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Is your company in need of an Employer of Record (EOR) or a Professional Employer Organization (PEO)?

In an ideal scenario, the recruitment of international remote workers would be seamless, free from concerns about compliance and cross-border payroll issues. However, the intricate nature of international law presents challenges for businesses looking to onboard overseas employees. To facilitate global hiring, businesses must collaborate with an employment partner, such as an Employer of Record...

Which option is preferable: Employer of Record or Global Relocation?

 Employing international staff brings various advantages, such as accessing new markets, expanding services, or reaching a diverse talent pool. Based on your business requirements, you can explore different approaches for hiring global workers. One approach involves moving existing employees to the new market through global relocation. Another option is to identify and attract talent in...

WHAT IS THE MEANING OF PEO? |PANDA WORK GLOBAL

Venturing into international markets offers numerous advantages, such as gaining global recognition and access to novel markets. Yet, numerous challenges can impede a business’s triumph, ranging from payroll intricacies to cultural disparities. To guarantee a prosperous foray into a new country, organizations turn to Global Professional Employer Organizations (PEOs) for assistance, addressing aspects from tax...

What is an EOR? Meaning, purpose, and benefits

Organizations are increasingly recognizing the benefits of recruiting employees on a global scale. However, the challenges of hiring, compensating, and overseeing workers in countries where a local legal presence is lacking can pose difficulties. Engaging with an Employer of Record (EOR) emerges as the most straightforward method for companies to tap into a global workforce...

What is a PEO, and what makes it beneficial for multinational enterprises?

International expansion represents the logical progression for many advancing organizations. Venturing into a new territory opens avenues to fresh markets, supply chains, distribution channels, and talent pools. However, alongside these advantages come hurdles such as regulatory changes, time constraints, tax obligations, onboarding complexities, and adherence to HR-related legal requirements. So, how can companies embark on...

The Compilation of Countries Offering ’13th Month Pay’ from A to Z

As your organization expands its presence across more countries, the HR and payroll procedures are likely to grow in complexity. For instance, you might encounter unfamiliar concepts such as the mandatory requirement of 13th month pay in certain countries. This blog precisely delineates the definition of 13th-month pay, its applicable regions, and outlines the corresponding...

How to Select the Optimal Employer of Record (EOR): 6 Inquiries to Consider

The increasing prevalence of remote work offers significant potential for growing companies to attract and onboard skilled, enthusiastic candidates from virtually any country worldwide. Despite the benefits of global hiring, organizations engaging international employees must navigate certain challenges. Employing individuals in countries situated thousands of miles away from the corporate headquarters, where laws, cultures, and...

How to Address Worldwide Risk and Compliance Challenges for Businesses

In the course of international expansion, four pivotal factors demand attention: finance, time, employment, and compliance. These aspects can become intricate and overwhelming, especially due to the intricate language and complexity associated with financial regulations and employment laws. Nonetheless, armed with thorough research, you will confidently venture into new markets, effectively addressing global risk and...

How to Address Global Risk and Ensure Compliance for Businesses

Employment laws differ globally, ranging from straightforward to intricate with extensive technical terminology. Some nations have distinctive provisions; for instance, in Argentina, employees receive an additional month’s salary annually, referred to as the ’13th month of salary’ (though this practice is more prevalent than one might anticipate). What aspects should you be vigilant about? How...

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