Exposure to foreign investment opportunities, access to more talent, learning new cultures, and improving the company’s reputation are some of the reasons big business owners like to expand globally. The potential for new revenue is also another reason to spread tentacles internationally. In growing your business, you need to be sure of how onboarding new employees and their payroll management work. International PEO platforms offer immense help to those business owners who are not sure how to go about this.
What is a PEO, and what do they offer?
A Professional Employer Organization (PEO) is an organization that enters into a co-employment deal with an employer, thereby allowing them to share and manage many of the organization’s employee-related responsibilities. Most business managers usually have many things to handle and need professional help. It is more like hiring more of yourself to help you do some of your jobs. PEO platforms practically help you with most of your human resources activities. Canada is one of the most culturally diverse and developed countries with a common location for International business expansion. It is no longer news that many business owners hoping to expand globally have Canada as their location options.
Why Canada and the need for a smart growth strategy
Canada has been welcoming skilled immigrants from all over the world in recent years. There are so many job opportunities in Canada at the moment. Business owners who are not already in Canada but have the desire to extend their business activities there can employ the services of a Canada PEO. Since Canada is gradually getting more populated with people, more offices, and more residential buildings, there is a need to implement a smart growth technique when setting up there. You can partner with a PEO service for a smart growth strategy. Canada PEOs have in-house licensed entities and local labor contracts. Advantages you will get from the Canada PEOs are:
- Improvement in the management of human capital;
- Better management of the payroll of your staff;
- Control of all associated taxes;
- Better compliance;
- Reduction of business risks;
- Ease of employing Canadian workers.
First steps with a Canada PEO
Working with a Canada PEO allows your organization to begin hiring and onboarding local professionals even when you do not have an established subsidiary there yet. Obtaining work visas and expanding your business into Canada with full legal compliance can be very time-consuming. When you go through PEO platforms, they can help you handle staff, work visas and even expedite the process of renting office space depending on the needs of your organization
Hiring in Canada using PEO platforms
Canada is a bilingual nation with English and French as the first language in some of its provinces. In Quebec, French is the official language. It is essential to provide employment contracts in the correct terminology for the employee and the region where the employee will be based. Depending on where you are looking to establish, you have to familiarize yourself with rules in that location. Canada has both federal and provincial employment laws. Providing employees with a formal contract is not compulsory, but you need to specify the details of any employment arrangement. You don’t want to start a new professional partnership based on miscommunication.
The benefits, salaries or wages, leave allowances, and any other assistance will be in the detail of the employment contract. There is a universal health care system in Canada to help residents and workers with their necessary healthcare needs. There are hiring challenges for different locations, so the best way to save yourself the stress is by employing a well-known global PEO service. They will already know everything you want to find out about the location, the first language, federal or provincial laws, and all benefits open to workers in any place. Partnering with a PEO that offers recruitment coverage avails you the service of ongoing support in terms of recruitment and onboarding of employees.
Final word
Business owners who have decided to expand their activities to foreign countries face a significant challenge with how to go about it. The emergence of PEOs is mainly to help them solve those challenges. Hiring a PEO with international recognition is critical if you want to get things right and not breach country rules.
Martha Payne is a Personal Growth Coach with 10 years of experience working as a business development professional. She is truly passionate about nurturing talent and ideas that evoke transformative change in individuals, teams, and organizations. Her focus is to help organizations develop leaders for the future – unleashing the full talent, passion, and potential of individuals (in particular Millennials) through tailored leadership development and coaching programs.
