Global Employment Outsourcing
Global Employment Outsourcing (GEO) is a business practice where companies hire external organizations to manage their workforce in different countries. This approach allows businesses to access a global talent pool while minimizing the complexities of local employment laws and regulations. GEO providers handle tasks such as payroll, compliance, and employee benefits, enabling companies to focus on their core operations.
By utilizing GEO, companies can expand their reach into international markets without the need for establishing a physical presence. This strategy is particularly beneficial for startups and small businesses looking to scale quickly while managing costs and risks associated with global hiring.