This Week in Startups How to hire anywhere in the world (legally) | Finance Basics with Kruze Consulting’s Scott Orn | E1326
Nov 15, 2021
Scott Orn, COO of Kruze Consulting, shares his expertise in finance and compliance for startups navigating remote work. Remote hiring opens a global talent pool, but also raises compliance challenges. Scott discusses the role of Professional Employer Organizations (PEOs) and offers insights on managing salary disparities. He highlights the importance of security measures for remote setups and the critical need for effective tax compliance, especially regarding sales tax and startup obligations. His tips are invaluable for startups looking to thrive in a remote landscape.
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International Hiring
- Hire internationally via subsidiaries or International PEOs.
- International PEOs employ your workers directly, simplifying compliance.
PEO Benefits Shift
- PEOs offer better benefit packages by pooling employees.
- COVID shifted PEO's main advantage to simplifying multi-state compliance.
Canadian Hiring Advantages
- Canadian employees show higher retention rates, possibly due to fewer local opportunities.
- Existing healthcare coverage and a favorable exchange rate offer advantages for hiring in Canada.