Expanding your operations into a new country can be an exciting prospect, but it can also be daunting. First, before you can hire any international employees, you must have a recognized entity set up in the country.
Establishing an entity is often a complicated and time-consuming process that involves tasks like filing paperwork, opening a bank account, registering with local tax authorities, and obtaining necessary permits. This process can easily take between three and 12 months — and this is without any unforeseen issues.
Once you have your entity in place, employing workers can be a challenge of its own. Your understanding of British labour, tax, and business laws will become irrelevant when you’re operating under an entirely different government. Companies in the UK often consult specialists to assist with these areas at home, so consider how much more assistance you would need abroad where you’re unfamiliar with the local laws.
It’s hard to recognize any benefits of a global expansion when you’re dealing with the administrative burden of global operations on your own. That’s why some companies choose to partner with a global Employer of Record (EOR).
Globalization Partners is a trusted source for UK companies and other companies across the globe that are ready to expand their operations into new international markets. As an international EOR for UK businesses, Globalization Partners is ready to help you expand your operations in over 180 countries around the world.
How Does an Employer of Record Work?
An EOR is also sometimes known as a professional employer organisation (PEO). It simplifies and speeds up the process of global expansion exponentially. Taking advantage of this global employment solution for UK businesses can save you from the headaches of incorporating a subsidiary, familiarizing yourself with local employment laws, and other responsibilities. Instead, you can get up and running in a new country in as little as a few days.
Globalization Partners makes this possible by helping you hire and manage employees through our local entity infrastructure around the world so you don’t have to establish your own wherever you may want to hire talent. When you work with our team, the candidates you want to hire will work for your company even though they’re on our payroll.
This solution also comes with our in-house expertise and the right technology needed to fuel your global business expansion quickly and easily, so you can focus on growing your bottom line.
Don’t worry about spending months incorporating in a new country. Our global employment solutions take the burden of international payroll, tax, legal, and human resources (HR) issues from your shoulders and onto ours. Count on our global infrastructure around the world to make your expansion fast and easy.
Global Employment Services for UK Businesses
Our comprehensive solution puts everything you need at your fingertips on one cohesive platform, including:
- Technology: Our best-in-class software platform allows you to authorise payments and manage a global workforce from anywhere in the world on one convenient dashboard. We ensure all your sensitive information is secure, too, so you can store files in one location.
- Global Payroll: Payroll can be one of the most complex tasks associated with employing international workers. We’ll manage your global payroll, ensuring that every aspect of how you pay your employees is legally compliant.
- Global Benefits: A country’s legal requirements, customs, and what’s considered competitive play into how employers structure benefits packages. Globalization Partners makes it easy to choose a world-class benefits package that fits your employees’ needs and the country’s regulations.
- Global HR Experts: When you depend on our global EOR services, you gain access to our full staff of HR experts and client services professionals who remain on call 24/7.
Keep reading to learn more about these facets of our global employment services and how they can help your company expand internationally and help you manage your global workforce.
Global Employer Of Record Software for UK Businesses
When you invest in our comprehensive solution, you get to take advantage of our proprietary global expansion software for UK businesses. You may have a software solution you use for your local team, but is that technology designed to manage a global workforce? When your UK company is scaling globally, you need a platform that will grow with you and meet all of your needs.
Our platform is that scalable software solution, with one dashboard for all of your teams around the world. From this easy-to-use dashboard that you can view from any device, you can track every employee in your company, no matter where they’re located. The platform also allows you to authorise payments, monitor onboarding documents, and more.
Some key benefits of our global HR software for UK businesses include:
- Secure data: On our platform you can implement role-based security measures that allow you to control access for different team members. This allows you to keep your employees and your company’s data secure.
- Handle onboarding: We help you start strong with new employment relationships. You can create employment contracts that adhere to local laws and easily onboard new employees onto our platform.
- Manage payroll: Our platform features an easy-to-use interface that makes approving payroll for your international employees as easy as pushing a button on your smartphone, tablet, or laptop. You can also conveniently add bonuses or make exceptions whenever necessary.
- Oversee time and expenses: You can quickly approve time and expense requests and keep expense reports in one centralized place so your finance team can easily access this information.
- Manage benefits plans: Our platform also helps you successfully administer benefits plans. Our experts regularly update these plans to ensure they comply with local laws and norms.
- Connect with experts: In the Help Center, you can connect with Globalization Partner experts who can offer answers to your questions and support your global expansion and international HR efforts.
- Plan new expansions: When you’re planning to expand in a new country, our platform makes critical information readily available so you can make informed decisions. It also allows you to get a price quote from Globalization Partners for additional services to aid in your new expansion.
Global Payroll for UK Businesses
One of the greatest benefits of working with an EOR is gaining access to international payroll services. Payroll outsourcing allows UK companies to pay employees in any other country across the world without needing a subsidiary to do so. Even if you have an entity that allows you to pay employees directly, managing international payroll can be a complicated task.
Regulations vary by country. For instance, in countries that use a Pay As You Earn (PAYE) system for income tax like the United Kingdom does, employers must withhold the correct amounts from employees’ paychecks. You may also have to make contributions to various social insurance or pension schemes. Countries can also have laws in place that dictate the timing of paying salaried employees, how to handle bonuses, and much more.
If you attempt to manage payroll on your own, mistakes can easily occur, and in some countries, non-compliance could lead to a suspension or even the permanent loss of your business licence. Many UK companies with international employees opt for payroll outsourcing to avoid these issues.
The typical outsourcing model involves relying on numerous payroll companies that can each meet certain needs. Using this system means you need to vet each vendor and trust them to execute your global payroll within the country’s regulations. This requirement is a huge time commitment for your company’s HR administration, and you’ll also have to navigate time zones, language barriers, and more. A streamlined global payroll solution is a much better option, and it’s exactly what you’ll get from Globalization Partners.
Our comprehensive solution includes end-to-end payroll management for your international employees. We start by hiring your candidates and adding them to our existing, locally compliant payroll. As a global PEO, we become your employees’ Employer of Record, effectively taking on the risks that come with managing payroll for you.
All we require from your company is a two-month deposit up-front to ensure we can provide on-time payments for all the professionals we’re responsible for. We’ll calculate the standard compensation, including base salary and standing allowances, for every employee. Once you approve that number and variable compensation such as expenses, commissions, or bonuses, we’ll pay all employees on time and in the local currency.
Managing Payroll Through Our Platform
Our best-in-class global payroll software for UK businesses simplifies the complex payroll process while ensuring all your data is safe and compliant.
Some benefits of our payroll management software for UK companies include:
- Access to individual employee profiles, including information on compensation, benefits, paid time off, sick time, and more
- Security options to control who sees the information depending on your needs
- Complete compliance with the General Data Protection Regulation (GDPR)
- A portal for messaging our experts to help you save time and avoid emails
We retain full accountability for when each employee is paid and for meeting all the country’s laws and regulations. When you trust us, you can have complete peace of mind that your employees will be paid on time, compliantly.
Global Benefits for UK Businesses
Another facet of our EOR services is global benefits outsourcing for UK businesses. Benefits are an important part of how you compensate your employees. Some employees may even decide to work for your company or not based on the benefits package you offer. Benefits packages can include various forms of insurance, paid time off, living stipends, and more.
The holiday leave, statutory sick pay, pension, and other benefits you offer your British employees may not meet the requirements or customs in another labour market. Every country — and even sometimes individual municipalities — has its own unique requirements. In some cases, benefits are prescribed by law, whereas other countries rely on the free market to dictate these norms. In some countries, collective bargaining agreements (CBAs) may determine most benefits requirements.
The way to provide benefits also differs across markets. Some countries provide all employee benefits through government programs, while in other countries, such as the United States, benefits like insurance policies are completely privatized.
Needless to say, developing benefits packages on your own can be a time-consuming process. And you won’t know until you begin hiring whether you’ve managed to create a package that competes with offers job candidates might receive from other employers. This makes global employee benefits administration an attractive option for UK companies.
Globalization Partners understands how complex it can be to create the ideal benefits package for international employees when you’re unfamiliar with local laws and norms. That’s why we include international benefits outsourcing as part of our comprehensive solution. We already did the research needed to provide you with country-specific benefits packages to choose from that will fit your expanding company’s needs. This includes both supplementary and full benefits packages.
You can rest assured that all our benefits packages are legally compliant, so you don’t have to risk the repercussions of failing to grant employees the benefits they’re entitled to. Global employee benefits administration is important for your employees and the health of your business. The right benefits plan will attract top talent to your positions, ensure you stay compliant, and help you work without fines or delays.
With Globalization Partners, you can be sure you’re offering a competitive and legally compliant benefits package to all your international employees. Plus, our platform makes international benefits management easy for UK companies, no matter where their international employees are located.
Global HR Support for UK Businesses
You can’t hire and manage employees without a dedicated human resources team. You likely depend on your HR team at home for all sorts of critical responsibilities associated with the employee life cycle. But what do you do when you’re starting from scratch in a new country? You could transfer some of your British HR professionals to your new subsidiary, but even if this plan were feasible, your HR staff would have to learn a whole new set of laws and customs that govern HR practices in the country.
If you choose to forego international HR outsourcing and handle these responsibilities in-house, you should be confident that you understand the local employment laws in detail. Otherwise, you could face fines, legal penalties, and a damaged reputation. That’s why it’s vital to depend on professional global HR services if you don’t know a country’s laws and regulations. A company you can trust, such as Globalization Partners, will help you stay compliant and make your expansion successful. Globalization Partners can help by managing HR functions like:
- Onboarding new hires
- Creating employment contracts
- Handling benefits
- Managing payroll
- Terminating employees
- Storing employee data securely
Each of these tasks must be handled in a legally compliant manner. You can trust Globalization Partners for global HR solutions and support for UK companies like yours. Our best-in-industry legal team and HR experts provide international human resources services around the globe. From creating your employment contracts to running payroll and providing benefits, we’ll manage it all so you can focus on your growing business.
Our 24/7 HR support is always available when you need us so you can get local expertise fast.
Request a Proposal to Get Started With Our EOR Solutions
Globalization Partners offers EOR services so comprehensive that they allow you to manage everything from recruitment to day-to-day management tasks to new expansion plans all on one platform. The combination of our in-country experts and software solution makes it possible for UK companies of all sizes to expand into new markets across the globe. You can diversify your team, reach new consumers, and ultimately grow your business — all without getting bogged down by the complexities companies face when they attempt to go it alone.
When you want to expand, Globalization Partners is there to be a trusted partner at every step of the process. To learn more about how we can help your company with your expansion, request a proposal today.