or setting up a local organization. This method allows you to quickly and safely find the most qualified individuals from all around the globe.
Benefits of using a GEO
Using Global Employer of Record (GEO) services provides faster hiring around the world compared to traditional methods. With this service, you can hire international workers anywhere in the world in a fraction of the time it takes with traditional methods.
A global EOR is an expert in HR compliance in each of the 190 countries, saving you from the burden of figuring out local labor laws, employer taxes, HR compliance rules, and payroll processing details.
One of the benefits of using a global EOR is that it costs less because you don’t have to set up a local entity. This allows you to hire full-time employees anywhere and find the best people from all over the world faster and more safely.
Using a single global EOR solutions supplier provides stable pricing, which helps you manage your global workforce with a single, transparent, and understandable pricing model. With a personal account manager assigned to you, communication across multiple countries, languages, and time zones is streamlined, saving you time and money.
A global employment cost prediction that provides insight into workforce expenses across the globe is becoming increasingly important as your company grows and expands its operations abroad. The Worldwide Payroll Calculator is helpful in estimating global payroll expenses and examining associated taxation. This will allow you to better plan for the expansion and management of your foreign workforce and stick to your financial projections.