Welcome to our valuable review by Financial Convey. In this post, we will discuss Globalization Partners, their background, and how they work with remote teams.
Globalization Partners Overview
Industry | IT services and IT consulting |
Company size | 1,001-5,000 employees |
Type | Privately Held |
Headquarters | Boston, MA |
Founded Year | 2012 |
Specialties | specialises in compliance, human resources, international business, global business expansion, international legal expertise, and global employer of record services. |
Revenue | Unknown / Non-Applicable |
Website | https://www.globalization-partners.com/ |
Purpose | Globalization Partners enables global business by leveraging our industry-leading technology and expertise. |
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What is "Globalization Partners"?
A SaaS-based global employment platform, Globalization Partners helps employers hire internationally skilled and talented workers according to their needs. Over 180 countries are represented by the company for international employment in a legal manner, with a 98% customer satisfaction rating, 150+ currencies supported, and 99% payroll accuracy.
What We Like and What We're Missing
| What we like | What We’re Missing |
|---|---|
| Customer service that is excellent | Pricing isn’t all that transparent. |
| Local Compliance and Tax Support | requires a two-month advance payroll deposit. |
| Payroll can be funded using 180 currencies, cryptocurrencies, Venmo, bank transfers, and more. | No learning management programmes are available. |
| Professional Employer Organization (PEO) and Employer of Record (EOR) services are available. | Hiring refugee talent is not available. |
| Time and expenses : You can also review and authorise time and expense requests on the platform, with all reports centralised for easy access. | Tax document management is not available. |
How Globalization Partners different from others
Globalization Partners is a company that helps businesses expand into new markets by providing them with the necessary global infrastructure and support. This includes providing access to a global network of compliance and legal experts, as well as a pool of pre-vetted local talent that companies can use to quickly and easily set up operations in new countries.
This is different from other companies that may only offer one or two of these services, or that may not have a strong focus on compliance and legal issues. Globalization Partners is committed to helping businesses navigate the complex and often daunting process of expanding into new markets, and to providing them with the tools and support they need to succeed.
What is a global employer of record?
A Global EOR is a third-party service provider that assists small, medium, and enterprise-level companies in onboarding, paying, and managing their international employees. EOR becomes your legal employer for international employees in different countries. Enterprises can onboard and pay international employees without having to set up entities in every country.
In today’s world, leveraging global talent is one of the best ways to grow exponentially. There are several challenges associated with hiring international employees, such as legal issues, currency management, compliance issues, and tax management.
What is the EOR service?
EOR stands for “Employee of Record.” An EOR pays employees and handles payroll, taxes, visas, sponsorship, statutory benefits, and insurance on behalf of their employer.
FAQ
- How long have Globalization Partners been around?
In 2012, when CEO Nicole Sahin founded Globalization Partners, the record market was largely undefined and uncharted. The closest domestic competitor, known as a PEO, has a market worth $170 billion or more.
- What are globalization partners worth?
$4.2 billion
- What is the highest salary at Globalization Partners?
A market research associate earns 3.7 lakhs per year at Globalization Partners. The top ten percent of employees earn more than Rs. 23.43 lakhs per year. More than 29 lakhs are made per year in the top 1%.
- Who invested in globalization partners?
Vista Credit Partners
Conclusion
The company has business entities in almost every country on earth, so they can hire talent anywhere in the world in a short amount of time. All of this is handled for you, so you won’t have to worry about legal, tax, or HR issues. If you are considering doing business in a new country, I highly recommend it. Thanks for reading; please share and like.
