By Globalization PartnersJuly 2018
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BOSTON—July 16, 2018—Globalization Partners, a Global Employer of Record Platform that helps companies quickly expand into more than 170 countries without the hassle of setting up overseas branch offices and subsidiaries, today announced that it has attained a key milestone: that 90 percent of newly engaged employees will be onboarded via its wholly owned, fully compliant subsidiaries. Through these efforts, Globalization Partners now manages its clients’ global workforce through in-house entities on every continent except Antarctica.
“Having built our own global infrastructure in-house gives us greater control over the legal compliance on the back end of our contracts; over our clients’ employee experience; over GDPR compliance; and it gives us scalability in the technology systems we’ve built for our clients,” says Globalization Partners CEO Nicole Sahin. “Our clients love knowing we have done the hard work of building our platform, end-to-end, navigating every complex detail to make our clients’ global expansions go smoothly. We believe the broad scope of locations where we can directly support our clients’ global growth is a competitive advantage.”
The Global Employer of Record industry—sometimes referred to as the Global Professional Employer Organization (PEO) or GEO industry—is typically comprised of U.S. “global consolidator” companies that primarily operate by sub-contracting services to smaller companies in each country rather than building their own complex global infrastructure. By in-sourcing so much of its global supply chain, Globalization Partners can offer measures of control, scalability, security and compliance both internally and for the client, beyond what subcontracted partners could reliably bring to the table as the industry continues to grow and potentially consolidate. The company supports businesses of all types, ranging from Fortune 1000 companies to small and mid-sized companies.
“We identified early on that it’s important to have full control over the infrastructure that’s necessary to most effectively run our business,” Sahin says. “Our clients love knowing that our legal and Big Four partners around the globe partner with us, due to our high standards and quality control.”
These entities have gone live on a continuous basis as Globalization Partners has experienced extreme growth. Last year, Globalization Partners increased revenue by 50% year-over-year and this year, has already achieved almost 50 percent more new clients in Q2 than it signed in Q1. Additionally, the company doubled its internal total company headcount, resulting in the opening of a new Boston headquarters as well as additional offices in San Diego, England, Singapore, Mexico, Brazil, and India, with new team members also joining in the UAE and continental Europe.
The company finished No. 33 on the 2017 Inc. 5000 list of fastest-growing private companies, after finishing 6th the year before. The company also continually wins awards for a high-performance workforce and a great company culture, and its clients rave about the company. The company’s NPS score is well above average.
“Not only have we built a fully compliant global legal platform that enables anyone to work with anyone, anywhere, regardless of jurisdiction, but also that we’ve done it while building a company our clients love,” Sahin says. “Our team has also truly enjoyed doing what many would say is impossible, according to the awards granted Globalization Partners by independent organizations. We’ve always defined success by the ‘triple bottom line’ of delighted clients, a great work culture and exceptional growth metrics. I could not be more honored to lead a team that continually does everything it sets out to do – and then some.”
About Globalization Partners
Globalization Partners, a Global Employer of Record, helps companies expand internationally into more than 170 countries without the hassle of setting up overseas branch offices and subsidiaries. Through our platform, companies can quickly and easily hire employees overseas without having to navigate complex international legal, tax and HR issues. Whether it’s to test a new market or to expand the talent pool globally, Globalization Partners is the most trustworthy global workforce management solution in the market. We take the burden—and risk—of global expansion off our clients’ shoulders and place it onto ours.
For more information on the latest news and accolades, or to learn more about Globalization Partners, please visit globalization-partners.com.