Expanding your business globally can be a complex and time-consuming process. One of the biggest challenges companies face is managing employment in a foreign country.
Globalization Partners is a global PEO (Professional Employer Organization) that can help businesses navigate the complexities of international employment. But is Globalization Partners the best global employer of record? Let’s take a closer look.
What is Globalization Partners? Overview
Globalization Partners is a leading provider of global Employer of Record (EOR) services, which help businesses expand their operations into new countries by acting as the legal employer.
Globalization Partners take care of all the legal, financial, and HR requirements of hiring employees in that country. This allows businesses to quickly and easily enter new markets without having to establish a legal entity or navigate complex international employment laws on their own.
In addition to EOR services, Globalization Partners also offers global payroll, compliance management, and talent acquisition services to support businesses in their global expansion efforts.
| Company Name | Globalization Partners |
|---|---|
| Founded | 2012 |
| Headquarters | Boston, Massachusetts, USA |
| Services | Global Employer of Record (EOR) platform |
| Number of Countries Covered | 180+ |
| Industries Served | Technology, Finance, Professional Services, Healthcare, and more |
| Types of Employees Hired | Full-time, part-time, contractors |
| Key Features | Compliance, Payroll, Benefits, Onboarding, HR support, Legal support |
| Customer Reviews | Positive |
| Awards | Forbes Cloud 100, Deloitte Technology Fast 500, Inc. 5000, and more |
| Website | www.globalization-partners.com |
What do Globalization Partners do?
Globalization Partners helps businesses navigate the complexities of international expansion and mitigate risks associated with entering new markets.
Services offered by Globalization Partners
Globalization Partners offers a range of services to help businesses expand globally. These include –
- Global Employer of Record: This service allows businesses to hire employees in other countries without having to set up a legal entity in that country. Globalization Partners takes care of all the legal and administrative tasks associated with hiring employees in a foreign country.
- International Payroll: Globalization Partners offers a payroll solution that is compliant with local laws and regulations in each country where they operate. This ensures that employees are paid accurately and on time.
- Immigration Services: Globalization Partners can help businesses navigate the complex process of obtaining work visas and permits for their employees in other countries.
Why Choose Globalization Partners?
There are many benefits to using Globalization Partners as your global employer of record. Here are a few reasons why they stand out:
- Compliance: One of the biggest challenges of employing people in foreign countries is compliance with local labor laws. Globalization Partners takes care of this for you, ensuring that your employment practices are in line with local regulations.
- Flexibility: Globalization Partners offers a range of services to meet your specific needs. They can provide full-service employment solutions or just handle certain aspects of employment, depending on what you require.
- Efficiency: Globalization Partners streamlines the process of employing people overseas, saving you time and resources. They handle all administrative tasks, such as payroll and benefits, so you can focus on running your business.
- Knowledgeable team: Globalization Partners has a team of experts who are knowledgeable about international employment. They can provide guidance and support throughout the process of expanding your business overseas.
Pros and Cons of Globalization Partners
Globalization Partners is a global employer of record (EOR) that provides services to companies looking to expand their business into new countries. Here are some Pros and Cons of working with Globalization Partners:
Pros
- Expertise in local laws and regulations: Globalization Partners can help ensure your company is compliant with local employment laws, tax laws, and other regulations in the countries where you operate.
- Streamlined onboarding: The company can assist with hiring, onboarding, and payroll processes for new employees in foreign countries, making the process more efficient and less time-consuming for your business.
- Access to global talent: By partnering with Globalization Partners, you can more easily access a pool of qualified candidates in different countries, allowing you to build a diverse and talented workforce.
- Cost-effective: Partnering with an EOR like Globalization Partners can be a more cost-effective option than setting up a legal entity in each country where you operate, which can be a complex and expensive process.
Cons
- Loss of control: When working with an EOR, you may have less control over the employment relationship with your staff, as the EOR technically becomes the employer of record.
- Communication issues: Depending on the country and culture, there may be language barriers or communication issues that can cause misunderstandings or delays.
- Limited flexibility: Globalization Partners offers set packages of services, which may not be customizable to your specific needs.
- Less personal touch: Working with an EOR can feel impersonal, as you may not have direct contact with your staff in other countries.
Globalization Partners Features
| Features | Closest competitors | Globalization Partners comprehensive solution |
|---|---|---|
| Available in 187 countries | No | Yes- The world is at your fingertips |
| Worldwide entity infrastructure built and staffed in-house by world-class legal, HR, and tax experts | No | Yes- Ensure compliance by using one vetted partner |
| Transparent pricing and consolidated invoices | Inconsistent | YesKnow what to expect every month |
| Regional and in-country experts are available 24/7 | Inconsistent | Yes -Streamlined communication with our local, in-house HR experts, held to 97% customer satisfaction rating |
| Help Center for you and your global team | No | Yes- Get your questions answered with fast response times |
| End-to-end technology platform | Inconsistent | Yes- One simple, secure login, globally accessible via desktop or mobile |
| Automated employment contracts | No | Yes- Digitized options to make issuing offers to valuable candidates quick, compliant, and easy |
| Easy time and expense management via a mobile app | Inconsistent | Yes- Seamless experience for global employees |
| Employee data protected with a GDPR-compliant solution | Inconsistent | Yes- No more storing data in email and spreadsheets |
| Add headcount anywhere in just a few clicks | No | Yes- Take control of your growth timeline and scale faster |
| Maintain legal ownership of intellectual property | Inconsistent | YesKeep one of your company’s critical assets under your control with a product built by a world-class legal team |
| Preferred partner of major payroll providers | No | Yes -The most trusted brand in the industry |
| Vetted and endorsed by world-class employment lawyers and analyst firms | No | Yes- Market leader operating globally since 2012, built to scale with you |
| Proven financial stability | No | Yes- a $150M minority investment in January 2020 ensures a strong cash position and provides assurance your team is secure |
| Leading remote teams | Yes | Globalization partners are best at leading remote teams |
Globalization Partners Pricing
If you’re interested in using Globalization Partners for your business needs, you’ll need to request a demo to get pricing information. The company doesn’t provide pricing details upfront, but they’ll work with you to create a custom quote based on your specific needs. So, if you’re curious about what Globalization Partners can offer your business, reach out to them for a personalized demo and quote.
What Do Customers Say About Globalization Partners?
Customers have praised Globalization Partners for their efficient and effective services, as well as their knowledgeable and responsive team. They have received positive reviews on platforms such as Trustpilot and G2, with customers stating that they have had a smooth and hassle-free experience working with Globalization Partners.
- G2: 4.7 out of 5 based on 60 reviews
- Trustpilot: 4.5 out of 5 based on nearly 20 reviews
Globalization Partners Funding & Investment
Globalization Partners has raised a total of $350 million in funding from investors through two rounds. The latest round was a private equity (PE) round that took place on January 24th, 2022, which raised $200 million.
Globalization Partners Market
Globalization Partners serves in the B2B, SaaS space.
Globalization Partners Competitors
Globalization Partners competitors include Papaya Global, Remote, WorkMotion, ADP, Oyster, Ontop etc,. Globalization Partners ranks top among 9 active competitors.
Globalization Partners social media links
Globalization Partners social media links
FAQ on Globalization Partners
When was Globalization Partners founded?
Globalization Partners was founded in 2012.
Who is the founder and CEO of Globalization Partners?
Nicole Sahin is the founder and CEO of Globalization Partners.
Where is Globalization Partners headquarters?
Globalization Partners’s headquarters are located at 175 Federal St Fl 17, Boston, Massachusetts, 02110, United States.
What is Globalization Partners’s phone number?
Globalization Partners’s phone number is (888) 855-5328
What is Globalization Partners’s Revenue?
Globalization Partners’s revenue is $298.4 Million
How many employees does Globalization Partners have?
Globalization Partners has 1,373 employees
Who are the investors of Globalization Partners?
Investors of Globalization Partners include Vista Equity Partners, Paycheck Protection Program, TDR Capital, Sands Capital and Wincove.
When was the last funding round for Globalization Partners?
Globalization Partners closed its last funding round on Jan 24, 2022 with the amount of $200 Million
Is Globalization Partners a public company?
Globalization Partners is private company therefore does not currently have an official ticker symbol.
In conclusion, Globalization Partners is an excellent choice for companies looking for a global employer of record. Their services are comprehensive, flexible, and efficient, and they have a team of experts who can guide you through the complexities of international employment. Their positive customer reviews also demonstrate their commitment to providing excellent service. So if you’re considering expanding your business overseas, Globalization Partners is definitely worth considering.
