Global employment solutions play a critical role in today’s interconnected world. These solutions allow companies to employ eligible individuals outside their current country, which can significantly expand their talent pool and increase diversity within the workplace.
Primary benefits of global employment solutions include compliance with local laws and regulations in different countries, HR support, and payroll management—making it easier for businesses to operate in foreign markets.
Additionally, Multiplier’s State of Work Report | Predictions for HR Leaders in 2024 predicts significant changes in jobs and skills, suggesting that global employment solutions will be crucial in managing these transitions.
In this blog, we’ll delve into the importance of global employment solutions, identifying key factors to consider and comparing the best platforms on the market.
Global employment platform factors to consider
Choosing the right global employment solution is a critical decision that can significantly impact your business’s success in foreign markets. Of course, to ensure the journey from platform to employment is efficient, productive, and reliable, several factors must be considered. Such as:
- Legal and regulatory compliance: Global employment solutions should effectively navigate and understand local labor laws and regulations in the countries where you plan to operate. It should also provide support for compliance-related issues.
- Payroll management and HR Support: The platform should offer comprehensive payroll services, including tax deductions, benefits administration, and salary disbursement in the local currency. Ideally, it should also enable onboarding, benefits management, employee relations, and termination processes.
- Scalability: As technology advances and businesses evolve, adapting resources to meet changing needs becomes crucial. A scalable platform is vital to accommodate the growth and expansion of your business into new markets.
- Cost: Consider the cost of international employment solutions and whether they suit your budget. Remember to factor in any additional charges, such as transaction fees or implementation costs.
- Reputation and reviews: It’s essential to check the reputation and reviews of leading providers, as this will offer insight into how they have benefitted other businesses and highlight inadequacies you may want to avoid.
- Technology and integration: Leveraging modern technology is a must for today’s businesses, allowing for efficient operations and easy integration with existing systems. Global employment solutions have quickly become crucial for companies hoping to implement automation while improving and streamlining hiring and employment processes.
- Customer support: Effective customer support is essential whether you’re buying a global employment solution or any other product/service. Technology can be complex and present diverse challenges, so it’s critical to have prompt and sufficient support when you need it.
- Employee experience: When evaluating a global employment platform, it’s crucial to consider the user interface and user experience. Employees should find it effortless to navigate and use; otherwise, the technology will be a problem rather than a solution.
While it’s important to consider all of these factors, you should remember that there’s no one-size-fits-all global employment solution. The “best” platform will depend on your business’s needs and circumstances, now and in the future. Take the time to do your research and consider all these factors before making a decision.
Comparing top global employment platforms
Now that we’ve covered the factors to consider before selecting a platform let’s evaluate some of the top global employment solutions.
1. Multiplier
Multiplier is a leading global Employer of Record, operating across 150 countries. With our comprehensive solution, you can effortlessly hire and onboard employees, handle their payments, and manage their benefits. Additionally, we offer payments in over 120 currencies, ensuring a seamless experience for your international operations.
With Multiplier, compliance becomes a worry-free experience. Our team of experts diligently handles legal complexities and offers guidance for risk management, and our cutting-edge software is meticulously crafted to safeguard your valuable data. Enjoy peace of mind while we take care of everything.
Key features
- Global Payroll
- Benefits management
- Multi-country compliance
- Employment risk coverage
- Multi-lingual compliant contracts
Benefits
- Affordable pricing as you scale
- Easy-to-use technology
- Round-the-clock support
2. Remote
Despite being pricier than other options on our list, Remote is a solid global employment solution. With its wide range of features, Remote offers a hassle-free experience at a fixed monthly price. Seamlessly manage essential aspects such as payroll, compliance, benefits, and much more with their reliable service.
Key features
- Salary benchmarking for global markets
- Tax and payroll
- Benefits management
- Reporting
3. Deel
Deel is another prominent global employment platform, allowing you to hire talent across 100+ countries while ensuring compliance and safeguarding data. Like Multiplier, Deel empowers you to manage benefits and payroll effortlessly. However, it’s crucial to highlight that Deel does not provide risk management solutions.
Key features
- Multi-country compliance
- Benefits management
- Global Payroll
4. Globalization Partners
Globalization Partners offers a seamless solution for companies seeking to expand their workforce across multiple countries without the need for expensive branch offices or subsidiaries. Their broad suite of services ensures compliant global hiring processes, empowering organizations to scale and thrive effortlessly in the global marketplace.
Key Features
- Global hiring and payroll
- Benefits management
- Contract generation
- Risk management
5. Oyster
Oyster HR is a global employment solution designed to empower companies to hire employees in multiple countries effortlessly. With its user-friendly platform, businesses can seamlessly manage payroll, ensuring timely and accurate compensation for their international workforce. Additionally, Oyster HR streamlines compliance processes, helping organizations navigate the complex legal requirements of different jurisdictions.
Key features
- Global payroll
- Multi-country compliance support
- Benefits management
6. Plane
Plane is an excellent choice for small businesses seeking global employment solutions. With affordable pricing, organizations gain access to essential features that facilitate seamless collaboration across a global team. It is important to consider that as your business scales, the costs may increase accordingly.
Key features
- Global payroll
- Benefits management
- Compliance support
7. Omnipresent
Omnipresent is a versatile global employment platform that offers a wide range of solutions to meet the needs of businesses of all sizes. While some users have mentioned challenges in navigating the platform, they have consistently praised the exceptional customer service provided by Omnipresent.
Key features
- Global payroll
- Benefits management
- Multi-country compliance
8. Safeguard Global
Safeguard Global offers comprehensive solutions for global employment outsourcing, payroll, and workforce management. With their expertise, businesses can streamline their international workforce’s hiring, management, and payment processes, effectively reducing the complexities of managing a global team.
Key features
- Global payroll
- Workforce management
- Multi-country compliance
Success stories using global employment solutions
While you can find out all you need to know about global employment solutions on company websites and social media, customer success stories paint a clear picture of how impactful they can be. At Multiplier, we’ve helped many small and large organizations expand globally and utilize vast talent pools.
Aspire
In their quest for top-notch tech expertise and a cost-effective solution, Aspire came across Multiplier. By aligning with Aspire’s goals and tackling their international hiring challenges, Multiplier proved to be the perfect fit. Aspire expanded its search beyond Singapore and turned its attention to India, recognizing its abundance of skilled tech professionals.
Leveraging the power of Multiplier’s global employment solution, Aspire tapped into a vast pool of highly skilled tech professionals from India. As a result, Aspire expedited the onboarding process for 80 employees, enabling swift operational enhancements and meeting the demands of its rapid growth.
Axero
Establishing a robust compliance plan is crucial to ensure smooth global operations. Axero Solutions experienced the benefits firsthand as Multiplier simplified global compliance while providing an in-depth understanding of employment laws, tax regulations, and payroll requirements across multiple countries.
By leveraging our global employment solution, Axero didn’t need to establish entities in countries like India, Spain, Montenegro, and the Philippines. Instead, Multiplier alleviated Axero from the administrative and HR burdens, providing a seamless experience.
For Axero, this transformed global employment from a cost to a strategic advantage. With the help of Multiplier, Axero can generate locally compliant contracts, navigate specific labor and tax laws, offer local insurance coverage, and ensure legal tax contributions. An approach that reduced the risks associated with cross-border employment.
Choosing the best global employment solution for business growth
Ambitious companies need global employment solutions that enable expansion and the ability to seek talent from anywhere in the world. Not only does it make hiring a breeze, but it also relieves the burden of compliance oversight, benefits management, and payroll processing.
Multiplier’s exceptional platform empowers you with all the necessary tools to grow a global company. Our flexible and budget-friendly pricing options guarantee a smooth and affordable path to help you achieve your goals. Experience a seamless journey toward success with us. Want to know more? Talk to our experts.
Global Employment Solutions FAQs
Q. What services do global employment platforms offer to employers?
Global employment platforms provide a comprehensive suite of services, encompassing remote worker sourcing and onboarding, compliance with employment laws, streamlined payroll processing, HR support, and proficient insurance management.
Q. Are there legal considerations when working internationally?
When conducting business internationally, it is crucial for companies to be aware of various legal considerations. These include tax regulations, immigration laws, and compliance with employment laws. By adhering to these requirements, businesses can ensure smooth operations across borders.
Q. Do global employment services help with work permits and visas?
Numerous international employment services offer comprehensive support for visa and work permit applications, effectively guiding businesses and individuals through the intricate legalities of hiring and working overseas. Their expertise ensures a seamless and compliant process, guaranteeing smooth transitions and successful ventures in foreign markets.
Q. How do I ensure compliance with international employment regulations?
Global employment platforms offer invaluable compliance support, keeping businesses well-informed and up-to-date on employment laws and regulations, thus ensuring strict adherence to them.
