Professional employer organizations (PEOs) are professional recruitment agencies through which you can outsource your staffing needs. PEOs don’t just act as the regulatory umbrella for your staff members; they can also offer additional benefits to your overseas employees. If you’re looking to expand your business abroad using a lower-cost, lower-risk model, engage the services of a PEO.
As a successful business owner, it’s only a matter of time before you start mapping out a plan for your expansion. As part of your market-entry strategy, you’ll likely be weighing the pros and cons of establishing a branch or subsidiary overseas or incorporating your company in another country. With these options comes the hefty task of understanding and complying with local legal and commercial regulations, and likely, your obligations as an employer.
Thankfully, there’s an easier solution for businesses that are looking to dip their toes in a new market without overwhelming themselves with major investments and a raft of foreign compliance requirements. If you’re looking to expand overseas using a lower-cost, lower-risk business model, engage with a professional employer organization (PEO).
Editor’s note: Looking for the right PEO service for your business? Fill out the below questionnaire to have
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