If you’re looking to grow your business internationally, or hire employees overseas, Horizons streamlines the process with its global PEO and payroll solutions. This ensures full compliance with local tax and employment laws. Horizons’ global PEO recruits and hires employees across 180+ worldwide markets, onboards your new team in as little as 48 hours, and saves you up to 85% on hiring costs.
Horizons’ Global PEO & Employer of Record means hiring new employees, or trading in foreign markets, in as little as 48 hours. Horizons takes care of recruitment, payroll and compliance, leaving you to focus on growing core business in a new market.
With entities across major international markets, you no longer have to work with multiple providers when expanding into more than one country.
We provide a competitive suite of compulsory and supplemental benefits to your employees, in accordance with all local legal requirements.
Establishing a foreign entity generally takes weeks or months to complete. We help you hire and onboard local professionals in as little as 48 hours.
In-country legal guidance through employee acquisition, contract renewals and termination, benefits distribution, and HR compliance; as well as local tax, law, and financial expertise.
As the only Global PEO with a dedicated in-house recruitment team, we ensure that you find the right talent to help you grow your business.
Our bespoke platform provides you with a secure and seamless online portal to manage your employees. Anytime, anywhere.
Partnering with Horizons helps clients save thousands compared to the cost of setting up their own foreign entity. With PEO services starting from $290 per employee, companies can expand their global presence quickly, compliantly, and cost-effectively.
A Global Professional Employer Organization (PEO) provides employee management services that encompass the hiring and onboarding of employees, payroll, benefits, and additional HR duties. Partnering with a Global PEO assists companies seeking to expand internationally by allowing them to quickly hire, onboard, and pay their global workforce.
A PEO acts as the employer of a workforce on behalf of a client company. By hiring employees on behalf of a client company, a PEO becomes the Employer of Record for legal and tax purposes. Even though a PEO oversees global payroll and HR functions, the client company retains autonomy and direction over employees. This allows a company to focus on its core business objectives, while the PEO absorbs all local employer liabilities.
While the services offered by a PEO can vary between providers, key services often include payroll and benefits management, recruitment, onboarding, HR, and legal and tax compliance.
There are numerous benefits to using a global PEO to establish and manage your international workforce. These include:
Using a Global PEO allows companies to expand into multiple countries with the support of one designated partner. This not only facilitates a streamlined expansion, but also saves costs that are traditionally spent on multiple providers.
A Global PEO manages a company’s international payroll and benefits distribution, employee onboarding, HR duties, and legal and tax compliance. By acting as an employee’s Employer of Record, a Global PEO also takes on all local employer responsibilities. This ensures that companies quickly and compliantly tap into new markets, with one partner through the lifecycle of their global expansion.
Horizons’ Global PEO is the only global PEO with an in-house recruitment team. As well as providing all the services of a specialist PEO, we connect your business to top local and international talent.
Due to the ever-changing landscape of international employment law, it is pivotal that companies maintain compliance with employment regulations that govern their market of operation. Companies need to stay abreast of any changes to local payroll, benefits, and tax laws. Failing to comply with the necessary employment laws can lead to significant fines and additional penalties.
When a company engages the services of a Global PEO, many of the risks around tax and legal compliance are alleviated. A Global PEO is an expert in international employment law and as such, typically has an established legal presence across major international markets.
The Global PEO ensures that employees employees are paid, and tax is withheld, in full compliance with local legal requirements.
Horizons goes above and beyond bare legal compliance — it also ensures that employees receive market-competitive compensation and benefits.
Permanent establishment refers to a fixed place of business through which the business of an enterprise is wholly or partly carried on. The existence of a permanent establishment means that corporate income tax is applied to the profits of that permanent establishment.
For businesses that inadvertently create a permanent establishment in a new country, they may be hit with unexpected tax bills and additional penalties.
A Global PEO, such as Horizons, can provide advice on whether the presence of a business in a country is likely to constitute a permanent establishment. This will determine whether a Global PEO solution is appropriate, or whether another option, such as a local legal entity, should be pursued.
The global business market presents infinite possibilities for companies seeking to grow their brand. While transitioning into a foreign market comes with an element of risk, companies across all industry verticals recognize the opportunities that expansion offers.
When a company is preparing to launch their international operations, a Global PEO provides assistance around a number of key areas. By engaging a Global PEO to oversee and administer payroll and benefits, business owners can rest assured that their global workforce is compensated in a competitive and compliant manner. This ensures that businesses avoid fines and negative publicity. It also helps businesses to attract and retain high-level talent on which to grow their international operations.
When expanding into multiple overseas markets, HR may be difficult to manage. It takes a great deal of time and manpower to administer payroll and benefits on a global scale.
A Global PEO provides a viable solution to this problem. You’re able to outsource the complexities of HR integration and global payroll to an experienced partner. This allows your business to expand quickly, compliantly, and cost-effectively.
It is sometimes difficult for small-to-medium-sized businesses to source a competitive benefits package for employees: Packages that include health care and other supplemental benefits may only be cost-effective for companies with an extensive pool of employees. However, without such benefits, companies may find it challenging to attract and retain high-level talent.
By engaging the services of a Global Professional Employer Organization, companies receive guidance to offer the most competitive benefits to employees. This not only improves acquisition of new employees, but helps to maximize employee retention.
Competitive benefits are vital for companies expanding internationally, as foreign employees may expect guaranteed benefits that are not offered in the employer’s home country. A Global PEO assists companies to administer benefits in a manner that is both compliant and cost-effective.
When conducting international business, companies need to be aware of regulations passed by different countries. As an example, companies expanding their operations into Europe must consider the General Data Protection Regulation (GDPR) – passed by the EU in 2016. This law was implemented to establish privacy and security rights for individuals, in regards to their digital data. For companies transitioning into the EU, GDPR stipulates that any client or employee data needs to be secure, accessible to the individual, and safely transferable. Any company that does not comply with GDPR can face significant fines and penalties.
When a business engages the services of an International PEO with a GDPR-compliant platform, they’re able to navigate the complexities of such a regulation. This ensures that all client and employee data is managed with the highest standards of professionalism and data security.
Businesses that are new to international expansion may find it challenging to project monthly HR expenses. This can be due to a number of factors that include international banking practices and currency exchanges.
A Global PEO has specialist experience dealing with such factors. For businesses that engage the services of a Global PEO, they’re able to develop accurate projected budgets. Horizons customizes this data in our cloud software, allowing our clients to access the employee data they need, in a user-friendly platform. By streamlining global payroll and benefits in such a manner, businesses can develop more effective budget forecasting.
Horizons’ suite of tailored expansion solutions allow you to fast-track your compliant expansion into overseas markets. With solutions that encompass our Global PEO, HR, recruitment, payroll, and legal compliance, you can extend your international operations with the support of one dedicated partner.
With global capabilities that span the Asia-Pacific, Middle East, Europe, and North America, we support companies to extend their operations on a truly global scale.
As the only Global PEO with a localized, in-house recruitment team, our specialists source, hire, and onboard top talent across all industry verticals.
No matter what industry you’re in, our customized PEO solution enables you to quickly, compliantly, and cost-effectively grow your business in new markets throughout the globe.
Horizon’s one-time and ongoing service fees for onboarding and managing your foreign-based staff are all covered by our PEO solution. When you partner with Horizons as your global PEO, what does the process look like? We set out our process below.
At this stage, the details of the engagement between Horizons and the client will be confirmed. This includes confirmation that the employee is to work exclusively for the client in the country of operations.
Our team drafts an offer letter and an employment contract, in accordance with client needs. These documents are drafted in English, as well as the country’s local language. Horizons then makes the appropriate statutory declarations with local authorities and registers the new employee at the local labor bureau.
Next, we ensure that all immigration, work permits, mandatory insurances, in-country tax registrations, and other key declarations and registrations are made as required by local laws.
We calculate all regulatory payroll items including individual income tax, social security contributions, and insurance payments. We then remit the payments through the disbursement of payslips. Expense management and monthly reimbursement are included at no extra cost.
Horizons takes on the full employer responsibility in the country of operations and manages all employment-related inquiries. We take care of all appropriate statutory declarations, handle any conflicts, and oversee all employee renewals and/or terminations.
International PEOs provide benefits to companies of all sizes – from small, localized businesses, right up to large Fortune 500 corporations. Partnering with an International PEO offers flexibility and resource savings for any company looking to expand.
Businesses with the following characteristics can benefit from partnering with a Global PEO:
– SME’s with between 1-100 international employees
– Top-tier enterprises with more than 100 international employees looking to expand quickly and compliantly.
– Businesses that need to commence operations in a new country quickly and at a lower cost; when compared to establishing their own foreign subsidiary.
– Businesses that do not have the financial or staffing resources needed to expand with their own entity.
– Any business that is planning a short-to-medium length expansion; that does not have plans for an indefinite market presence.
PEO stands for ‘Professional Employer Organization’. GEO stands for ‘Global Employment Outsourcing/Organization’. PEOs can operate either domestically, or internationally. Where they operate internationally, they are often known as a ‘GEO’. The terms ‘GEO’, ‘global PEO’, and ‘international PEO’ are often used interchangeably.
As the legal employer of your workforce, the PEO takes human resources and payroll responsibilities out of your hands. However, you still:
Your control over these matters is clearly set out in the engagement agreement between you and the PEO.