Today’s guest blogger is Daniel Wood, the global marketing manager of SafeGuard World International. For nearly a decade, organizations around the world have relied on SafeGuard World for their global HR needs, specifically around payroll and employee compliance. SafeGuard World is an Alliance Partner of NPAworldwide.
Global expansion has long being a term associated with multi-billion conglomerates, but with the ever changing economic and technological landscape, the reality is this is no longer the case. Today, tens of thousands of small and medium sized businesses expand their presence internationally every year. Despite this upsurge, a number of myths around global expansion still remain. We’ve identified four of the most common global expansion myths and demonstrate how they can be dispelled through working with the right global employment outsourcing (GEO) provider.
When identifying all of the required components to take your business overseas, the costs can soon stack up.
However, by utilizing a global employment outsourcing provider with an established global network of experts these one-time, setup fees that you would typically incur when registering a business yourself can be drastically reduced. Our experience allows us to provide you with complete transparency into your expansion costs in advance; allowing you to plan and budget with confidence.
Expansion is too big of a commitment
In a world filled with headlines of financial gloom many organizations are keen to avoid any unnecessary risk and increased exposure establishing overseas may bring.
The flexibility of GEO services allows you to establish a presence in overseas markets for a fixed or indefinite period of time. Now you can evaluate new markets without undue exposure, allowing you to reap the financial benefits that accompany global expansion.
It’s Time Consuming
After mapping out the number of required steps and time involved for compliant expansion, many organizations simply abandon their global intentions in the face of this bureaucratic nightmare.
However, our pre-established network of meticulously vetted partners allows your company to hire talent and expand in as few as 2-4 weeks in more than 110 countries around the world.
Lack of In-Country Expertise
Navigating a plethora of laws and regulations, deciphering tax codes and agreements can be complex obstacles for even the most experienced of global companies.
Resources are available to supplement the lack of in-county expertise. Providers like SafeGuard World have a global network of local experts available to guide clients through the most multifaceted of expansion challenges, in addition to serving as a local touch point for workers employed within that country.