A business that provides Global Employer of Record services is typically one that has already established a local legal entity or a partner in the target country. This company manages hiring local workers and payroll, tax, and benefits administration on behalf of its clients based outside the country. The client retains control over employee job duties and performance management. Employer of Record arrangement is generally used as a short-term solution for one or two years. It may sometimes continue for several years, depending on the country and situation.
Global Employer of Record (EOR) offers a streamlined solution for companies expanding internationally, handling complex employment laws and administrative tasks.
It operates across multiple countries, providing a unified solution for managing international staff, unlike traditional single-country EORs. Global EORs handle legal employment responsibilities like payroll, tax, and compliance with local labour laws, allowing companies to focus on core objectives.
They offer expertise in local employment practices, eliminate the need for local entities, and are cost-effective. Global EORs are ideal for companies exploring new markets or needing agile workforce strategies, offering flexibility and minimising risk. They act as strategic partners in international expansion, ensuring efficiency and compliance.
Flexible and Strategic Market Scaling with Global EOR
Global Employer of Record services blend customisation and agility, making them ideal for dynamic market entry and exit strategies. These services are designed to adapt to a company’s specific needs, allowing for scalable solutions aligned with their growth and expansion plans.
Businesses can swiftly respond to changing market conditions, scaling their workforce up for market testing and expansion or down for efficient market exit. This flexibility minimises risk and maintains the company’s tax structure and corporate governance framework.
The result is a streamlined, compliant, and strategic approach to global workforce management, enabling companies to navigate international markets more easily and effectively.
Global Employment Services in the Bahamas
Global expansion can be a complex and costly undertaking for any business, particularly when onboarding hybrid talent (foreign and local employees) in foreign countries. In many cases, complying with local laws and regulations requires establishing a legal in-country business entity—a process that can take significant time and resources that some employers may not be ready to invest.
To help your organisation compliantly onboard, pay, and manage a workforce in the Bahamas, Acumen International offers a global employment solution via our Global Employer of Record (EOR) designed to help you circumvent the legalities of direct hiring, eliminating the need for you to establish a legal entity in the Bahamas to conduct business there and letting you focus on expanding your operation in the Bahamas without worrying about the administrative details.
With our integrated Global Employer of Record (EOR) solution, you can take advantage of our company’s global infrastructure to establish a fully operational and compliant presence in the Bahamas while maintaining your HR practices and corporate culture.
When Should You Rely on a Global Employer of Record
Global Employer of Record (EOR) providers offer a comprehensive suite of HR consulting services to support businesses with their global expansion efforts. These services can help companies navigate the complexities of international employment law, manage their global workforce efficiently, and ensure compliance with local regulations.
Here are twelve key scenarios where their assistance can make all the difference.
1
Unhappiness with the Current Provider
You have hired an employee but are unhappy with your current service provider and looking for better options.
2
Contractor Compliance
You have decided to hire an independent contractor instead of a full-time employee, and you need help ensuring compliance with local labour, tax, and immigration laws.
3
Quality Improvement
You seek to enhance the quality of employment services while avoiding the risk and hassle of dealing with multiple service providers in different jurisdictions.
4
Budget Constraints
Your company can no longer afford to maintain a fully-fledged legal operation in the target country and needs a more cost-effective solution.
5
Temporary Projects
You have a temporary or short-term project in a foreign country that does not warrant setting up a full legal entity.
6
Hiring Foreign Workforce
You must hire a foreign workforce for a new international project and ensure legal compliance.
7
Business Transitions
Your company is undergoing a business transition such as mergers, acquisitions, or shutdowns, and you want to ensure smooth and compliant employee transitions.
8
NGO Staffing
You are an NGO that needs to hire professionals in different locations across the globe quickly.
9
Interim Employment Solution
You are in the process of establishing a legal entity in a foreign country but need an interim solution for hiring and payroll.
10
Scaling up Operations
Your company is rapidly growing and needs to hire in countries where you don’t have an established presence yet.
11
Remote Work Expansion
You want to leverage the global talent pool by enabling remote work, but you need help with the employment regulations in each worker’s country.
12
Reducing Legal Liability
Your company wants to reduce potential legal liabilities related to international employment and seeks expert assistance.
All-in-one Global Employment Solution in the Bahamas
Express Global Employment provides comprehensive services for building a global team, handling all aspects from hiring to compliance. Here’s what we can do:
All-In-One Global Employment Solution in the Bahamas
Employing globally is no longer a maze of local setups and legal hurdles. With Express Global Employment, you can build a global team seamlessly. Benefit from our comprehensive, compliant, and efficient global employment solutions that eliminate the complexity of international hiring. From contract generation to seamless integration, we ensure that your expansion is as limitless as your ambition.
Global Mobility Support
Our global mobility support is about turning complexity into simplicity. We expedite onboarding and immigration procedures, ensuring your global talent is ready to engage and deliver results swiftly. By eliminating red tape and administrative burdens, your team can focus on what they do best, propelling your business forward in every corner of the globe.
Global Payroll & Benefits, Handled
Financial well-being is critical to employee satisfaction. That’s why we navigate the intricacies of international payroll and benefits with expertise. Our solutions offer your workforce a competitive and fully compliant financial package, wherever they may be. With Express Global Employment, you can assure your team that their compensation is globally competitive wherever they are.
Borderless Expansion, No Entity Needed
Launch your workforce in 190 countries without the burden of establishing local entities. Our all-in-one global employment solution allows quick, compliant onboarding and talent management. You can immediately scale up your operations and seize international opportunities with Express Global Employment as your guide.
New Markets. Zero Risks.
Expanding your business’s horizons should not multiply its risks. Protect your global ventures from compliance pitfalls with our expert guidance. We manage the complexities of employee classification and permanent establishment risks, ensuring that your expansion is secure and strategically sound. With us, new markets mean new opportunities, not new worries.
Global Payroll Calculator Helps You Streamline Global HR Operations
By creating the Global Payroll Calculator, we’ve done the global payroll and tax math and compliance for you.
Eliminate the time-consuming and costly process of doing your manual calculations.
Gain instant access to up-to-date salary cost breakdowns based on local tax laws and regulations and update in real-time with the latest employment and tax legislation changes across 190 countries.
Stay compliant on all international payroll matters, including local taxes, labour rules, and benefits.