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Global Work Glossary

Lost in a maze of global employment jargon? Find your way out with our handy collection of work and HR terminology

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Global Expansion

What does global expansion refer to in HR?

Global expansion is the strategic process of entering and establishing a presence in international markets. This can involve establishing foreign subsidiaries (daughter companies in other countries), opening branch offices, or forming strategic partnerships. It can also mean using an Employer of Record service like Multiplier to hire staff without having to establish a legal entity in a particular country.

The benefits of global expansion are widespread. Companies can grow their business and generate new revenue streams, become more resistant to changes in the market, and boost brand recognition. Global expansion also gives companies access to a wider pool of candidates so they can more easily fill gaps in talent.

At the same time, however, without the proper infrastructure and knowledge, global expansion can be challenging to manage. Organizations need to understand the cultures of the countries they expand into and understand the legal implications of hiring in them. Without this, they can lose money and time by dealing with legal troubles, failed marketing campaigns, and staff issues.

A global HR solution such as Multiplier can streamline the process of expanding into new markets. Its Employer of Record services allows you to smoothly and compliantly onboard staff in different locations. Meanwhile, the payroll solution ensures that team members across countries are paid on time and in line with local labor laws.

Ready to take the leap? Choose Multiplier as your EOR partner

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