GEO is an acronym for Global Employment Outsourcing. These services are provided by international employment companies that can act as a legal Employer of Record (EOR) and help you navigate HR complications when...
Performing work in a country where your company may not be registered
Setting up a new legal entity
Understanding labor laws and tax implications in-country
An Employer of Record is an organization with the legal responsibility for labor compliance. This is especially important when operating in a country where your organization does not formally have a local entity.
An Employer of Record can support you with:
Payroll and tax administration
Foreign exchange and in-country money movement
Immigration or visa/work permit processing
What are the benefits of outsourcing global employment?
Outsourcing your employment requirements to a global specialist will result in several operational efficiencies.
1. Quickly enter new markets
By working with an internationally diverse GEO company, you can quickly enter new markets without the need for establishing local entities.
Operating in multiple countries can be overwhelming for growing organizations. Navigating compliance, tax implications, and frequent immigration changes reduces your ability to focus on long term talent strategy.
Partnering with a supplier that has a detailed understanding of compliance can help you concentrate on growing in your new market.
2. Cost-effective and streamlined HR
Employment and compliance challenges are multiplied when your costs escalate from managing multiple suppliers or recruiting HR specialists.
There is a high cost associated with opening an entity in-country. It often makes more sense to leverage another company’s footprint to ease financial burdens.
Outsourcing enables you to work with a single entity while removing the need to maintain an expensive in-house team.
3. Improved productivity and communication
An outsourced global employer organization can provide one contact for all inquiries.
This increases efficiency and ensures issues are dealt with quickly while reducing the need to engage multiple stakeholders.
4. Remain compliant, reduce risk
It is important that a workforce is not only mobilized quickly but legally. The need to stay on top of legislation is imperative to the success of any global company.
A GEO specialist with in-depth local knowledge ensures your workforce is compliantly managed. Wherever in the world you choose to operate.
5. Accurate and reliable payroll
Maintaining in-house finance and international payroll teams can be expensive and difficult for clients without a permanent base in-country.
A GEO company can manage local/national income tax and social security payments on behalf of each employee. They should also make sure that this money is deducted from their salary and paid directly to the tax authorities.
Could employment outsourcing help your business to expand?
As a staffing agency with over 40 years in workforce solutions and 7,000 employees, we’ve been there. We have experienced the hardships of global expansion. We have also had the pleasure of helping thousands of global companies to grow in new markets.
At Airswift, people are at the heart of everything we do and employee care is our specialty. With over 60 offices globally and operations in 130 countries, we know people and their needs.
Airswift can act as a fully integrated outsourced global employer organization, working side-by-side with clients. This eases the burden of in-house human resource teams by managing the entire process on their behalf.
Our global mobility specialists are trained to understand the local tax and social security requirements of their region. We also engage professional advisors to ensure that the advice provided is 100% accurate.
When you outsource to Airswift, your employees will be paid accurately, on time, and in accordance with local tax regulations. No matter where they are located.
We specialize in handling the toughest immigration challenges, logistical hardships, and complex employment laws. It’s what we do. Let us share our experiences and support your growing needs where you need it most.