As remote work becomes increasingly common, employers are seeing the benefits of a global workforce. Yet sourcing overseas talent isn’t so simple. It comes with several important legal and tax considerations, which can be challenging for companies that have only operated domestically until now.
To address these hurdles, employers are turning to organizations that can help make global employment a reality, like Oyster. Oyster’s global employment platform helps to ensure businesses that hire workers across borders do so in a manner that complies with employment and tax laws. Oyster can also provide some human resources and payroll support, eliminating hassles for both existing teams and new hires.
If you’re considering expanding your hiring territories, here’s what you should know about partnering with a global employment platform like Oyster.
Finding a global employment organization (GEO) that suits your needs
As with any outsourced service, you’ll want to perform due diligence to ensure the best fit for your company. This starts with considering your business objectives for enlisting their services. For example, your goals may include:
- Establishing or accelerating international recruitment
- Having payroll or benefits administered by an experienced and trusted team
- Ensuring compliance with employment or tax laws
- Developing a program so existing employees can work remotely
- Establishing an Employer of Record (EOR) to simplify remote employment
The clearer you are on your goals, the better you will be able to deliver on them. After defining your objectives, you’ll want to find an organization that can meet your company’s precise needs. Ideally, they’ll be a trusted organization that already has experience working in your target territories.
Do research to find out more about each supported territories and partners they’ve already worked with. You’ll also want to make sure they’re compliant with all applicable employment laws, trustworthy, and knowledgeable.
Benefits of a global employment organization
The benefits of working with a global employment organization are compelling for employers seeking to hire internationally. Here are just a few of the most noteworthy advantages to consider.
Talent acquisition
Sourcing local talent can be a challenge in itself, but opening positions to a global workforce introduces new complexities. Your hiring teams may know all the proper channels for finding candidates nearby, but seeking in-demand talent internationally calls for a unique approach.
GEOs understand how to target talent with specific skill sets in remote locations. They may have connections or access to talent pools your internal teams wouldn’t. With their professional assistance, you’ll be able to build a strong, productive team with diverse cultural backgrounds and skills that may not be as readily available stateside.
Seamless hiring
Finding candidates is only one piece of the talent management puzzle. The other steps that come with hiring—including onboarding, payroll, and ongoing support—can also be resource intensive. Many organizations turn to GEOs to alleviate the administrative burden of these activities. In doing so, they can enjoy rapid, seamless hiring, reducing time to value for new talent.
Flexibility
As a growing organization, your hiring needs will change over time. The right GEO will be able to meet your evolving needs and scale services as your business grows. You may also need to change your talent acquisition strategy, benefits administration, and other aspects of global hiring as your business needs change. A GEO can help you execute these changes in a way that minimizes disruptions.
Compliance
Ensuring compliance with both domestic and international employment and tax laws requires legal expertise. From ensuring your global employees are paid fair wages for their hours worked to offering mandatory benefits, GEOs will handle all the legalities of overseas employment, so you can rest assured you’re not at risk of any violations.
Cost-effectiveness
Working with a GEO can be an economical way to expand your talent pool. You’ll minimize the costs of lawyers, accountants, and visa and contract experts since most of this expertise will come directly from your GEO. Plus, your internal teams won’t need to get involved with the day-to-day responsibilities of managing overseas, which can help you control costs further.
If you’re seeking a global employment organization to help build your workforce, turn to Oyster. Find out more about how we can help your organization grow with a strong, dependable global team.
About Oyster
Oyster is a global employment platform designed to enable visionary HR leaders to find, engage, pay, manage, develop, and take care of a thriving distributed workforce. Oyster lets growing companies give valued international team members the experience they deserve, without the usual headaches and expense.
Oyster enables hiring anywhere in the world—with reliable, compliant payroll, and great local benefits and perks.
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