International business expansion is often regarded as a crucial move for businesses aiming to seize the global market. However, a study found that many regional businesses encounter challenges when expanding abroad, as numerous factors come into play. In fact, without the appropriate payroll partner, staying local and refraining from premature globalization may prove to be […]
In today’s increasingly interconnected world, numerous businesses are actively expanding their operations across borders, driven by the desire to explore untapped markets and access diverse talent pools. However, the management of a global workforce presents intricate challenges, particularly in the areas of payroll management and compliance with local labor laws. To navigate these complexities, many […]
Expanding a business into new markets, particularly in foreign territories, poses a multitude of challenges. Each country has its unique regulations, employment laws, and cultural nuances, making the process complex and time-consuming. Singapore, a thriving business hub in Southeast Asia, is no exception. However, businesses can simplify their expansion into Singapore significantly by capitalizing on […]
In an increasingly globalized world, businesses are expanding their operations across borders, tapping into new markets, and employing talent from different countries. While international expansion offers numerous opportunities, it also brings a unique set of challenges, particularly when it comes to complying with complex international employment laws. Failure to adhere to these laws can result […]
Navigate Singaporean salaries, taxation, and tax filing with our comprehensive guide. Understand the Singapore tax system, tax deductions, and reliefs, and learn about employer and employee responsibilities. Discover how Slasify’s services streamline payroll management and ensure compliance for optimal financial planning.
Learn how to maintain compliance with Singapore’s CPF regulations regarding CPF contributions, rates, and guidelines. Discover the benefits of HR and payroll software solutions in Singapore to streamline CPF compliance processes. Find out more about CPF contribution calculators and HR software options. Ensure accurate deductions and contributions while simplifying CPF compliance for your organization.
When working remotely, all remote workers can enjoy the flexibility to work from anywhere outside the office. However, there are some possible HR implications for companies to allow employees to work remotely overseas. By law, when entering a country with a tourist visa, it is the visitor’s responsibility to perform work or engage with the local workforce there. This is where digital nomads’ visas can play an important role to allow remote workers to work beyond borders.
EOR and PEO do, however, have certain distinctive features that employers should consider before deciding which service they should use for HR management. We have talked about Employers of Record and how it can support expedite your business expansion overseas in our last post. In this section, we will elaborate more on Professional Employer Organizations so that you can better understand their differences.
When entering a foreign market, as a business entity or employer, you might find your competitors to be in the same market as you. Therefore, it is likely to become a war for talent. When you need to get talents onboard with your company as quickly as possible, Employer of Record (EOR) is the perfect solution to help you get up and running quickly while continuing to plan for your future brick-and-mortar company.
Not long before the pandemic hit and put the majority of the workforce to practice remote working, half of the population of software developers have already been working remotely. Therefore, it is less troublesome for software developers to transition to a remote working setting in comparison with the other departments. However, with the recent social distancing restrictions that have been lifted, many companies demand their employees to conduct their work on-site. Most of the management teams are still not very inclined to hire remote workers due to various reasons.
One of the biggest myths of remote working is that employees lie around in their room watching Netflix or having a Monday brunch instead of working on their share of responsibility. But the truth is, the benefit of remote working is that remote workforce is now able to do all those while maintaining their working performance. On-site employees are able to show up from 9 to 5, five days a week, and yet they are most likely struggling to optimize their productivity compared to the remote employees.
Are you planning to expand your business globally as you grow your team? When considering international expansion, many businesses assume that the only way to achieve this is by setting up their own physical company entity abroad. However, setting up an entity can be time-consuming and complicated. Employer of record (EOR) services can be considered as an alternative to help you achieve this goal without all the hassles.