As companies grow and flourish, their desire to expand and reach a wider audience grows. Some business owners make the choice to move parts of their company overseas, including sending employees over for the move to help get the company established. This process is known as global mobility, and not only allows you to expand your business effectively, but can create a great career-building opportunity for your staff. Global mobility during Covid has been near impossible, with flights grounded and whole countries in lockdown. Business plans had to be halted, but what does this mean for the future of global business expansion?
Here at Payroll Worldwide, we’re proud to provide employer of record and human resource services to businesses in Latin America and those wishing to expand to that region. We can supply a concierge service to employees making the move abroad, arranging visa applications and work permits. Covid may have altered the way we work, but it won’t stop us from providing a fully comprehensive, high-quality service you can trust. Covid has impacted all sectors of the world and society, but what does it mean for global mobility?
The Current Impact
Around 27% of business owners have stated how the pandemic has impacted their views on global mobility, and has prevented them from enabling employees to make the move overseas. Some companies have made the choice to allow their employees to start working in their home country in order to prepare for the move, whereas others have said their employees can commute when needed rather than making a full move. Those that already have employees over in other countries have increased their communications; over half of businesses keep in better contact with their overseas employees, ensuring their safety and the smooth running of operations.
In certain countries, tax, payroll, residency rules and social security requirements have all changed, making it harder for HR teams to understand the various rules and regulations that need to be followed. Here at Payroll Worldwide, we can keep on top of these changes, ensuring you are completely compliant when moving abroad. Companies need to keep on top of travel restrictions and other Covid-related changes, and understand that the future of their business in terms of moving abroad may never be the same…
The Future of Global Mobility
The future of global mobility is uncertain, but it can be managed effectively with the help of a professional employer organisation (PEO). Global payroll and human resources requirements have changed, and by not staying on top of the regulations, you could leave yourself susceptible to legal issues. Businesses should also look over policies that they have in place, ensuring the safety and wellbeing of your staff.
The changing of immigration laws, tax and compliance, as well as managing the impact of international remote working can be tricky, but not impossible. Global mobility during Covid has provided many different challenges and opportunities, but by following procedure and keeping on top of any changes, you can prove to your employees that their best interests come above anything else. This can be a great way to retain staff and attract new talent.
How We Can Help
Here at Payroll Worldwide, we can provide an exemplary service to businesses currently in Latin America and those wishing to expand. As well as helping with global mobility, we can work to help your payroll processes and human resources work more smoothly, leaving you to focus on other important aspects of your business.
If you would like to find out more, or to book a free consultation, please give us a call on 07469 892524. You can also fill out our online contact form here.