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Global Employment

Hiring overseas can be tricky to navigate. Each new country brings a new set of employment regulations that you have to learn and monitor. Plus of course, there’s the effort and cost of setting up an entity in each new country as well as all the related infrastructure. Without support, this can be difficult to get right.

But doing it alone isn’t your only option. Using Shield GEO as your Employer of Record makes international employment simple.

What is Shield GEO’s employment solution? 

With Shield’s solution, you don’t have to set up a new entity with each new country. Instead, Shield GEO becomes the legal Employer of Record for your employee. You’ll still manage their day to day work, but we take responsibility for their employment and tax compliance as well as their local payroll.

Consider it like having an instant local HR function. We’ll work with you to set up your employees in line with your policies while also ensuring compliance. Plus we’ll always keep you up to date with any changes to the regulations. 

Our service isn’t just administrative, you’ll also have access to ongoing support from real people. Whenever you have questions, your Shield GEO account manager is ready to help, backed up by our team of experts in local HR, employment law, tax and payroll.

What are the benefits of hiring employees through Shield GEO?

There are three main advantages of using the Shield GEO Solution:

  • Faster
  • Cheaper
  • No surprises (because of our team of experts)

By using Shield GEO as an Employer of Record, you’ll outsource all employment formalities and requirements to us, allowing for quick and cost-effective staff deployment with the support of a team of global employment experts. 

You’ll have access to our pre-existing entities, making the entire process much faster. You’ll have one low monthly cost instead of the high cost of hiring various teams of lawyers, HR specialists, and in-country administration. And, perhaps most importantly, you won’t have to do it alone.

Instead of setting everything up from scratch yourself, you can rely on your dedicated account manager to walk you through every step in the employee life cycle while they are supported by a full team of specialists. We’ve developed our processes and expertise from helping hundreds of clients just like you, which means we’ve seen everything that can go right (and wrong!) along the way. With Shield on your side, there are no surprises!  

What are the challenges of hiring overseas without an EOR?

The main challenges that companies face when taking on a DIY approach are:

  • It’s slow / a lot of work 
  • It’s expensive 
  • It’s full of pitfalls and surprises

The most compliant alternative to using an Employer of Record is to incorporate your own entities in each new country. 

This means:

  • Incorporating an entity, 
  • Sourcing vendors for legal, HR, accounting, payroll and tax
  • Understanding local employment, tax and social security regulations
  • Integrating your existing systems and processes 
  • Setting up new processes to onboard, administer and offboard employees
  • Managing business expectations on timeframes
  • Educating managers and business leaders on local requirements
  • Managing the monthly/annual administration
  • Staying up to date with any legal changes

Unfortunately, every country has slightly different employment and tax regulations which makes hiring in multiple locations extremely difficult to get right. Failure to comply with a county’s requirements could place you in danger of legal and financial penalties. Which is why we strongly recommend seeking legal advice if you’re thinking of taking on a DIY approach. 

Even when you source in-country vendors, your risks aren’t completely taken away because the responsibility ultimately lies with you. Not to mention the cost of managing multiple firms. Hiring managers and business leaders generally underestimate the complexity and risk of hiring overseas, which means, you may end up with a huge load on top of your current work. 

What could you do with more time, less worry, more budget? Could you focus on tasks you really want to like improving the employee experience, integrating your international workers into your culture, encouraging high performing teams and reaching your business goals? With Shield taking on the responsibility of your international employees, you get to decide. 

How does employment work with Shield GEO?

The Shield GEO solution covers all aspects of payroll for workers, including taxes, withholding, social security payments and other statutory requirements. We also offer medical insurance and the ability to make pension contributions in most locations. 

The process looks like this:

  1. You make an offer to your new hire.
  2. We work with you to finalize the local employment terms.
  3. We hire your employee onto our payroll.
  4. You manage your employee directly so that from the employee’s perspective, we’re completely in the background on a day to day basis.
  5. Each month you confirm the payroll inputs.
  6. You pay our invoice each month.
  7. We pay your employee according to the agreed schedule.
  8. We handle all the tax and social security withholding, monthly payroll reporting, annual returns, and any other local compliance.
  9. Whenever you have a question your account manager is ready to help.
  10. We keep you informed if there are any regulatory changes.
  11. If your plans change, you’re free to leave with a month’s notice.

Summary

Shield GEO makes international employment simple for you. Our support and expertise are with you every step of the way. We handle compliance and administration in all the countries where you want to hire. This leaves you with more time, money, and energy to focus on your core business.



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