The State of 2024 Global Expansion Service Providers: Pros and Cons
Getting ready to expand your company into another country is exciting but can also be overwhelming. A key part of your ability to manage your global expansion successfully is how you choose and manage the different services—from employer of record (EoR) or entity set-up to HR and accounting—that you’ll need to start a business in […]
Navigating HR Considerations for Global Expansion in 2024
As we step into 2024, human resources (HR) leaders are increasingly pivotal in navigating the complexities of global workforce management. Whether you’re looking to take your first steps towards international expansion or aiming to solidify your global presence, understanding the critical HR elements is essential for your success. Global Expansion Considerations In 2024, HR will […]
6 Proven Steps to Create a Successful Global Expansion Strategy
Embarking on a global expansion strategy can be one of the most significant steps your business takes. As the world becomes increasingly interconnected, the opportunities for growth are boundless. However, it is crucial to navigate this complex landscape with a well-defined plan. This guide will cover everything from what global expansion entails to the benefits […]
4 Trends Driving the Need to Invest in Corporate Secretarial Services for Global Expansion
When you think about your upcoming M&A, chances are that “Corporate Secretarial Services” are not the first words that come to mind. And yet, perhaps they should be. Today’s blog highlights key trends that underscore the importance of Corporate Secretarial Services (commonly known as “CoSec”) in overseas acquisitions. We’ll also explore why they matter to […]
ChatGPT vs HSP: 3 Keys to Success for Cross-Border Carve-Outs
“The Blind Men and the Elephant” is a classic Indian folktale in which six blind men who long to learn about life outside of their small village discover an elephant for the first time, with a surprising connection to cross-border carve-outs. As each man inspects the elephant, he describes what he perceives the animal to […]
Will AI Disrupt How Companies Conduct Global Expansion in 2024? It Depends.
If there’s one thing we can count on in 2024, it will be the continuing onslaught of headlines sounding the alarm (or promise) of AI and machine learning as a potential disruptor in almost every industry—from banking and finance to healthcare. This begs the question: is global expansion also ripe for disruption by AI? In […]
Think BIG With Your Global Expansion Strategy
If you’re a successful US-headquartered company aiming to expand internationally, it’s a safe bet that the first country you expand into won’t be your last. And yet, too often, I see companies tripping up on their global expansion plans by planning for just that—one country at a time. How do I know? Because these are […]
ChatGPT and HSP Battle It Out on EoR to Entity Transition
If there’s one thing that we can be sure 2024 will bring, it’s the fact that we’ll all be using AI tools like ChatGPT more frequently. That’s why today we’re having a little fun. We’ve decided to pit ChatGPT against Steve Malley, Global Director of EOR, our senior expert on how to properly evaluate the […]
A Global Payroll Solution Is Only as Good as the Implementation That Precedes It
If your company is expanding globally, you likely know first-hand the challenges that rapid expansion can bring to your HR and payroll operations. Done right, outsourcing payroll operations can be a huge boon. However, even large companies are not immune to the internal expertise and capacity constraints associated with bringing on a third-party global payroll […]
The Visibility Challenge in Global Payroll Management: 3 Common Pitfalls
Companies expanding internationally and hiring employees across multiple countries often find global payroll management unexpectedly challenging. The key reason is a lack of visibility and expertise surrounding all payroll activities and regulations across each country in which employees are hired. Because each country’s payroll typically requires a separate process, companies quickly find themselves employing a […]
Payroll Management Technology and How it Can Help You
In this blog, we’ll explore the concept of payroll management technology and how it can help you streamline operations, save time, and ensure compliance.
Unlock Global Talent: Embrace the Power of Employer of Record
In today’s rapidly evolving business landscape, companies are no longer confined by geographical boundaries when it comes to hiring new employees. The rise of remote work and digital connectivity has ushered in a new era of opportunities. As the VP of Customer Operations at HSP Group, I’ve witnessed firsthand the transformative impact of Employer of […]
Expanding into Central & South America: Part 3 – Labor Legislation Complexity
Throughout June, HSP Group is releasing a series of blogs that delve into the opportunities and challenges of expanding your business to Latin America (LatAm). Today we’ll discuss the complexities you may face around labor legislation, sharing some specific examples from Brazil and Mexico. Part 3 – The Complex Nature of Labor Legislation If you […]
Key Roles of Communication and Compliance in Cross-Border Carve-outs
Part two: Communication & Compliance Considerations
Insights on Latin American Expansion: 4-Part Series
Through the rest of June, HSP Group will be delivering a four-part series of blogs with a spotlight on expansion into LatAm(Latin America) territories. These blogs will cover the complexities involved when expanding into these territories and inform you of key aspects that will help ensure your journey to growth is smooth and compliant. Part […]
Using EoR for Your First International Hire: Next Steps
So, you’ve decided to use EoR (Employer of Record) solutions for your first international hire – that’s great! But what happens next for you as an employer/business?
Cross-Border Carve-outs: Navigating Employee Challenges
What is a cross-border carve-out?
Meta/Facebook fined $1.3 Billion for Breaches of the GDPR
2 Key Steps to Take to Avoiding a Similar Fate The complications of avoiding breaches relating to the European Union GDPR were again laid bare this week. Meta’s platform Facebook received a record-breaking fine totaling $1.3 billion (1.2 billion EURO) imposed this week by Ireland’s Data Protection regulator, sending shockwaves around global business circles. Regulators […]
Is Your Company Ready to Take on International Hiring?
The Considerations for Adding Global Talent to Your Workforce Accessing the global talent pool can be the best thing for your business. But you need to know how to make it a reality.
Elevating the Conversation on Employer of Record Solutions
Managed Global Expansion: 3 Strategies for Growth in the US
For many companies, the idea of expanding into a new market can be intimidating. Where would you even start? Although you don’t have to turn too far to garner an opinion on the subject these days, where you turn to for true guidance and expert clarity is a challenge. Lately, the focus on global expansion […]
GateWay: Your Global Growth Management Solution
Are you interested in finding out more about our new global expansion management platform, GateWay? With so many features to explore and an endless number of benefits for customers, Sam Sengupta, VP, Product, at HSP Group, further outlined some of the key takeaways of the software to give you a better understanding of what to […]
Everything you Need to Know about Legal Entity Rationalization
If you’re currently in a position where you are reviewing your business performance, especially if you are operating internationally, and you’re noticing unnecessary expenditures and drains on resources, then legal entity rationalization may be a profitable and effective solution for you moving forwards. To give you further insight into this area of business management, we’ve […]
Managing Cross Border Compliance Risks | Part 2
Following on from part 1, Emine Constantin, one of our experts at HSP, has discussed some of the core aspects of cross border compliance, and how to efficiently and effectively manage these areas to keep you trading without unnecessary complications.
Managing Cross Border Compliance Risks | Part 1
When expanding your business into different countries, there are many areas to consider, and cross border compliance is one of the most important things to get right, or else you may be faced with hefty fines and penalties that can halt your global business expansion journey. With varying rules and regulations in each country, keeping […]
Conquer the Biggest Challenges of Global HR Administration
International expansion is like an equation with countless and growing variables. Although the addition of each jurisdiction and employee shows your organization is doing well, growth tends to make global human resource administration more complex.
Global Expansion Strategy: The Risks of Going It Alone
You don’t know what you don’t know – and that can lead to costly mistakes when expanding internationally How do you get international expansion right? It all may seem intuitive until reality hits and you find yourself scouring the internet for experts who can help you untangle the latest regulatory challenge, whether it’s entity management, […]