Omnipresent

The Employer of Record (EOR) market is expanding, but not all providers offer the necessary clarity and support for global businesses. But choosing the wrong EOR can lead to hidden costs, complex compliance issues, and insufficient support for navigating international employment laws. Strategies for choosing the right EOR partner: 🌍 Evaluate alternative employment models: Ensure the provider offers diverse models to navigate regulatory pressures in different countries. 🤝 Prioritise partnerships over platforms: Look for comprehensive support, including legal, HR, and payroll expertise. 💰 Seek transparent and flexible pricing: Opt for providers offering clear and customisable pricing structures. 📈 Assess support across business growth stages: Choose an EOR that can assist from initial hiring through to mergers and acquisitions. 🏢 Verify local expertise: Ensure the provider has in-depth knowledge and support in the specific regions where you operate. #hr #compliance #finance #employmentlaw We explain more in the latest edition of 'Global Team Trends'. Subscribe to learn more. https://lnkd.in/eRZq2eAt

📣 Excited to launch our whitepaper co-authored with Sifted 📣 It's essential reading for startup CEOs and founders "Going global: how to expand with an M&A mindset" is essential reading if you're 🙋♂️ A startup CEO or founder who is scaling a global workforce across borders, and/or 📈 Thinking about how you can prepare your company for a potential merger or acquisition. For startup founders and CEOs, international expansion presents unique challenges. Sifted's new guide offers expert advice on 🌎 Hiring effectively across borders 🏢 Leveraging Employer of Record services 🤝 Creating a cohesive global culture 🗣️ Streamlining communication across time zones 🌉 Aligning values across your international workforce Download the full white paper in the comments 👇 #ceo #founders #startuplife #scaleup #acquisitions

Understanding worker classification is more complex than it seems. In this episode of the Global Workforce Podcast, Raoul Parekh of Littler explains why the line between employee and contractor can be blurry and the importance of getting it right. George Britton and Raoul explore the legal nuances, potential disputes and the necessity of detailed attention to manage risks effectively. Raoul’s insights are essential for businesses navigating these challenges in a global context. Watch the full conversation with Raoul Parekh by clicking the link in the comments below. #contractors #compliance #emmploymentlaw

How do you ensure your employees have the best possible experience during a merger, acquisition or carveout? In this episode of the Global Workforce Podcast, Olle Råghall of Soundtrap reveals how they evaluated different suppliers to achieve top-tier employee satisfaction during their carveout from Spotify - and why they chose Omnipresent. Olle shares insights on selecting the right partners and overcoming the complexities of global workforce management. Learn how Soundtrap navigated these challenges to create a seamless employee experience across nine disparate countries. Click the link in the comments below to hear the episode. #mergersandacquisitions #carveout #retention

It's our Monday international employment law update. And this week, we're turning our eye to Australasia. 🇦🇺 Australia Effective from 1st July 2024, the minimum wage has increased by 3.75%. The new national minimum wage will be $915.90 The Temporary Skill Shortage (SC 482) Visa will be replaced with a Skills in Demand visa, which will have three streams (Specialist Skills Pathway, Core Skills Pathway and Essential Skills Pathway) to cover highly specialised occupations. It will require a minimum salary of $135,000AUD. 🇳🇿 New Zealand - visa changes here too. The New Zealand government has made changes to the Accredited Employer Work Visa Scheme. This scheme is designed to prioritise New Zealanders for jobs, while simultaneously allowing employers to hire skilled migrants when there are shortages of skill or labour. #employmentlaw #globalization #workvisa #hr

The Employer of Record market is growing and becoming more sophisticated - and the key benefits of working with an EOR are growing more numerous with every passing year. They’re faster and cheaper than setting up a legal entity. They make it easier to hire, onboard and manage key talent in specific global markets. They can help you stay compliant with local employment laws. But at a time when compliance and value for money is paramount for global businesses, how should you go about finding and assessing the right EOR vendor? #hr #compliance #retention #budget

We're really excited to be participating in this with our colleagues over at Sifted. M&A can be an exciting next chapter for some European startups. But as your business scales, so does your global workforce, bringing with it hidden complexities that could ultimately harm your chances of a deal. Sound like a familiar worry? ) We'll be discussing The benefits of M&A for both the acquiring company and the acquiree.The hidden workforce issues that both companies must confront if any deal is to succeed.How startup leaders can make their businesses M&A ready in the period leading up to a prospective deal. Wed 31 Jul 2024 / 12:00 (BST), 13:00 (CEST https://lnkd.in/eGSrNsaY #mergersandacquisitions #b2b #europe #compliance

🌍 Correctly classifying your global workers isn't easy. Employment legislation is complex and varied across countries, making it difficult to know where to start when assessing the risk of worker misclassification. So ask yourself these 3 questions 🤔 Which regulatory body governs the classification of workers? 📝 Does the country use 'multi-factor' or economic reality tests to determine worker status? 💰 How do the penalties and liabilities for misclassification differ across borders? #hr #compliance #contractors #remotework

💵 When does a foreign subsidiary stop being good value for money? 💵 Omnipresent CFO Katherine Kellett & Co-General Counsel James Mallet explain how to spot the warning signs. 👥 Employee-related costs 📋 Regulatory challenges 🤝 Business relationship issues 🌐 Operational challenges 💰 Financial considerations ⚠️ Risk of fines 🔧 The costs outweigh the benefits #cfo #finance #budget #globalization #operations

🌍 Is your company employing and managing teams globally? Here's your mid-month employment law update👇 🇵🇷 Puerto Rico - Effective July 1, 2024, the minimum wage will increase to $10.50 per hour. Employers now have until August 15, 2024, to file their annual payroll statement to maintain their insurance coverage through the State Insurance Fund Corporation. 🇵🇱 Poland - Starting January 1, 2024, minimum wages are revised to PLN 27.70 per hour and PLN 4,242 per month. 🇻🇳 Vietnam - Effective July 1, 2024, the updated minimum wage structure for all 4 economic regions is as follows: Region I: 4,960,000 VND/month; Region II: 4,410,000 VND/month; Region III: 3,860,000 VND/month; Region IV: 3,450,000 VND/month. 🇮🇩 Indonesia - A new law grants working mothers three months of maternity leave, or six months if the newborn has health issues, with varying pay rates. Male employees are entitled to two days of paternity leave, extendable by three days, and two days in the event of a miscarriage. 🇯🇵 Japan - Employers with 10 or more employees must notify employees of any changes to employment terms and contract renewals. The Ministry of Health, Labor, and Welfare increased meal values considered as in-kind salary under insurance plans. The government will discuss extending public health insurance coverage to include childbirth from fiscal 2026. 🇦🇺 Australia - The Fair Work Commission’s Annual Wage Review 2023-24 increased award rates by 3.75%, setting the national minimum wage at $24.10/hour or $915.90/week. For casual employees, the rate is $30.13/hour. The unfair dismissal compensation limit is now $87,500. Paid parental leave has increased from 20 to 22 weeks starting July 1, 2024, with incremental increases until it reaches 26 weeks in 2026. #hr #employmentlaw #compliance #remotework