Earlier this year Globalization Partners, in conjunction with CFO Research, surveyed senior financial executives from a variety of industries to learn about the challenges they face when it comes to global business expansion, and how they overcome these barriers.
In this video, Globalization Partners CEO Nicole Sahin explains that while almost all professionally managed companies want to hire a global workforce, a clear majority of CFOs find that legal, HR, or tax compliance challenges are a substantial barrier to their global growth.
Despite these challenges, companies are finding a way to smooth their path to international expansion:
- 94% of executives surveyed believe that a trusted global employer of record (EOR) can do a better job of overcoming these barriers than a typical company can do on its own.
- 83% of executives agree that working with a global EOR is a best practice for relieving the management and administrative burdens of overseas business expansion – which is exactly what we do.
Globalization Partners helps companies expand internationally into more than 150 countries without the hassle of setting up overseas branch offices and subsidiaries. We cover all issues related to compliance; including taxes, benefits structures, and payroll – and we can cut the cost of your international expansion by as much as 94%. Work with us, and we will have your employees onboarded in the countries of your choice in a matter of days.