Global PEO Services
What is Global PEO?
A Global PEO (Professional Employment Organisation) is an outsourced third-party provider specialising in the employment and management of international staff on behalf of organisations expanding internationally to foreign countries. International employment services are provided to organisations which do not have a local entity to employ staff directly, or are not seeking to employ staff locally. International staff are employed by the PEO, which becomes the employer of record and is responsible for the management of all in-country employment, payroll, insurance and tax obligations. This model outsources all the risks and costs associated with management of employment contracts, and eliminates your need for foreign entities/subsidiaries. Global PEO is also known as Employee Leasing or GEO (Global Employment Organisation).
Advantages of PEO Model
Market Entry
Moving into new markets can be very time consuming if you go down the path of setting up a foreign entity, bank accounts then hire and pay staff via local legal and accounting advisers.
By using the Global PEO model we can hire, mobilise and pay your staff within a few days so that your team can hit the ground running and get on with the more important tasks of growing your business locally.
Flexibility
Expansion to any new markets often requires both fluid and flexible employment arrangements to phase in growth over time.
This often leads to Management deciding between different work contracts to meet growth demand requirements.
From Full time staff, part timers, casuals or even contractors, our PEO model is fully flexible and highly fluid to ensure our specialist team will remain compliant with any employment type.
Risk Avoidance
Employment contracts expose organisations to a high degree of compliance risk.
The PEO model eliminates management risk associated with adhering to legal and regulatory requirements specific to each country.
By outsourcing international employment to a dedicated PEO; Insurance, workers compensation coverage, OH&S policies, and specialist in-country payroll teams ensure compliance.
Market Exit
Global expansion into new foreign markets doesn't always go to plan, so if ever a organisational descaling event arises the PEO model is the fastest and most cost effective way to exit any market. Why pay legal, accounting and auditing advisers to scale back your operations over an extended time period, when you can quickly move away from markets which are proving to be non-viable for your business?
Efficiency
Expansion into foreign markets can be an extremely expensive process when utilising global Law firms, Accounting advisers and Auditors. Complexities include the set up local entity/foreign subsidiary, foreign bank accounts, and consolidated group accounting practices for your Head Office.
The outsourced PEO model eliminates set up costs and provides time and cost efficiencies by leveraging a specialist team.
NAPEO Whitepaper Sep 2017 - PEOs Good for Business and Their Employees
Advantages of Using a PEO for Small and Mid-Sized Businesses
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Annual median revenue growth for PEO users was twice that of comparable non-PEO firms;
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Expected annual median revenue growth for PEO clients is 40 percent greater than that of comparable non-PEO firms;
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PEO client firms were 16 percent more likely to report an increase in profitability; and
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PEO users are significantly less concerned than non-PEO users about their ability to handle key business challenges;
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Hiring employees (45 percent of PEO clients reported this was a "moderate" or "major" concern, versus 70 percent of non-PEO firms);
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Increasing revenue (73 percent of PEO clients reported this was a "moderate" or "major" concern, versus 90 percent of non-PEO firms); and
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Raising capital/funding (18 percent of PEO clients reported this was a "moderate" or "major" concern, versus 45 percent of non-PEO firms).
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As your Global Expansion Partner we take on all the risk associated with your global employment contracts so you can focus on growing your business to success internationally. We are simply an addition to your team...
Our PEO Service in more detail
1. Client Assessment
Our team works with you to form a client assessment tailored to your requirements, and provide information relevant to country specific items for your consideration. All relevant costs are then itemised in our proposal and service agreement, so you can make an informed decision befitting your feasibility analysis. Our flexible contract arrangements keep your business as fluid as you need it to be, with no lock-in or fixed term contracts.
3. Employee On-boarding
By utilising our employee on-boarding process in collaboration with any specific organisational requirements you bring to our attention, our team will begin on-boarding staff in an agreed manner so you can reap the rewards of having their skills and experience on the ground very quickly.
5. Client Payrolls
Part of our initial client assessment is to determine when employees are to be paid. We then schedule these accordingly in our payroll software and a designated payroll officer is assigned to ensure staff are paid on time and in accordance with local regulations, as well as provide you with the client support required. We also plan for public holidays so staff can budget accordingly.
7. Open-ended Collaboration
Our designated HR support staff are here to assist you at any time. If you require support with staff performance, employment, terminations, payroll related, salary packaging, or any other staff related changes/issues urgently, we are online to collaborate with you and to ensure a compliant solution is facilitated.
2. Client Account
Based on your feedback and any relevant company policies and procedures raised during our initial assessment, your account is enacted in our HR and accounting systems. Our team then generates employment contracts specific to each staff member you wish to on-board, making this process seamless for your team. Once we receive the digitally signed contract, we move to the next step.
4. In-country Assistance
Collaboration with our client and staff is key to assisting employees succeed in their role, and your overall success in new markets you enter. Our team can assist in providing training on our HR, payroll, employee self service systems, expense claim management, travel bookings and salary packaging. Please refer to our Value added services and HR page for further information.
6. Client Invoicing / Reporting
Client invoices are generated after each payroll and monthly in a timely/accurate manner. These are sent to your designated team members for processing. Client reports are issued monthly so that you have full visibility of relevant costs by employee. Our standard client reporting may be customized based on client requirements.
8. Enhanced Services
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Pre-employment screening
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Pre-employment Medicals
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Employment Vaccinations
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Employee Travel bookings
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Employee Expense Claim Management
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Relocation services
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Salary Packaging
HR Management Software
Take away the stress of employing and on-boarding staff with our cloud based HRMS platform. Our paperless contracts and relevant documents are prepared in our platform then digitally executed by you and employees to facilitate a seamless on-boarding process. Our Employee self service (ESS) module ensure the capture of complete and accurate data for payroll processing.
Both Clients and staff have the comfort and reassurance that our technology is totally secure and personal data is protected at all times.
Innovative Technology solutions
Continually improving and developing innovative software solutions is critical to meeting demands of an ever changing landscape for Global Solutions we provide. Our Leadership team invests only in best-in-class technology to ensure we provide leading and efficient solutions to our clients.
The GEH Leadership Team place the highest priority on Data protection, and ensure we invest and maintain the highest levels of security to safeguard our organisation and client information at all times.