The most important thing the pandemic taught us is that solidarity is the strongest feeling humanity can have. The second most important thing it taught us is that we can now work from anywhere! Remote work isn’t just the future – it’s a reality. The funny thing, though, is that remote work now goes both ways – talented people are looking for an option where they get to be home with their kids or family while companies are expanding their borders beyond the physical to hire extraordinary talent from anywhere in the world.
The latter is where a global Professional Employer Organization (PEO) or an Employer of Record (EOR) can come in handy. Allow us to explain.
Hiring someone from overseas is fairly simple nowadays. All you need to do is look up people on a freelancing platform and ta-dah! 1.1 billion freelancers are available worldwide, every single one of them willing to answer your query and get the job done. And don’t get us wrong – freelancing is all fine and good… except for the fact that it doesn’t allow team members to grow and evolve throughout their career path. Lost control over tasks, ongoing workflow difficulties, and security liabilities are a few of the complications that can arise as well. To sum it up, hiring freelancers is not a viable long-term solution for any business. Unless the team members are adopted into the company through a PEO partner.
A global PEO is a business model that allows companies to hire talent in a foreign country by acting as the Employer of Record (EOR). This process lets businesses meet legal compliance when hiring overseas thanks to the EOR’s knowledge on local labor context (such as taxes required and proper salary banding) needed to hire someone in a specific country. Also, the EOR assumes the liability and fulfills the responsibilities of a local employer to the employee, ensuring that the companies hiring the team can focus on managing their team, getting results, and developing the talent they hire.
To simplify, companies use global PEOs to:
This way, if your US-based company wants to expand and hire amazing talent from Asia, you don’t need to invest in setting up a local entity, get frustrated at different taxation practices, or wonder how in the world you’re supposed to remain compliant with payroll. You just need to tap your global PEO partner and get the ball rolling.
A global PEO partner takes care of the following:
At Boldr, we go the extra mile when it comes to our PEO service. We do all of the above, with a few extra bonus features thrown in. Here are some of them:
A fundamental element of Boldr’s PEO solution is the daily management of the teams. Why? Because we let our clients handle it! We help you find and attract the right talent and handle everything on the backend. You handle their growth, daily tasks, and project execution. This builds a healthy relationship that keeps your team members engaged while you focus on nurturing and honing the talent they bring to your business.
At Boldr, we offer global PEO services for the Philippines, Mexico, and South Africa. And unlike other PEO/EORs, we also handle talent acquisition and sourcing for you, taking the recruitment stress out of your hands! We also have plenty of extra benefits for your team members, making sure they’re supported and set up for success.
The cherry on top? We offer a workplace with an authentic, warm, and welcoming culture. We’ll check in on your team members and make sure that they’re supported and taken care of. Or in Boldr terms, that they’re happy, healthy, and successful. After all, they’re our team members, too!
Since we’ve been using both of these acronyms repeatedly, you might be wondering at this point if there’s a difference between PEO and EOR. The answer is yes and no. A standard PEO functions as a co-employment strategy, while a global PEO/EOR acts as an Employer of Record for your company. Confused? Don’t be! We explain everything in this article.
To clarify this a bit further in Boldr terms:
Getting to the interesting part: what are the benefits of hiring a global PEO/EOR partner? In short, what’s in it for you and your team members?
To be honest, this is too interesting a topic and deserved its own article. We outline the basic benefits here, but take a deeper dive into all of the advantages and benefits our global PEO solution can provide here.
Read our full list of benefits in this article!
We don’t like to say we’re different. We prefer to show you why we’re different. We’re a Global Employment Solution, and through our Employer of Record service, we support your entire employee life cycle: from recruitment to retirement. Here’s what you get when you choose Boldr as your global PEO partner:
We know how much this means to you. We focus on understanding your business to recommend the best structure for you.
Finding talent is arduous and difficult. We’ll help you navigate through it to ensure you’re unearthing the unicorns you’re looking for.
Your team members’ success is our success. We’ll make sure they have everything they need to start working.
Your team members can always count on us. We have their back.
We don’t just offer jobs. We build careers.
Creating the best Global Employment Solution is what drives us every day. It allows us to work with great companies and even better people. It gives us the chance to make the world a better place through employment opportunities in communities where talent abides, but the possibility to thrive and work may not. By working with us, you get access to brilliant talent from any of our regions. Meanwhile, you also allow us to carry on our mission to help people grow and connect, meaning that as you grow, we grow with you.
Hire the best talent from Boldr’s markets, today. Learn more about the different global hiring solutions we offer or book a call with us here!