Globalization Partners Report: U.S. Execs Say Legal, Tax, and HR Present Major Challenges to Global Business Growth
BOSTON, Sept. 25, 2018 /PRNewswire/ -- Globalization Partners, a Global Expansion Platform renowned for its Global Employer of Record that helps companies quickly expand into more than 150 countries without the hassle of setting up overseas branch offices, recently surveyed financial executives from a variety of industries to learn of their challenges when it comes to global business expansion.
The survey, conducted in conjunction with CFO Research, found that while companies see boundless opportunities beyond the U.S. market, a clear majority (57%) of senior finance executives view the legal, HR, and tax challenges a significant barrier to global growth. Additionally, finance chiefs said recruitment, legal compliance, entity set up, and onboarding are the primary human capital issues they face when it comes to global expansion.
Their concerns are understandable: the challenges of staying abreast of international tax, accounting regulations, and labor standards are daunting even for companies with an established global presence. Additionally, staffing-up in a new country can consume considerable resources, and the quality of talent directly impacts an organization's ability to succeed in an untested market.
The survey also revealed that an overwhelming majority of finance executives believe that a trusted global employer of record can do a better job of overcoming these barriers to global growth than a typical company can do on its own, which is exactly what Globalization Partners does.
The full results of the study—and information about how companies can manage risk while supporting global growth– are available online at www.globalization-partners.com/resources/meeting-challenges-of-international-expansion
About Globalization Partners
Globalization Partners, a Global Employer of Record, helps companies expand internationally into more than 150 countries without the hassle of setting up overseas branch offices and subsidiaries. Through our platform, companies can quickly and easily hire employees overseas without having to navigate complex international legal, tax, and HR issues. Whether it's to test a new market or to expand the talent pool globally, Globalization Partners is the most trustworthy global workforce management solution in the market. We take the burden—and risk—of global expansion off our clients' shoulders and place it onto ours.
For more information, contact:
Contact: Andrea Dumont, VP, Marketing
Phone: (617) 884-3588
Email: [email protected]
SOURCE Globalization Partners
Related Links
https://www.globalization-partners.com
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