When you’re asked to hire someone in a new country where you don’t have a legal entity, it can be overwhelming. Where do you start? How do you assess the risk of hiring overseas? How much does it cost? How do you get your employee set up?
Hiring an employee in a foreign location can be risky, expensive and time-consuming. In fact, risk management and containing costs are cited to be the two biggest challenges for mobility professionals managing international assignments.
When you use an Employer of Record solution to hire an employee overseas, we do all the heavy lifting for you. You’ll be able to give your business the answers they need. Wouldn’t it be great to go back and tell your team that not only can you hire your overseas employee quickly and easily, but you can also do it without setting up an entity – giving them all the costs and timelines upfront?
The Employer of Record solution would be handy if you’re trying to:
|Shield GEO||Your Business|
|Select the employee and agree basic terms for their assignment (role, duration, salary)|
|Draft an employment contract that’s compliant with local regulations and supports your desired terms and conditions|
|Have your employee registered for payroll in the host country|
|Ensure compliance with all host country regulations including employment, tax and payroll|
Run monthly payroll administration, prepare payslips and deliver them to your employee
|Spend just 15 minutes monthly consulting with your dedicated account manager to go over your employees’ payslips|
|Address any questions related to employment, payroll and tax, that you or your employee may have|
|Stay up to date on changes in host country legislation|
|Provide advice on performance management and help you terminate the employment easily if the need arises|
An Employer of Record solution significantly reduces the administrative burden of hiring in a new country and allows you to focus on your business. We make international employment simple for you, and offer dedicated, professional support in 50+ countries.