A shortcut for you to expand and grow
A PEO (Professional Employer Organization) provides comprehensive HR solutions, handling payroll, benefits, and compliance for businesses, allowing them to focus on core operations.
What is a Professional Employer Organization (PEO)?
A PEO acts as a third-party employer of record on behalf of their clients.
This means that all the global HR-related functions including payroll, tax, risk, management, employee placement, and retention are taken care of.
While there are a variety of options in the market for businesses to pursue when expanding globally, we are unique in that we are a human-focused organization which is run by humans!
We believe that employee satisfaction should be at the very core of global expansion. Why? Because successfully engaging new markets is nothing without the people on the ground delivering the work.
Take your business to the next level
So, you’ve decided it’s the right time to take your business to the next level and expand into a new global market.
However, you soon find that complex and ever-changing employment law is a challenge, and that not keeping up with the latest relevant HR regulations and rules can be detrimental both financially and personally for your business.
Using a PEO removes the constant and increasing burden of HR-related functions that are required to successfully expand into the global market. It allows you to focus on the important things, safe in the knowledge that your global affairs are being handled, and that your overseas employees are happy with everything that they need.
Why your business should hire & expand globally
Access a larger talent pool
Expanding globally opens up opportunities to tap into a diverse and extensive talent pool. By hiring internationally, companies can access skilled professionals from different cultures and backgrounds, bringing fresh perspectives, ideas, and expertise to their teams.
Increased market reach
Expanding globally allows companies to access new markets and customers. By establishing a presence in different countries, organizations can diversify their customer base, reduce dependence on a single market, and potentially increase revenue streams.
Competitive advantage
By expanding internationally, organizations can gain a first-mover advantage in new markets, adapt to emerging trends, and stay ahead of industry developments. It provides an opportunity to learn from different markets and implement best practices across the business.
Cost efficiency and scalability
Companies can set up operations in countries with lower labor costs or take advantage of tax incentives. Expanding allows businesses to scale their operations effectively, leveraging the economies of scale that comes with global growth.
Diversification of risk
By operating solely in one country, companies are exposed to risks associated with local economic conditions, regulatory changes, or political instability. Expanding globally helps mitigate these risks by diversifying operations.
Innovation and creativity
Hiring and expanding globally fosters a multicultural and inclusive work environment, which can lead to increased creativity. Different perspectives, experiences, and ideas from employees can spark innovation and growth.
Why should you outsource this function to Procorre Global?
There are countless requirements that need to not only be set up, but also maintained, for businesses to be fully compliant overseas. This workload can often seem endless.
Carrying out this work in house is both time and resource heavy and incredibly inefficient, especially when it comes to recruiting and managing your talent.
With a PEO, you save not only the cost of recruiting but also the risk and responsibilities that come with hiring. You can be sure your money isn’t being wasted hiring the wrong people for your business.
Plus, our PEO service provides a single point of contact for any information or queries your employees may have, along with access to a third-party Employee Assistance Programme, for any personal concerns that they may have.
Using a PEO service means your business will see an increase in productivity, profitability, and revenue as you are able to focus less on HR burdens and more on growing your business.