Browsing: Global and Remote Workforce

When a company needs to meet the demands of industry leaders in different sectors and countries, having the right employees is not a luxury, it’s a necessity. So, when DevonWay was tasked with relocating a valued employee from the U.S. to the UAE, a country where DevonWay did not have an entity, they had to find a cost-effective, efficient solution.

Hybrid work models, work-life balance, and AI-augmented workforces are foreseeable trends for 2022. Preparing for the unexpected and pivoting at a moment’s notice were valuable lessons many global companies learned in 2020 and 2021. As we move through 2022, companies are eager to retain a competitive advantage and continue on the path of success and adaptability.

Behind the rose-tinted view of global expansion, lie more ghastly tales, involving a multitude of country- specific laws and regulations. Fail to abide, and you’re risking drawn-out litigation processes, high penalties and monetary costs, permanent reputational damage, and even jail time.

SonicWall has seen a number of organizational changes throughout its 30-year history, from its early days as an innovator in SMB network security to its decade as a public company, its five years as a part of Dell and the past five years of private ownership following divestiture.

Companies that grow internationally without prioritizing compliance are sure to run into problems. From entity setup, to hiring, financial reporting, and staying on top of changing regulations, compliance plays a key role every step of the way.

You’re ready to make your candidate an offer, but if you don’t have an entity set up in the country where they are located, you can’t run payroll. And setting up an entity takes time and money.

A cloud-based project and team management company headquartered in Tel Aviv, monday.com, was looking to hire new team members in Brazil and Canada. However, the company did not have an entity set up there, making it complex to take the next step into a new market.

Now that 2020 proved people can work remotely and still get amazing work done, customer support and service leaders are making the remote trend permanent. According to a Gartner survey from 2020, 80% plan to increase work from home programs.

It’s no secret — hiring the best talent is necessary to grow your company and satisfy your customer base. Now, thanks to the mass adoption of remote work, companies have easy access to a global talent pool, enabling them to build a team of international superstars.

Global events over the past several years have brought massive cultural changes to the workplace, be it the breakout of remote working, or unsettling trends like “Quiet Quitting.” As we head into a new year, what factors are likely to affect our working environments in 2023?