What is Globalization Partners?
Globalization Partners is a company that provides services to help businesses expand their operations into new global markets.
The company offers a range of services, including market research, business planning, employee management and logistics support.
Globalization Partners has a team of experts who have extensive experience in international business expansion.
The company helps businesses to navigate the complex process of expanding into new markets, providing support every step of the way.
The company has helped thousands of businesses expand their operations into new markets around the world.
Globalization Partners is the perfect partner for businesses looking to take their operations global.
What do Globalization Partners do?
Globalization Partners provides the structure and support companies need to expand internationally without setting up their own subsidiary.
Globalization Partners do this by hiring employees on behalf of our clients, managing payroll, and assuming all the legal risks associated with employment in a foreign country.
This allows our clients to focus on what they do best: Running their business.
We partner with companies of all sizes, from startups to Fortune 500s, and have a presence in over 180 countries.
Our global team of over 1,100 employees is dedicated to providing the highest level of service to our clients.
So, if you’re looking to enter a new market or grow your existing international operation, Globalization Partners can help you achieve your goals.
Their mission is to hire anyone, anywhere, quickly and easily with the use their AI-driven, automated, fully compliant global Employer of Record platform powered by their in-house worldwide HR experts with at least 97% customer satisfaction ratings.
What is Global or International Employer of Record?
International Employer of Record is a service that helps companies employ staff in other countries without setting up a legal entity of their own.
It is also known as a Global Employer of Record, or GEO.
International Employer of Record services help companies with the administrative and legal aspects of hiring staff in other countries.
The main benefits for companies using this service are cost savings and less risk to their business.
Many international companies don’t understand how to function in different countries, but there are services that can help them manage their human resources and stay legal and compliant.
For details please read this article.
What is EOR service?
Are you expanding your international workforce?
Are you facing challenges of how to hire, compensate and retain your global talent with 100% compliance?
Employer of Record is here for your help.
According to a study by the US Department of Labor around 30 percent of all employers misclassify their global employees.
US Treasury Department was tasked with generating 9 billion dollars more in federal income and employment tax revenue due over the next 10 years from misclassification mistakes.
The companies with international workforce are much more likely to get audited by the US labor authorities.
Please read the detailed article here.
Comparison of Globalization Partners with other Employer of Record Services Provider
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Globalization Partners reviews FAQs
What are the Pros and Cons of working with Globalization Partners?
Pros:
- Senior Leadership
- Career development
- Other Benefits
Cons:
- Workplace
- Compensation
How might a company benefit from the globalization?
There are a number of ways in which companies can benefit from globalization.
1. One is through increased market access. When a company expands its operations into new markets, it has the potential to reach more consumers and sell more products or services.
This can lead to increased profits and growth for the company.
2. Another way companies can benefit from globalization is through cost savings. When a company sources materials or labor from other countries, it can often do so at a lower cost than if it sourced these things domestically.
This can help improve the company’s bottom line and make it more competitive.
3. Globalization can also help companies become more efficient and innovative. By expanding their operations and collaborating with others around the world, companies can learn new ways of doing things and access new technologies.
This can help them improve their efficiency and competitiveness.
Read about PEO vs EOR in detail here.
What are the risks of globalization for companies?
The risks of globalization for companies are many and varied. They include the risk of losing market share to foreign competitors, the risk of political instability in countries where they do business, the risk of currency fluctuations, and the risk of environmental regulations.
How can companies minimize the risks of globalization?
The globalization of business has led to increased competition, and companies must be strategic in their approach to managing the risks associated with expanding their operations into new markets. There are a number of ways in which companies can minimize the risks of globalization, including:
1. Diversification: Diversifying one’s business interests across multiple markets can help to mitigate the risks associated with any one particular market.
2. Hedging: Hedging strategies can be used to protect against potential losses that may be incurred as a result of fluctuations in exchange rates or commodity prices.
3. Insurance: Taking out insurance policies can help to protect against some of the risks associated with doing business in foreign markets.
4. Local knowledge: Partnering with local firms or hiring employees with local market knowledge can give companies a better understanding of the risks and opportunities presented by new markets.
5. Flexibility: Being flexible in one’s approach to doing business in new markets can help to avoid some of the pitfalls associated with expanding into unfamiliar territory.
How Long Have Globalisation Partners been around?
Globalization Partners founder and Executive Chair Nicole Sahin entered the global marketplace when it was largely undefined.
It was founded in the year 2012.
So, It’s 20 years that Globalization Partners is been around.
Industry leaders noted similarities to U.S.-based PEOs (professional employer organizations), which are worth $169 billion domestically.
Globalisation Partners competitors
Globalization Partners pricing
Well as most of the EORs provide customized solutions, so they can’t give us their pricing upfront.
However you can request their pricing by filling this form.
Also read, about the top 9 best Employer of Record service provider.
What are Globalization Partners worth?
Recently, with the addition of $200m in investment from Vista Credit Partners(subsidiary of Vista Equity Partners ), the company is now valued at a staggering $4.2 billion.
Is Globalization Partners a good company?
According to Glassdoor, Globalization Partners has 190 anonymous reviews by their employees and an overall rating of 4.5 for work life balance, 4.6 for culture and values, 4.3 for Career opportunities, out of 5.
85% has positive outlook for the business while 92% of the the employee would recommend working with Globalization Partners to a friend.
However, the ratings has decreased by 7% over the last 1 year.
Moreover 94% of the employees approve of the CEO.
Where are Globalization Partners offices?
They have offices spread worldwide with Global Headquarters located in Boston and California and Regional Headquarters in London, Ireland, Singapore, and Dubai.
They have presence in over 180 countries around the globe in 6 continents.
How many employees does Globalization Partners have?
The Employees as of October 2022- 1,170, with a presence in more than 180 countries.
Is Globalization Partners a PEO?
Yes, Globalization Partners is a recognized PEO worldwide.
Conclusion
In conclusion, globalization partners is a great way to help your business expand into new markets.
By working with a partner who is already familiar with the local market and culture, you can avoid many of the pitfalls that can occur when expanding into new territory.
The company offers a complete suite of globalization services that can take businesses from start to finish in their expansion journey.
If you are considering expanding your business into new markets or If you’re looking for a way to take your business to the next level, Globalisation Partners can help make the process smoother and more successful, consider working with a globalization partners.