What to Know About Using “Employers of Record” to Hire Globally

Companies have a host of reasons to hire globally. When faced with domestic workforce obstacles like aging populations and tight labor markets, hiring globally provides access to a much larger pool of smart, skilled people who are well-equipped to work digitally without leaving their home country. They can provide critical local knowledge about customers or complying with local regulatory or licensing requirements. And, of course, they can save companies lots of money — in the form of local tax advantages or incentives and, often, lower labor costs.