Optizm Global

  As the global labor force becomes more dynamic, dispersed, and digital, the classic employment models are being dramatically transformed. The emergence of remote work, the gig economy, and cross-border recruiting has compelled companies to rethink HR approaches, and at the forefront of this change is the PEO (Professional Employer Organization).     From startups going global to businesses handling hybrid teams, global professional employer organizations (PEOs) are becoming indispensable partners. But exactly how are they transforming HR globally? Let's find out.     What is a PEO and Why It Matters Today   A PEO is a company that enters a co-employment arrangement with your company, which provides HR services like payroll, employee benefits, compliance, and tax administration. For international operations, a global professional employer organization takes this model internationally, allowing firms to hire abroad without establishing a legal entity in e...

  As companies go global faster than ever before, the demand for a solution to onboard international talent quickly and legally has skyrocketed. Enter the Employer of Record (EOR)—a company that provides payroll, tax, employee benefits, and other human resources activities for your remote or international employees in one package. Despite being a great solution for companies who are looking to add overseas employees, the stigma attached to a remote employee through an EOR has made many companies hesitant to use EOR services.     In this blog, we will touch on the top 5 myths about Employer of Record payroll services and discuss how a great EOR can change your global talent strategy overnight.     Myth 1: EOR Services Are for Only Larger Companies   Reality:   It’s easy to think that only large players with large budgets are the ones that use EOR services, but that is usually the opposite. Small businesses and startups use EOR payroll services and gain...