Embrace Diversity for Global Growth

Leveraging local hiring and team presence is crucial for a company aiming for global expansion. It enables a robust infrastructure that caters to diverse local needs, facilitating a consistent solution for clients. Engaging an Employer of Record (EOR) helps establish local sales teams in new regions, access developer talent affordably, and create centers of excellence, such as finance functions, thereby enhancing operational efficiency and market reach.

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Simone Nardi, the CFO of Globalization Partners, one of the largest providers of Employer Of Record (EOR) services, joins CJ for a masterclass in expanding internationally. Simone explains the concept of an Employer of Record, how it handles employment-related tasks and obligations for companies going abroad, and how it differs from a Professional Employer Organization (PEO). Together they flesh out a framework for CEOs and CFOs looking to build teams internationally. They talk about everything that goes into hiring great people abroad and doing it in a cost-efficient and strategic manner, including how to budget for an international workforce, staying abreast of changing regulations, using EORs to move employees between countries, considering the fluctuation of currency values, and even exit cost considerations. Simone also sheds light on Globalization Partners’ business model, the different revenue lines that they forecast for, and the metrics they track.

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@cjgustafson222 (CJ)

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TIMESTAMPS:

(00:00) Preview and Intro

(02:12) Sponsor - NetSuite | Maxio

(04:47) Definition of Employer Of Record (EOR)

(06:51) Definition of Professional Employer Organization (PEO)

(11:19) Key Considerations for Expanding Globally

(15:16) Use Cases for an EOR

(16:01) Costs That People Overlook When Hiring Abroad