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When expanding into new territories, you may not wish to commit the level of resources required immediately. In such instances, hiring an independent contractor abroad can be a cost-effective solution. It allows you to set up operations to test the viability of your business without deploying large-scale assets.
Bangladesh is strategically located on the world map and has a fast-growing economy. It also houses a massive youth population, providing a large market for your products or services.
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 much cheaper than Tunisia and Egypt, it certainly offers a much higher standard of living. Besides its astonishingly great labor force potential, Morocco offers the opportunity to enjoy political stability and a business-supportive legal and banking framework.
If you are expanding your reach to a different country and setting up outreach programs to harness local talent, there are certain dos and don’ts that you need to keep in mind. Avoiding common mistakes and following the best practices will ensure that you get smooth access to top local talent and don’t run into any regulatory issues.
Labor laws are designed to empower as well as protect workers. They ensure that employer-employee relations are monitored, allowing both parties to be held accountable for their actions.
If you are looking at Asia for your next business, the South East Asian kingdom of Thailand could be your best option. Thailand’s vibrant culture and sandy beaches make for a robust tourist industry. Establishing a business in Thailand could offer you numerous advantages – some of which we will be discussing here.
Starting a business is an exciting time for young entrepreneurs and upcoming business people, but there are many things you need to consider before choosing a registered office. Most importantly, you need to consider acquiring investment, having a business model, and how you’re going to cater to your intended market.
Global companies face many challenges as they begin and maintain operations in new countries. Language barriers, business customs, and hiring new employees are just a few of the hurdles. Managing costs, maintaining compliance, and having a clear view of the overall operations is an ongoing struggle for most companies. But what makes multinational companies unique is the desire to look beyond current operations and see what potential is ahead in unknown territories.
Workers all around the world are protected through the right to form a union, along with promises of equal pay for equal work, regardless of gender. Core labor standards have been set out by the International Labor Organization (ILO) that member states, including Bangladesh, must follow. This is so that workers are given the freedom of association, along with the right to bargain, are protected against any sort of forced labor and child labor, and do not face discrimination in employment.
On a scale of 1 to 10, how satisfied are you with your global payroll operations? Do you have real-time access to your payroll data across all countries and currencies? Is your multi-country payroll all on one platform? Is there help available when you need it?
