Global Employment Outsourcing Services (GEO)

What is GEO and how can it help my business?

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
• Employee benefits
• Foreign exchange and in-country money movement
• Employment contracts
• Insurance
• Local laws
• 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 employment 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.