Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Employer Of Record Services Very Much On The Rise – Globalization Partners

Globalization Partnerswhich enables companies to hire anyone, anywhere, quickly and easily, via its automated and compliant global Employer of Record platform, today announced significant momentum in 2020 with 70 percent year-over-year customer growth and a record number of net new sales. The unprecedented demand for its solution has Globalization Partners projecting it will reach $750 million dollars in annual recurring revenue in 2021.

“Things have changed permanently, we have witnessed the progression of remote work leap forward 10 or 15 years in the past year,” said Diane Albano, Chief Revenue Officer, Globalization Partners. “Companies are thinking differently and as more and more look to hire the best talent no matter where they are located, they are seizing the opportunity that comes with hiring global remote teams.”

This statement is confirmed by Charles Ferguson, General Manager, APAC, Globalization Partners. who says: “This year we have signed many key partnerships with companies like Zegal, multiple SMB and enterprise customers and have grown both revenue and our employee base very significantly. The move towards remote working has had a major impact on the APAC region and reports suggest that more than 70 percent of employees want to maintain at least some degree of remote work moving forward.”

To support demand for its solution, Globalization Partners doubled its internal global employee headcount in 2020, and is planning to double its workforce once again by the end of 2021 to approximately 600 employees. In 2021, the APAC team will hire business development employees in Australia and New Zealand and will be expanding sales and marketing teams in Singapore.

With the shift in thinking about the possibilities and benefits of a remote global workforce, the company’s EOR platform has become decidedly relevant. Ashley Roller, Director of Human Resources at Clumio, an innovator of authentic SaaS for enterprise backup says, “I can just call up Globalization Partners and explain that we are opening a new location in Australia — which happened just recently —and we need to bring on a new hire on right away. Within hours, we are able to get that new person onboarded – without setting up our own entity or registering our own Australian payroll. It’s a huge benefit for our business to have that type of flexibility when hiring talent globally.”

In 2020 Globalization Partners was named Global Employer Record (EOR) industry leader by independent analyst firm NelsonHall. As an EOR, Globalization Partners serves as the legal Employer of Record for customers hiring internationally, handling payroll, taxes, and benefits, and ensuring compliance with local employment laws and regulations. Their platform frees up companies to manage and direct the daily work of their team members while not having to navigate complex legal issues – thus enabling companies to move faster into new territories so they can be more competitive internationally.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>