Most of the reforms that caused New Zealand to be a welfare state were introduced in the 1930s and then in the 1970s under the rule of the Labor Party. The Labor Party managed to gain the ultimate support of the labor unions in New Zealand. Over time, New Zealand’s economy shifted towards being more service-oriented. Around this time, traditional unions, which were supported by semi-skilled and unskilled workers, started to lose their power. Learn more about the working conditions in New Zealand.

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Global expansion is always an exciting opportunity, but when it comes to setting up business entities, hiring employees, and getting payroll up and running, things can get complicated. There are several key aspects of starting up in a new country that are often overlooked and unique challenges in each country when expanding and hiring. Here are some common challenges when expanding into new countries that a company may face:

Business Entity Setup

Creating a new entity is not as easy as it sounds. Depending on what type of entity you are setting up impacts your tax liabilities, you may need to hire local talent for certain positions within the company, and the required reporting and deadlines for tax payments are sometimes determined by the type of entity created as well.

Bank Accounts

Do you need an in-country bank account in order to pay local employees, or can you pay staff from a US bank account? Understanding the payroll regulations in each country and the bank accounts required for payroll is key to hiring and paying your employees. Some countries require a local bank account and some will allow for US bank accounts to use for payroll.

Multi-country Payroll

Will you use different in-country providers in each country to manage payroll or one platform to manage all of your countries? Using different providers can cause a multitude of issues when it comes to reporting and visibility. It is also difficult to manage all of the currencies for payments. If you have one platform to manage all of your payroll, you have real-time access across all countries, you can settle payroll from multiple currencies in US dollars, and you have customized reporting for each country and aggregated views across all countries.

HR Compliance

Once you’ve figured out payroll, then it’s time to hire employees. What are the statutory benefits in the countries you are expanding in? What happens if your benefits are not in compliance? There are unique HR regulations required in each country – some have limits on how many locals must be employed, some positions can only be filled by local talent, etc. You need an HR compliance partner to help navigate the circumstances in each country or face fines and penalties for non-compliance.

Getting started in a new country is always an adventure, but if you’re prepared you won’t face disaster as you’re trying to launch. Know before you go and your global expansion will be seamless and you’ll wonder why anyone ever thought it was complicated! Talk to us about global expansion services. From entity setup and company formation, to payroll and HR compliance – we’ve got you covered. Click here to get started

In 2019, the Ethiopian government approved a new Labor Proclamation to replace the old law that had been in place in Ethiopia for the past 16 years. However, over the years, there have been many changes in investments, labor markets, and the business environment in Ethiopia which warranted a renewed look at existing regulations and led to Labor Law Changes in Ethiopia.

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Technology, data security, and compliance will reshape 2021 Global Payroll Trends. Multinational companies faced unprecedented obstacles in 2020 and have had to make accommodations for employees around the world to keep up. New sick leave, furlough policies, and working environments have changed drastically over the last year and will continue into 2021. How can you stay ahead of global payroll changes and maintain compliance?

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The labor code of Bolivia consists of lots of rules, some of which are fairly complicated. Hence, companies must consider professional legal advice and adapt to the regularly updated labor laws. Bolivia’s labor laws are overseen by their Ministry of Labor. Here are the latest changes to the labor code in Bolivia.

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Largely owing to its thriving tourism industry, the Bahamas has an inviting economy that makes this island country a great place in which to work and invest. The labor force participation rate for both men and women is quite high, and the government has designed comprehensive legislation to maintain favorable work conditions at all times. Here, we have outlined basic employment and leave laws in the Bahamas that foreign employers need to know.

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