Managing an emerging workforce is one of the key challenges of international business expansion, and it is more critical without a local entity set up in that particular country. The new normal has also resulted in businesses changing hiring practices and reducing costs where possible, posing a hindrance to international expansion opportunities. However, this doesn’t mean that companies have to put a halt to their international expansion plans despite it being a daunting process.
Even without establishing a legal entity, a Global Employer of Record (EOR) is able to elevate your go-to-market strategy by making it more robust and efficient to drive seamless international expansion. It is also known as a joint employment relationship with an employer by leasing employees to the employer. By partnering with TG as your Employer of Record, we take on your human capital management function to make employee leasing a seamless process for you.
Gain access to a broad pool of international talents and build a skilled workforce without upfront capital expenditures.
If you need to hire quickly, TG helps to scale your business up quickly while keeping up with local labour law compliances. Test new markets before working towards a full expansion and company incorporation.
Hiring remote international workers through TG reduces overhead costs from administrative tasks, such as complying with different in-country laws & regulations. Minimise initial and ongoing cost outlay by streamlining workforce processes.
Engaging in our Global Employer of Record services is a step towards your business success. Our EOR services allow for a robust and cost-effective solution that helps in accelerating your global expansion into other countries. We take care of Human Resource functions as you focus on your business.
Our Global Employer of Record services are inclusive of complying with legalities such as local labour laws. We are experts in ensuring all human resource functions are compliant to give your business the best chance to grow in new markets, while also reducing overhead costs with a structured framework that adheres to localised compliance legislations and culture.
Hiring with an Employer of Record service is a strategic decision as it gives you room to work towards full expansion and incorporation without setting up a physical entity. We provide insights into the latest human resource trends and regulations and insights to help you achieve long-term business success.
The benefits of your workforce matter. In other markets, the regulations can differ, which is where we come in with our Global Employer of Record services. We manage your international employee benefits, inclusive of insurance, compensation, and retirement, among others.
We can provide critical support with our Global Employer of Record services that can drive your workforce, especially payroll processing. Our focus is to ensure your human resource factors are covered end-to-end to give you space to grow your business in other key areas.
Setting up a global workforce means you have different laws that you must comply with. With the new landscapes resulting from the pandemic, additional hiring practices and cost reductions may be required.
Businesses go on despite challenges from uncertain times, which is why we bring attention to the need for a Global Employer of Record (EOR) – it powers your go-to-market strategy through robust and efficient processes, driving seamless expansion plans. A Global EOR helps businesses enter new markets without a local entity, saving them time and money for them to focus on strategic activities. This also creates opportunities for small to medium-sized businesses to enjoy the benefits of big businesses.
TG Group is a Recognised Global Employer of Record, also known as a Professional Employer Organisation (PEO) – these two terms are used interchangeably, and both refer to a service that covers human resource activities such as payroll outsourcing, international recruitment and more.As a PEO service provider, we assist in kick-starting your business expansion plans with our comprehensive suite of solutions that work end-to-end. International expansion benefits much from our solution as you focus on strategic, profit-generating business activities.
Our international PEO service in Hong Kong helps businesses with market expansion by reducing the risks, costs and complex processing required in establishing a foreign entity. While some companies may establish a foreign entity by engaging independent contractors, this method proves to be risky and expensive, leading to penalties if the processes are not followed compliantly.To know if you should engage in a PEO service company in Hong Kong or set up a foreign entity, answer the following questions:
If most of your answers are “no” or you are unsure, it is best to utilise a PEO service in Hong Kong. If you have answered yes, then it is best you establish a foreign entity.
Choosing a PEO service provider in Hong Kong is crucial for companies wanting to venture into other countries. TG Group offers a broad suite of solutions that covers everything you need to start your operations overseas.We are one of the top and largest PEO companies with 100 years of human capital experience in both the B2C and B2B landscape. Our extensive network of partners and regional presence in more than 50 countries allow companies to expand seamlessly and surpass geographical boundaries, especially those brought upon during these unprecedented times.With our strong expertise and proven track record in employing, onboarding, and managing a global workforce, our PEO HR service in Hong Kong effectively addresses complex HR workforce problems and optimises expansion strategies during the new normal.As your PEO service provider, we will become your Global Employer of Record for tax purposes while administratively managing every aspect of recruitment, contract administration, payroll processing, benefits management, and retention. Get started and make an inquiry with us today.
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