Wednesday, January 10, 2024

Considerations When Taking a Business Global

©iStock/WANAN YOSSINGKUM
There are many considerations to be made when taking a business global.

On the payroll and human resources end, important considerations involve understanding the potential labor costs, making sure the company’s culture and employee experience are in sync to avoid high rates of turnover, ensuring the business is in compliance with many new tax and labor laws in the country(ies) where the employer wishes to expand, and applying new and emerging technology in ways that will aid the scope of the payroll and human resource expansion.

These are just a few.  There are more.

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