How Australia PEO can help your company expand into the Australia
Companies both within and outside of Australia have a list of options when it comes to expanding their business globally. To scale globally, it takes time, effort and money, which are all vital and precious resources to a company, no matter the size.
To make life easier for all parties involved during these times of pressure, companies have the option to streamline their global expansion efforts by partnering with a worldwide professional employment organisation (PEO) like Australia PEO. By partnering with an expert in PEO services, your time is freed up to concentrate on more pressing matters.
As a business owner pondering on the idea of global expansion, you might be thinking to yourself; this all sounds enticing, but what exactly is an international PEO? And, how will a PEO be able to help me if I choose to expand?
How do International PEOs work?
A PEO like Australia PEO is a company who you might partner with when expanding, to help you employ people on your behalf in the country you wish to penetrate. What this means for you, is that you don’t have to establish a legal entity in the country you want to expand to, to get the ball rolling. Australia PEO acts as your legal entity in Australia so that you can manage the expansion processes from your headquarters overseas.
In many cases, this style of partnership gives companies like yours a more balanced and sufficient amount of cooperation when it comes to the administration and logistics of staff contracts between the employing company, the administrative company and each individual staff member.
By giving us the responsibility to hire people on your behalf, without you even having to get on a plane, you can grow your business faster and cheaper than if you were to go by traditional methods. Australia PEO acts as your Australia-based company and therefore, the employer of your staff. On the flip side, if your market share is dwindling in Australia, and you have plans to exit the market, you can do so just as fast.
For most companies, one of the most advantageous areas of which Australia PEO can help is helping your company hire and keep the top talent for as long as possible, to help you thrive during these exciting times of expansion. Your company can focus on critical internal operations in your country while we, as your Australian PEO provider, can follow vital processes according to Australian law where needed.
What else do I need to know about using Australia PEO’s services?
There is a long list of reasons why many companies choose to partner with an international PEO. One such idea that stands out for global companies is that by using a local entity like Australia PEO, you know you’re getting the most up to date, professional advice for Australia at all times. You don’t have to worry about the unknown; we take away all the risks that come with hiring overseas, especially foreign independent contractors.
Different countries have different classifications when it comes to what makes independent contractors different from regular employees. Not knowing what these differences are could expose your company to some serious legal troubles. If your business is in the United Kingdom, for instance, and you onboard what you think is a full-time employee in Australia without going through Australia PEO, you’re not only mistakenly paying full-time benefits for those contractors, but you could be looking at a hefty fine.
Whether it’s intentional or not, companies all over the world are misnaming their employment types just to avoid full-time benefit requirements. With PEO services becoming more and more popular and the global digital economy on the rise, governments are taking a stand against wrongdoing like this.
You might be reading this thinking; this is not something I would do… but differing legal definitions of ‘independent contractor’ and ‘full-time employee’ varies from country to country, making this mistake an easy one to do. So, rather than spend your precious time and resources getting to know Australian classifications on both employment types, partnering with Australia PEO might be a very cost-efficient option for your business to help hire the best people for the tasks at hand for your expansion into Australia.
To find out more about the rules and regulations of expanding into Australia, visit the Australian Department of Industry and Science here.
Break into the Australian market with the help of Australia PEO
Australia PEO services have helped hundreds of companies just like yours penetrate the Australian market and do it successfully, without having to worry about noncompliance. We have the capabilities to help your company establish its presence on Australian soil within a matter of days. So, are you ready to take the first step in transforming your business internationally? Don’t delay – talk to us today.
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