Global Expansion: Evaluating Employment Cost and Risk
- The Key Challenges of International Expansion
- A Strategic Approach to Enable Global Expansion
- Making the Decision to Expand Internationally
- The Right Global Employment Solution Will Drive Value for Your Business
- Express Global Employment Platform for Quality Global Expansion Decisions
- Who Can Use the Express Global Employment Platform?
- Streamline Your Global Journey with Advanced Global Employment Tools
- Global Payroll Calculator
- Global Hiring Navigator
- Global Compliance Navigator
- Global Mobility Navigator
- Acumen International Complete Global EOR and PEO Solution
The Key Challenges of International Expansion
Global expansion is a key growth component of many technology companies’ long-term strategies — and for a good reason. Increased market share and revenue led to adopt the strategy. However, the challenge of scaling a business goes beyond a simple hop across the pond. When companies expand internationally, they face unique challenges: how to access the best talent pools, understand their obligations under multiple local labour laws and accounting standards, reduce their exposure to foreign employment and compliance risks, and control costs.
Globally-minded companies face many challenges when hiring and managing their employees. Global expansion can also require various complex and risky decisions, such as hiring one remote employee in a foreign country or opening up a fully-staffed subsidiary or branch office.
A Strategic Approach to Enable Global Expansion
Companies with a worldwide footprint often have challenges navigating multiple, disconnected global employment management aspects, such as payroll and benefits, immigration and relocation, and legal and compliance, primarily when growth is driven by their global expansion ambitions or mergers and acquisitions.
As a business owner looking to expand your company’s reach internationally, you know how important it is to have reliable data when making decisions about hiring remote teams. Searching for complete and accurate information can be time-consuming, however, and you can’t afford to wait days or weeks for answers. Whether your company has already decided to open up new international markets or is simply considering the possibility, you need to be able to base your decisions on accurate and up-to-date information.
The last thing you want is to make choices based on insufficient data. Unfortunately, some resources provide misleading or insufficient information on the taxes and local wages businesses would have to pay if hired internationally. This can make it difficult to understand the costs involved accurately. That’s why finding a resource that provides reliable, up-to-date information on taxes and wages in different countries is so important.
Making the Decision to Expand Internationally
Business owners and C-level executives — we’re thinking of you! When hiring employees and contractors across the globe, you may not be choosing the most cost-effective country.
- Do you know which country is the most cost-effective place to hire employees?
- What are the cost of entity establishment and legal representation?
- What are the payroll costs and management fees?
- What are your ongoing annual tax compliance costs?
- Are you fully aware of banking implications?
- Did you know that labour laws and hidden costs could make your company less efficient when choosing a country to run your business?
- Did you know that there could be a more cost-effective country to hire employees in and save up to 50%? This is because different countries have different labour laws and benefits.
What if, instead of limiting your company’s international expansion by cutting through the jungle of local regulatory compliance, tax, labour, and immigration requirements, you could have all the information of 190 countries at your fingertips?
The Right Global Employment Solution Will Drive Value for Your Business
Acumen International has solved most of the above challenges by Introducing the Express Global Employment Platform that provides companies with the tools they need to expand abroad while minimizing their risk exposure.
We developed a scalable and fully automated solution that works seamlessly across the entire organization. Our global employment cost and compliance risk assessment technology can drive value for your business today and tomorrow.
The Express Global Employment Platform is designed to help our clients instantly make complex global hiring and compliance decisions, streamlining and simplifying their international journey.
It also helps companies reduce risk, increase engagement, and remove traditional hiring and compliance friction points such as lengthy paper processes or in-country domestic approvals.
The Platform comprises a Global Payroll Calculator and a set of built-in Navigators, which let you understand global employment, tax, and compliance costs instantly and support your data-driven expansion decisions.
Express Global Employment Platform for Quality Global Expansion Decisions
Express Global Employment Platform is our flagship, unified solution for managing international employment, talent mobility, payroll, benefits, and compliance. Fully automated and fully compliant, Express Global Employment platform powered by our in-house worldwide employment experts and global partner network across 190 countries.
Express Global Employment Platform is intended for organizations of all sizes, from small businesses to global enterprise organizations, helping them grow faster, mitigate risks, lower employment and hiring costs, and scale.
Express Global Employment Platform provides business owners and leaders with the resources to globalize quickly and easily, suggesting the least complicated way to get started in countries where they want to grow.
Express Global Employment Platform allows easy access to compliance data for employment laws in every country. The platform tracks hiring compliance regulations and taxes, employee compensation methods and benefits, security regulations, and other information that will help businesses expand internationally across 190 countries.
Who Can Use the Express Global Employment Platform?
The platform is designed to provide a comprehensive overview of the global workforce for the following teams:
Founders: Founders can use EGE to gain a deeper understanding of the global hiring process through EGE’s insights on international market expansion opportunities. They can also use EGE as a source of information on international regulatory requirements to help them make strategic decisions about their company’s growth plans.
Operations teams are responsible for making sure that your business can still operate smoothly even when you’re expanding into new markets or hiring new employees from different countries around the globe. This means that operations teams need tools that allow them to manage payroll across borders without access to every country’s disseminated labour law resources.
HR Management Team
The Express Global Employment Platform is for you if you have a multinational organization. It simplifies the legal and operational aspects of global expansion. It’s a one-stop shop for managing your entire international operations from one convenient location.
Legal and Compliance Team
Legal and Compliance teams have access to an online hiring compliance toolkit that guides them through each step of the employment process in every country they operate in. It allows them to manage their HR compliance efficiently through one central location, regardless of the number of employees or locations. The platform facilitates easy navigation, making it easy to find any HR compliance information you need in seconds.
Finance Teams can use our integrated financial, tax, and payroll tools to control employee expenses in multiple locations and manage payments to employees.
HR Service Providers
- HR Outsourcing
- Contingency Employment
- PEO (Professional Employer Organisation)
- EOR (Employer of Record)
- GEO (Global Employer of Record)
- Payroll provider
Streamline Your Global Journey with Advanced Global Employment Tools
Express Global Employment Platform tackles the most significant international expansion challenges offering a vast array of built-in tools that can help you control costs associated with your global growth and enhance its efficiency.
The tools can be used together or individually — this allows our clients and network partners to tailor the solution to their needs and eliminate unproductive friction thanks to a single All-in-One EGE Platform.
Global Payroll Calculator
If you’re considering expanding your business by hiring employees in another country or two, you’ll need to know the employment costs. Acumen International has created a Global Payroll Calculator to help you compare the taxes, fees, benefits, and other factors that come into play when making hiring decisions. This tool ensures you’re getting the best bang for your buck regarding new hires.
The Global Payroll Calculator estimates the cost of employing staff in different countries, helps businesses evaluate the employer payroll and tax burden, and understand the compliance requirements for conducting business in a new country.
Global Payroll Calculator is the ideal international employment cost prediction tool to help you estimate the costs of employing staff in other countries, including employer and employee taxes. It allows you to stay on budget and avoid surprises when expanding Internationally.
Our research team tracks developments in 190 countries around the globe. It gathers up-to-date data on local regulations related to tax, payroll regulations, benefits, hiring practices, compliance requirements, and other labour-related factors that impact an employer’s bottom line.
The Global Payroll Calculator leverages unique up-to-date data collected by Acumen’s expert in-house team research of over 1500 official government sources and validated with local lawyers, compliance experts, and accountants.
Global Payroll Calculator helps companies minimize labour costs while providing up-to-date information on hiring, compensation, and tax requirements across 190 countries. It is also ideal for rapid global employment.
An advanced version of the Global Payroll Calculator is integrated with Acumen’s industry-leading Express Global Employment Platform. Global Payroll Calculator provides accurate estimates of an organization’s international intake, accounting for relevant factors Such as salary levels, taxation rules, hiring requirements, and other legal standards across multiple jurisdictions.
Benefits Global Payroll Calculator Brings to the Table
Global Payroll Calculator enables you to explore and test new markets, make informed decisions about where to base your business, plan foreign employment budgets, help minimize payroll tax and employee wage costs, and decide where to establish your business most cost-effectively.
You can get instant estimates of the total employment cost for a local worker or ex-pat in any of your target countries, broken down by all in-country employee and employer taxes.
With Global Payroll Calculator, you have the power to estimate the labour costs of your organization in a matter of minutes — without leaving your desk. Compare the time it takes to produce an employment cost estimation with manual methods or the number of hours spent on finding a local service provider — and you’ll see that this is a tool you couldn’t do without.
Our unique global employment cost estimate tool helps businesses better anticipate the costs of expansion internationally. It also helps reduce the risk of investing in new markets and ultimately enhances your company’s international growth strategy.
There are a lot of tools for managing labour data, but most are either incomplete or complex. You need something simple and easy to use to get a complete picture of labour costs and taxes that can make strategic decisions about hiring across 190 countries. Global Payroll Calculator gives you a tool to make all your estimates and forecasts with only a few clicks.
Global Hiring Navigator
Expanding your business overseas is a great idea. However, using staff in different countries can be hard to predict the risks and anticipate the costs of expanding operations. Navigating the legal complexities of global employment can be difficult, especially for businesses going abroad for the first time.
The employment law landscape is constantly changing and becoming more complex, making it difficult for multinationals to keep up with compliance.
The Global Hiring Navigator sets out the employment law rules on hiring and dismissal in 190 countries. It is designed to help organizations navigate the complexities of the ever-changing employment law landscape and make informed decisions about hiring and managing employees worldwide.
It contains a summary overview of domestic employment laws without a specific industry focus, helping you find answers to some less obvious or in-depth questions, including the following.
- When you hire someone (onboarding), do you need to set up a legal entity?
- What is the process of permanent establishment?
- Is a written employment contract mandatory? Does it need to be in a country’s official language?
- Is it allowed to include probationary periods in the employment contracts?
- Is it possible to do hiring checks (reference, education, medical, criminal background checks)? Is consent of the individual required?
- Do executives fall under the same employment laws as regular employees? Or are they fall outside the scope of specific labour laws?
- Termination of employees (offboarding)
- What is the notice period or payment?
- How is the payment of a severance regulated?
- What procedural requirements may apply (dismissal, approval, etc.) How to anticipate the dismissal cost?
- What is the notice period, and how to pay out a severance indemnity?
- How do I pay maternity/paternity leave?
- What is the vacation accrual or the ability to monetize vacation?
Choosing Your Best Global Hiring Method
You’re about to open your next big step towards global domination in an overseas market. After determining the talent level you need, your next step is to decide which international employment method is best for you.
Whether you’re getting ready to open a location or hire employees, the method you expand into an overseas market is unique and can play a huge role in capturing the market comprehensively.
- Foreign Independent Contractors
- Non-Resident Employer (NRE)
- Foreign Entity Establishment
- Global EoR (Employer of Record)
- International PEO (Professional Employer Organisation)
There’s no one-size-fits-all approach. Each method supports growth in different ways — from helping you manage your payroll taxes to finding reliable HR partners for your business.
There are a few key things to consider when choosing an employment method for your company’s global expansion:
- Budget and time frame
- Tax implications
- Employment liability
- IP protection
- Asset acquisition.
Global Hiring Navigator will tell you everything you need to know about expanding into foreign markets – from complicated, multi-jurisdiction registration to the pros and cons of any particular hiring method.
Foreign Employment Cost and Risk Control to Gain a Competitive Edge
Finding the correct employment costs data can be confusing and time-consuming, especially if your business is thinking of expanding internationally.
Employee compensation, payroll taxes, and benefits vary dramatically from country to country. Costs will vary depending on the country you wish to operate in. For example, in Argentina, companies are mandated to pay workers at least two holidays per year, while UK-based staff is entitled to an unlimited number of paid holidays.
Why pay 100% more for labour when dealing with a foreign entity? Expand into new markets without increased risk, learn legal frameworks that apply to you, and get the support you need. Express Global Employment Platform is a one-stop resource for every aspect of global hiring management and compliance.
There is no need to get a degree in international employment law — the Express Global Employment Platform helps reveal the truth behind common misconceptions about hiring international employees. Use our Global Hiring Navigator to effortlessly navigate the maze of labour, compliance, and compensation regulations associated with employing staff overseas. You can gain a competitive edge over your competition by accurately budgeting for the tax, social security, health care, and retirement payments with foreign employees.
Curated Labor Law and Cost Control Compass
The Global Hiring Navigator is a complete and accurate solution for businesses seeking to alleviate the complexities associated with global hiring and compliance, including immigration and relocation costs, payroll tax, and employee wage rate changes.
Acumen’s research team tracks developments in 190+ countries around the globe. It gathers up-to-date data on local regulations related to tax, hiring practices, compliance requirements, and different legal standards across multiple jurisdictions that impact an employer’s bottom line.
Global Compliance Navigator
If your business is going to expand internationally, it must ensure that it complies with all applicable employment laws.
With the complexity of employment laws and their different interpretations and local specificities in multiple countries, expanding internationally can be risky if you’re unaware of these risks.
With compliance risks coming in from every corner of the multi-location employment ecosystem, hiring compliance can no longer be just a “Send It to Legal” for review in the final stages of the international expansion journey.
The burden of navigating complex tax, regulatory, and compliance environments. Getting it wrong is costly.
Express Global Employment Platform offers a suite of products to manage and automate compliance processes across your borderless global workforce. It provides an easy way to access compliance data for employment laws across 190 countries, enabling you to identify your crucial employment risk areas.
With Global Compliance Navigator, you’ll get ahead of the game regarding international hiring compliance. It empowers you to identify and mitigate risks related to regulatory compliance, such as employer misclassification risks: We cut through complexity, saving you time, effort, and money.
Express Global Employment Platform helps you keep track of the regulatory landscape and move ahead without worry since all global employment policies and procedures are up to date in 190 countries worldwide.
On top of that, Express Global Employment Platform empowers you with the ability to automate employee and contractor processes, compliance, and tax and benefits administration globally.
Global Mobility Navigator
Global expansion is both an opportunity and a test for companies. On the one hand, it’s a chance for companies to explore new markets and grow their business. On the other hand, failure to do adequate market research or recognize cultural differences can lead to problems. You’ll need the right mix of resources — including finance, HR, legal, compliance, and operations — in your back pocket before embarking on any global expansion plan.
We know that companies and entrepreneurs — those who need the help of foreign talent — can face complex challenges in international employment, immigration, visa process and extensions, work permits, employment options, and other issues related to global mobility. We specialize in global mobility programs that help companies with their employees’ relocation, financial, and compensation aspects. We work with businesses to ensure a successful transition for all parties involved.
We want to change this by providing the Global Mobility Navigator — the solution that makes global employment easier, cheaper, and more efficient
Mobility Navigator is designed to make the immigration application process a breeze. It gives you the tools to instantly navigate a migration law’s complexity, including high-quality services like legal assistance, visa applications, and work permit sponsorship.
With Mobility Navigator, you can explore your immigration options, information on visa laws and work permit options and regulations, support during employment overseas, and more across 190 countries.
Mobility Navigator streamlines the immigration process for businesses and their international employees. With its intuitive dashboard, Mobility Navigator gives companies complete control over all immigration matters, enabling them to focus on what they do best: running a successful business.
We take the stress out of your journey and ensure you avoid pitfalls and problems for a happy and productive global journey. Relieve the anxiety and planning issues when you relocate or expand internationally. Mobility Navigator is the immigration and workforce relocation partner you need to keep your business afloat!
Acumen International Complete Global EOR and PEO Solution
As your organization looks to expand globally, many potential benefits will be gained. However, before these benefits can be realized, many companies face various challenges. By being aware of these potential hurdles, your company can be better prepared to overcome them and reap the rewards of global expansion.
Acumen International is a leading provider of global EOR and PEO services, offering secure and efficient solutions for businesses that need to manage international payroll, HR & benefits administration across 190 countries. Our full-service management solutions are tailored to each client’s needs and can include everything from legal talent employment to benefits management and compliance to payroll and taxation.
- Processing Immigration requirements
- Visa applications & extensions
- Work permit sponsorships
- Streamline onboarding, benefits, payroll, PTO
- Local labour law compliance
- Audit-proof compliance requirements
- Employee benefits management
- Handling employment contracts, terminations, and compensation
- Processing medical insurances and benefits
- Payroll, including year-end tax statements
- Relocation services & housing
- Benefit management
- Special needs or requirements
- Multi-country employment without limitations
- Handling contract worker and ex-pat workforce management
- Compliant employment or termination within 72 hours.