Why Global Labor Compliance is Essential For Businesses

The world is changing. It’s getting smaller by the day. Improving communication and cooperation across the globe are shaping the world into a true global village.

This is reflected in the business landscape, as well. Businesses are going global faster than ever before, and more and more companies are looking into harnessing the best available talent, no matter where it is. Outsourcing has also matured into a viable global expansion tool.

But the global expansion of a business, even if it’s just in one foreign location, comes with its own unique set of complexities. One of these complexities is global compliance.

If you have already have expanded to another country or are planning to, you might have already come across some global compliance issues. You need to understand local laws, labor code, contracts, and employment practices to legally and successfully operate in another country. It’s a massive undertaking and requires extensive research into foreign laws and employment culture, which can get very confusing.

Luckily, there is a simple solution: Global People Strategist. Our comprehensive global compliance tool is designed to help you understand labor laws, requirements, and contracts of over 150 countries. All the relevant information is broken down into categories, segments, and guides that cover everything you need to know about employment laws, rules, and practices in the country you are operating in.

But the best part is that our global compliance tool is live. The information available is revised and updated as soon as labor laws, employment rules, or business regulations are changed in a country. If there is anything new that you need to know about the country’s labor laws that you are operating in, you will be informed about it immediately. And it’s not just about staying on the right side of local laws. Real-time knowledge of compliance changes and acting timely will give you a competitive edge over your peers.

Global compliance is a complex, continually evolving, and difficult-to-navigate problem. This is why we have developed a comprehensive platform that combines all the relevant tools you will need to solve that problem. Our aim is to help ease your global expansion process and to ensure that you are free to grow your business in another country, instead of untangling local labor laws and compliance issues.

 

September 24, 2021
Singapore payroll guidelines and regulations are relatively transparent when compared with that of neighboring countries. However, managing and understanding Singapore payr...
September 23, 2021
The labor law of China is designed to protect the rights of employees and employers in an industry. The law gives workers the right to equal opportunity in terms of pay and...
September 22, 2021
Due to its reassuring macroeconomic status and an economy that’s performing well, Morocco has been able to attract quite a bit of investment recently. Although Morocco is m...
September 16, 2021
The phrase “you don’t know what you don’t know” is usually not used in global payroll conversations – but what if “what you don’t know” is hurting your business and bottom ...