Five ways a Global Employment Solution model can help you Build Your Global Team

Every year, businesses around the world are increasingly dependent on third-party organizations to provide essential services to stay competitive in today’s market. The need for improved services at a lower cost has led leaders to the conclusion that to grow sustainably, you need the expertise of a Global Employment Solution.

Welcome to the Ethical Source, where we explore the A-Z of building global teams, CX news, and the future of outsourcing. If you are new to the world of ethical outsourcing this newsletter is for you.

This week’s edition: The Benefits of a Global Employment Solution

How does this model work?

Global Employment is Boldr's take on the model known as Employer of Record. It is a compliant hiring solution created for businesses that want to establish a new legal entity.?

Businesses opting for a GES, build a global team without having a registered company entity in the locations where they wish to hire. With a GES partner, all employment responsibilities for team members in different jurisdictions are taken care of, ensuring full legal compliance.

This means that every professional is hired on behalf of your GES provider. Your partner oversees sourcing, hiring, managing payroll, paying taxes, and providing your new team members with the equipment they need to perform their jobs successfully.?

In essence, you would be responsible for managing their workload, tasks, and their everyday role while being able to control your team’s growth. GES allows you the flexibility to modify duties and scale sustainably while saving time and resources.

Benefits of a Global Employment Model

1. Payroll Simplification: A GES partner is responsible for managing payroll, which includes calculating wages, withholding taxes, sending payslips, and solving issues.
2. Compliance and Risk Management: In this model, your service provider handles legal compliance and risk mitigation associated with employment regulations in different jurisdictions. They ensure that all employment-related obligations, including taxes and labor laws, are met, reducing the risk of non-compliance penalties.
3. Faster Hiring: Sourcing, screening, and hiring can take up much time and resources, especially when expanding globally. With a GES, the burden of these tasks is lifted as the provider takes charge of recruitment processes, allowing you to focus on core business functions.
4. Flexibility and Cost Savings: GES partner is more flexible than other outsourcing models like BPOs, allowing you to offer the flexibility to quickly scale your team, adapting to your needs, without being tied down by long-term commitments or fixed overhead costs

Scaling sustainably with a Global Employment Solutions partner

In 2021 Babylist, a baby registry and e-commerce shop company, was looking to partner with an outsourcing company. An important criterion was that they needed to maintain control over their culture while retaining at least 80% of their internal team members.

When Babylist partnered with us they went from working with 20 contractors in the Philippines to building a team of 100 customer support specialists who collaborate across different departments, performing different tasks. The flexibility of working with a GES partner allowed them to scale sustainably while getting to have a part in their team members’ growth, leading to higher retention rates.

If you are interested in learning how a Global Employment Solution helped other companies improve quality and streamline their global employment operations, check out this case study.

Stay tuned for our next article!