Globalization Partners review :
What is Globalization Partners
Globalization Partners is a global professional employer organization (PEO) that offers a suite of services to help companies expand internationally without the need to set up their own legal entities in foreign countries. Globalization Partners offers a range of services including global employer of record, payroll management, HR compliance, and more, allowing companies to focus on their core business while Globalization Partners takes care of the legal and administrative requirements of international expansion.
Globalization Partners has a presence in more than 185 countries, and their services have been used by companies of all sizes and industries, from startups to Fortune 500 companies. Their goal is to simplify the complex process of international expansion and enable companies to quickly and easily expand their operations in new markets.
How Globalization Partners different from others
Globalization Partners stands out from other international expansion solutions in several ways:
- Employer of record: Globalization Partners acts as an employer of record for its clients, which means they handle all the legal and regulatory requirements of hiring employees in foreign countries. This saves companies time and resources by eliminating the need to set up their own legal entity or navigate complex local regulations.
- Compliance expertise: Globalization Partners has a deep understanding of the legal and regulatory requirements in each country where they operate. They help clients navigate local employment laws, tax regulations, and other compliance requirements to ensure they are operating legally and effectively.
- Technology-driven approach: Globalization Partners leverages technology to streamline the international expansion process. They offer a cloud-based platform that allows clients to manage payroll, HR, and compliance activities in multiple countries from a single dashboard.
- Scalability: Globalization Partners’ services are designed to be scalable, so they can support companies of all sizes and industries. Whether a company is expanding into one country or multiple countries, Globalization Partners can provide customized solutions to meet their needs.
- Local support: Globalization Partners has a team of experts in each country where they operate, providing clients with local support and expertise. This helps ensure clients are complying with local regulations and that their employees are receiving the support they need to be successful.
What is global employer of record?
A global employer of record (EOR) is a service provider that acts as an official employer for a company’s foreign workers. This means that the EOR takes on the legal and administrative responsibilities of employing workers in a foreign country, including managing payroll, taxes, benefits, and other HR functions. By using an EOR, a company can expand into new markets without the need to set up its own legal entity in the foreign country, which can be complex and time-consuming.
The EOR becomes the employer of record for the company’s foreign workers, but the company retains full control over the day-to-day activities of its employees. This means that the company can direct the work of its employees, set their salaries and benefits, and manage their performance, while the EOR handles the legal and administrative aspects of employment.
Using a global EOR can provide several benefits for companies expanding internationally, including faster time-to-market, reduced compliance risk, and lower costs compared to setting up their own legal entity in the foreign country. Global EOR services are offered by professional employer organizations (PEOs) and other specialized service providers that have expertise in employment law, payroll, and HR regulations in multiple countries.
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What is EOR service?
EOR service, or employer of record service, is a solution provided by professional employer organizations (PEOs) and other service providers to help companies expand their operations internationally without the need to establish their own legal entities in foreign countries. The EOR acts as the official employer of the company’s workers in the foreign country, handling all legal and administrative responsibilities of employment, including payroll, tax withholding, benefits administration, and compliance with local employment laws.
With an EOR service, companies can quickly and easily expand their business into new markets, without the need to navigate complex local regulations or establish their own legal entity in the foreign country. EOR services provide flexibility for companies to scale their operations up or down in response to changing market conditions, while also reducing compliance risk and administrative burdens.
EOR service providers typically have local expertise and knowledge of employment laws and regulations in the countries where they operate, allowing companies to focus on their core business while the EOR takes care of the administrative details of employment. EOR services can be customized to meet the specific needs of each client, including support for recruiting and onboarding new employees, managing employee benefits, and handling employee terminations.
Frequently Asked Questions – Globalisation partners
How Long Have Globalization Partners been around?
Globalization Partners was founded in 2012 by Nicole Sahin, who identified the need for a more efficient and effective way for companies to expand internationally. Since then, the company has grown rapidly, expanding its presence to more than 180 countries and serving clients of all sizes and industries. Globalization Partners has won numerous awards for its innovative solutions and has been recognized as one of the fastest-growing companies in the United States by Inc. Magazine. As of 2021, Globalization Partners has helped more than 1,500 companies expand internationally, providing a range of services including global employer of record, payroll management, HR compliance, and more.
What are Globalization Partners worth?
As a private company, Globalization Partners does not disclose its exact net worth or financial information publicly. However, the company has raised significant funding from venture capital firms to support its growth and expansion. In June 2021, Globalization Partners announced that it had raised $150 million in Series D funding, bringing the company’s total funding to over $350 million. The funding round was led by a group of investors including Insight Partners, which also led the company’s previous funding round in 2019. The funding will be used to accelerate Globalization Partners’ growth and to further develop its technology platform to support clients’ international expansion needs. While it is not possible to provide an exact net worth for the company, its continued success and significant funding suggest that it is a valuable player in the global employer of record and international expansion market.
How many employees does Globalization Partners have?
As of February 2023, Globalization Partners has over 1,500 employees across its global offices, serving clients in more than 180 countries. The company has experienced rapid growth since its founding in 2012, expanding its team to support its growing client base and global operations. Globalization Partners is headquartered in Boston, Massachusetts, with additional offices in the United Kingdom, Singapore, and other locations around the world. The company’s team includes experts in employment law, HR compliance, payroll management, and other areas of international business, providing clients with the support and expertise they need to successfully expand their operations into new markets.
Conclusion
Globalization Partners is a leading provider of global employer of record and international expansion services, helping companies of all sizes expand their operations into new markets with minimal risk and administrative burden. The company has experienced significant growth since its founding in 2012, expanding its team to over 1,500 employees across the globe and serving clients in more than 180 countries. Globalization Partners’ innovative solutions and technology platform have won numerous awards and recognition, cementing its position as a valuable player in the global expansion market. With a commitment to compliance, efficiency, and customer service, Globalization Partners is well-positioned to continue helping companies achieve their international growth goals in the years to come.