Hiring internationally without setting up a foreign entity
Hiring internationally offers many benefits for companies, regardless of their size or focus, including greater diversity and the broader perspectives that entails.
Having team members spread over a diverse geographical area also means that the organization is less tied to working hours in one location and can therefore be more responsive to the needs of clients and partners.
Another key benefit is cost savings, with skilled professionals available at highly competitive rates in many locations, while governments in many developing and emerging economies increasingly promote the study of STEM subjects and IT specialisms.
An obvious challenge related to hiring internationally is that of unfamiliarity with foreign regulations, both related to being an employer and to setting up and maintaining an entity through which to hire people.
However, as this report shows, options are available for hiring internationally without setting up an entity, which involve the provider assuming most liability and taking care of local compliance matters wherever professionals are hired on your behalf.