If your quest for world domination now involves having employees out of the U.S. for the first time, getting the bases covered in terms of international employee benefits can be very dicey. What is expected and legal for coverage outside of the United States can vary greatly, depending on where your employees are and what they are doing for your business.
Factoring in International companies who have now spread themselves into America, they have a baptism by fire in terms of Obamacare. How do they successfully navigate that conundrum if they are located in countries that normally have healthcare provided to them by the government?
When your company dream reaches other shores, more things factor into your success than getting the right business licenses and attorneys who can help you navigate international business and employment law. So what to do? How do you get the right international employee benefits for all and still keep some money in the bank account?
When you consider all that goes into working in another country, the important bases that need to be covered can feel especially overwhelming when it comes to international HR issues. There is a lot to know and every country is different when it comes to employment law. When these issues come up, and they will, you don’t want to be caught unawares. Cultural norms also play a role in office functionality outside of your home country. You have to consider those factors as well.
What a PEO service does for any business is take over where HR coverage is lacking, primarily with a small to mid-sized business. Many companies in this size range cannot afford to employ HR staff in countries where they have newly branched out into. A PEO service that specializes in international businesses know how to handle these unique issues.
International Employment Law -When international HR issues come into play, you want someone who is knowledgeable, skilled and ready to successfully assist you in getting the right coverage and following all the employment laws that need adhering to.
Cost Of Staffing Internationally -The cost difference between PEO fees and hiring international employment law attorneys and HR staff is great. It is essentially insulating your company from damage for a fraction of the cost.
Also, having to purchase different policies and special coverage for different employee locations can get expensive. Having a PEO service co-employ your employees, no matter where they live, means you are paying one rate for all and not having to worry about what is lacking if locations are far away.
Peace Of Mind -Peace of mind without the expense. Who wouldn’t want that? Knowing that all of your bases are covered no matter where your company’s flag is planted now or in the future should be reason enough to consider a PEO service for international employee benefits. The good news is your PEO service to can scale with you. As you grow into other areas, other countries or just add more headcount to the locations you already have, your PEO service can easily adjust your services to grow with you.
Not every PEO is an international PEO. You need to work with the right service and trying to weed through the long list of PEO services to figure out which one can help you will take a lot of time. A PEO broker like PEO Spectrum knows who the right players are in the international employee benefits market already. They can help you find the right PEO for your business with just a phone call and 30 minutes worth of your time. The right answers in the time it takes to eat your lunch. Better yet, they won’t even charge you for their time. Some of the best things in life really are free.
If you’d like to find out more about how PEOs can help you provide great benefits and payroll management at less than you are paying now, contact us today for a free consultation.
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