In and two of our Ultimate Guide to Global Expansion series we discussed global expansion benefits and how to create a flexible scalable globalization strategy. Another critical piece to a successful plan is a compliant .Navigating global hiring options is complicated—most countries have different employment laws and regulations and there are severe fines and penalties for noncompliance. …
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Hiring talent overseas means navigating employment laws unique to each market which complicates businesses’ global expansion plans. Along with country-specific employment laws and payroll regulations companies must factor in 13th-month pay. 13th-month pay is a common type of compensation that employers offer international employees on top of base salary. Providing 13th-month pay to employees is …
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Building or growing a global team is an exciting time for businesses. Today’s fast-paced business landscape allows for immediate digital connection across time zones. The instant connection provided by cloud-sharing video conferencing and direct messaging apps gives international teams the flexibility they need to be successful in a global marketplace.However just because the technology is in …
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Setting up a legal entity is the traditional approach to global expansion. It allows you to establish a physical presence in your target market build consumer trust and develop strong relationships with local market players. However entity establishment is a costly and time-consuming process that can strain legal HR and finance teams. Businesses that choose this route must factor indirect …
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The United Kingdom’s Global Talent visa gives exceptional leaders in art academia and digital technology the opportunity to work in the U.K. with a high degree of flexibility and many unique perks.Successful applicants enjoy the ability to freely switch between jobs be employed or self-employed join a fast track to naturalization and many other benefits.At the same time global employers that hire …
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One of the most complicated aspects of expanding into a new country is managing . Since every country has different regulations every country presents a new challenge. German labor law is no exception. If you plan to here’s a basic guide to understanding . Like many nations German labor law general favors employees. The laws governing them include several statuesThe Civil CodeThe Working Time …
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Nearly every country has a visa program for skilled workers to temporarily live in the country. In most cases the workers need to show how they can provide some sort of benefit to the country or fill a need that local workers can’t. KITAS or Kartu Izin Tinggal Terbatas is one such program for Indonesia. Here are six things you need to know about it. 1. KITAS Is a Card KITAS refers to the …
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According to the World Bank from a low-income nation to a high-income nation within one generation. This rapid development comes from sustained economic growth. Thailand’s economy grew at an annual rate of 7.5 from 1960 to 1996 and at a rate of 5 from 1999 to 2005 following the Asian financial crisis. This growing economy draws attention from businesses looking to expand internationally. When …
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China has the world’s largest economy. Its annual GDP growth rate has averaged 9 over the past 60 years and reached an all-time high of 18.3 in 2021. Such incredible economic growth offers multiple benefits for business expansion into the Chinese market. However hiring employees in China poses many challenges for foreign companies. China has its own complex array of labor laws and failing to …
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Globalization is an established part of the modern world so most of us do not realize the benefits it brings to our everyday lives—such as easy access to a variety of different cuisines or new technologies developed by countries half a world away. Even though globalization makes our lives better it brings some challenges as companies start to grow and expand across borders. around the world are …
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