Welcome to another genuine review by moneyintra.com. Today in this post we will discuss Globalization Partners, the background of this company, and how globalization partners. In this article, we will discuss what is the global employer of record, and what EOR services are.
In this Globalization Partners review, we will look at the company’s services and how they can benefit multinational companies. A global recruiter is a company that faces the legal risks of recruiting in other countries.
For starters, it saves you time and money to set up your own HR infrastructure abroad. Second, it allows you to quickly increase or decrease your staff as needed, without having to deal with the complexities of local labor laws.
Finally, because Globalization Partners are international HR professionals, they can guide you through the complex legal and compliance issues that come with doing business in multiple jurisdictions.
About Globalization Partners
Globalization Partners enables companies to quickly and easily expand internationally across six continents and 180+ countries.
Our Global Employer of Record (EOR) model allows companies to hire employees in as little as a few business days without having to navigate complex international legal, tax, and HR issues, and our AI-powered technology puts the entire process of global expansion at your fingertips.
When companies find top talent, that team member is put on our locally-compliant payroll. We are the most trustworthy solution in the market and offer 24/7/365 premium support services.
We have teams and offices worldwide with global headquarters located in Boston and California and regional headquarters in London, Ireland, Singapore, and Dubai.
Globalization Partners Stats
- Payroll & Compliance in 187 countries
- 97% customer satisfaction ratings
- 180 currencies
- Raised 150M in private equity during 2020
- 480+ employees
How do Globalization Partners Works?
Globalization Partner’s business provides platforms for companies to hire Global Talent in 187 countries without setting up branch offices or subsidiaries.
Through their SaaS-based Global Employment Platform, it becomes easy to find, hire, onboard, pay, and manage team members, quickly and compliantly, to expand growth opportunities for everyone, everywhere – without the hassle of setting up local subsidiaries or branch offices.
What we Recommend Globalization Partners for
Globalization Partners claims a 98% customer satisfaction rate—and after researching its features and comparing it to similar providers offering EoR services, I agree it’s a strong service for businesses that need a knowledgeable third party to handle their international employees.
It offers payroll and hiring services in nearly 190 countries and provides an end-to-end platform with essential tools to support the entire lifecycle of both global employees and contractors. While its pricing is mostly custom, its expansive global reach and services are valuable to companies expanding overseas.
Overall, Globalization Partners is best for:
Businesses expanding into other countries: Globalization Partners makes it easy to onboard talent in 187 countries without setting up an international branch. It also handles payroll and tax management for global employees.
Notably, Globalization Partners ranked in our top recommended international payroll services for its international compliance and digital asset protection.
ADP TotalSource customers considering hiring support staff overseas: If you already use ADP TotalSource as your domestic professional employer organization (PEO) service provider, you can take advantage of its partnership with Globalization Partners if you need to hire foreign employees or send local employees overseas for special projects. Since the two companies are now working together, adding on a service or switching completely should be fairly simple.
Globalization Partner’s Ease of use
- Setup help
- A dedicated team of local experts
- Training articles
- Easy-to-use website
- 24/7 year-round customer support
- In-country specialists
Globalization Partners does its best to make hiring, onboarding, and maintaining international employees easy. As an EoR, it handles many of the tax and legal issues for you, which is a huge plus.
The website itself is straightforward, clean, and easy to navigate. You’ll find country profiles as well as employee information on the site, so you can do research if you are looking to expand into a new country or check on laws in your existing areas.
Globalization Partners sets you up and onboard in as little as a couple of days. It offers training articles and an in-app help section. You also get a dedicated team of local experts to help if you have questions.
How Globalization Partners different from others
| Features | Closest competitors | Globalization Partners comprehensive solution |
|---|---|---|
| Available in 187 countries | No | Yes- The world is at your fingertips |
| Worldwide entity infrastructure built and staffed in-house by world-class legal, HR, and tax experts | No | Yes- Ensure compliance by using one vetted partner |
| Transparent pricing and consolidated invoices | Inconsistent | YesKnow what to expect every month |
| Regional and in-country experts are available 24/7 | Inconsistent | Yes -Streamlined communication with our local, in-house HR experts, held to a 97% customer satisfaction rating |
| Help Center for you and your global team | No | Yes- Get your questions answered with fast response times |
| End-to-end technology platform | Inconsistent | Yes- One simple, secure login, globally accessible via desktop or mobile |
| Automated employment contracts | No | Yes- Digitized options to make issuing offers to valuable candidates quick, compliant, and easy |
| Easy time and expense management via a mobile app | Inconsistent | Yes- Seamless experience for global employees |
| Employee data is protected with a GDPR-compliant solution | Inconsistent | Yes- No more storing data in email and spreadsheets |
| Add headcount anywhere in just a few clicks | No | Yes- Take control of your growth timeline and scale faster |
| Maintain legal ownership of intellectual property | Inconsistent | YesKeep one of your company’s critical assets under your control with a product built by a world-class legal team |
| Preferred partner of major payroll providers | No | Yes -The most trusted brand in the industry |
| Vetted and endorsed by world-class employment lawyers and analyst firms | No | Yes- Market leader operating globally since 2012, built to scale with you |
| Proven financial stability | No | Yes- a $150M minority investment in January 2020 ensures a strong cash position and provides assurance your team is secure |
| Leading remote teams | Yes | Globalization partners are best at leading remote teams |
What does an EOR (Employer of Record) do and how it Works?
The EOR partners with its client to take on its employment duties. A contract is entered into and an agreement is made. The EOR assumes the role of the employer, however, the company still had control over the running of day-to-day business operations.
Employee roles and duties are still assigned by the company. The company is also still responsible to cater to and provide the employees’ pay accordingly. The EOR is not liable for safety or health guidelines as the case may be, especially with the recent occurrence of the pandemic.
The company is responsible for that. Companies that often take on the EOR solution are small and medium-scale businesses that are looking to advance into the international market. The EOR thus becomes a means to facilitate easy market entry by hiring employees or independent contractors, depending on their needs.
Companies and organizations go for the third-party employer option because of the numerous gains that come with employing its services and the wide range of roles that EOR plays in an organization.
In this section, we will be providing you with the duties and perks of an employer of record and how these duties and advantages roll out.
What is the Global Employer of Record?
Basically, a worldwide manager of record, otherwise called an EOR, is an approach to rapidly adding laborers in new worldwide business sectors without assuming the expense and hazard of laying out a substance in an unfamiliar country. An EOR supplier works with all business prerequisites for a client association.
Globalization Partners FAQs
Q: Who competes with Globalization Partners?
Top 10 Alternatives to Globalization Partners
~Velocity Global.
~Lumity Benefits Solution.
~Safeguard Global.
~Omnipresent PEO.
~Zenefits Services.
~Insperity Workforce Optimization.
~ADP Comprehensive Services.
~Sequoia.
Q: What are Globalization Partners worth?
Recently the company has valued at $4.2 billion.
Q: How many employees does Globalization Partners have?
Employees as of August 2022-Â 1,170.
Q: How Long Have Globalization Partners been around?
When CEO Nicole Sahin founded Globalization Partners in 2012, the global employer of the record market was largely undefined and unchartered. Its closest domestic doppelganger, known as a PEO (professional employer organization), has a U.S. market worth $170-plus billion.
Globalization Partners Conclusion
Globalization Partners is an expensive global payroll and Human resource facility, but it is worth the price according to actual users. It can help you handle staff members from hiring to termination and keep you compliant with local regulations in approximately 190 nations while providing simple software. It also has excellent user feedback and a 98% client satisfaction rate.
So this is all about Globalization partners. We have tried to cover all the relevant information in the given blog. Keep reading!
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