What are global employment platforms?

Global employment platforms are one of the solutions businesses can use to support their international hiring and employment needs. They combine employment outsourcing services with a software platform that makes it possible to streamline workflows and processes across geographies. Let’s look at global employment platforms in more detail to find out what benefits they offer organizations that are looking to build a global team.

A global employment platform is an advanced technological solution that is designed to simplify global hiring and employment. Backed up by either a network of in-country partners or a network of owned legal entities, a cloud-based platform for global employment can support businesses in several different ways as they build and manage their global teams, including: 

• Hiring and onboarding

• Payroll management

• Tax administration

• Benefits management

• Compliance assistance

• Global payments

Global employment platforms are aimed at simplifying and streamlining hiring and employment processes on an international level. Being a special type of global employment solution, the primary benefits they hold for multinational organizations are the same, namely:

• Increased flexibility

• Enhanced compliance

• Quick onboarding process

• No need to establish foreign legal entities

• Rapid market entrance

• Reduced risk

However, global employment platforms elevate the value of a global employment solution, since they not only offer the necessary services, but also support businesses with multi-vendor management. Organizations with a global workforce usually work with several service providers to cover their employment needs in different geographies, which makes it hard to oversee global operations. This is where global HR platforms come into play.

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Compared to simply working with in-country Employer of Record partners, a global employment platform adds value to the core service of facilitating cross-border employment. Benefits that are unique to platform solutions include: 

• Consolidated global workforce data: Although employment standards and requirements must be met on a local level, the information relating to the different geographies must be put together at some point to provide a comprehensive overview. This is enabled by a global employment platform. 

• Enhanced operational oversight: Knowing what is going on in each geography is crucial to stay in control. International employment platforms connect all the in-country partners organizations rely on for hiring international employees and allow them to manage all their service providers via one system.

• Streamlined processes: A software solution for global employment allows businesses to streamline their international hiring and recruiting processes. This allows for similar standards and workflows across locations and increases the overall process efficiency.

• Growing partner network: Behind a global hiring platform stands an international network of in-country partners that provide employment services in their respective jurisdiction. As the platform evolves, the partner network continues to grow, covering more and more countries.

• Integration capabilities: One of the major advantages of software solutions for hiring employees abroad is the fact that they can integrate with other HR and workforce management tools used by the organization, which increases productivity and efficiency. 

• Additional services: Global employment platforms can partner with other service providers that operate in the wide field of international employment. Like this, they are able to also cover additional services expanding businesses might need.