Month: May 2024

If you are looking for global expansion for your business, then you must hire a global or international PEO. Yes, a global PEO is the one-stop answer for all your overseas dreams and needs. Small, medium or even large companies intending to expand globally can easily accomplish their mission through a global PEO.

Large companies might find it difficult to handle a global workforce and this is where the global PEO pitches in! Moreover, your business might have decided to expand in countries wherein your employees tend to face barrier of language. Here again, a global PEO through its in-house local expertise can help to solve the communication problem and ease your business. So, if your business is desirous of expanding in more than one country, a global PEO is the right choice. A global PEO helps to handle payroll, HR, employee compensation and benefits, recruitment, medical insurance and compliance related matters.

Why Should You Hire A Global Or International PEO?

It is vital to understand that by hiring a global PEO, you can begin operating your business in foreign lands within days instead of waiting for months. When your business expands in numerous foreign countries, you tend to face multiple problems such as adherence to local laws, language barrier, global recruitment, legal and financial issues, tax compliance and data security to name a few.

However, by selecting the right global PEO, your business expansion goals can easily succeed in a short span of time.

Operating Technique of a Global PEO

Once you hire a global PEO, this is how it begins working on your behalf.

• A global PEO begins operating on the foreign land within days without establishing any foreign entity; thus, saving time and money.
  
  
• A global PEO easily manages to hire local employees within 48 hours as per the local laws of the country.
  
  
• A global PEO through its local team of professionals is able to handle the HR and payroll related matters, employee insurance, compensation and benefits as well as termination.
  
  
• While all this is being handled by a global PEO, you can easily manage daily communication and control the working of your employees.
  
  

Hence, it can be easily understood that a global PEO becomes a kind of ‘co-employer’.

Primary Functions of a Global PEO

After selecting a global PEO for your business expansion needs, it is vital to understand the primary functions of the global PEO.

1. The employment contract is prepared by the global PEO. This contract is thoroughly examined by the client and then via mutual agreement both the parties sign it. This contract mentions the terms and conditions as per which the employees will work in the foreign country for the client.

2. The offer letter is prepared and sent to the employees and the client. The employees need to sign it and send it across to the client.

3. Next, the global PEO ensures that all administrative tasks related to the employees are conducted in a manner which is conducive to the local working environment.

4. The global PEO calculates and disburses the salary through proper payslips. All this includes tax computation, paid leaves, travel allowance and medical insurance—completely in compliance with the local set-up of the respective countries.

5. The global PEO provides complete administrative support to the client in terms of handling all employee related matters ranging from benefits, compensation, disputes, disagreements, and even termination.

Conclusion

To make global expansion of your business simple and successful, hire a global PEO. A global PEO will provide customized solutions to your needs in different countries, coming up with cost-effective and compliant ways of entering foreign markets. A global PEO will function as one dedicated partner to handle your global workforce with ease.

You tend to bless your stars if you are working under a great and considerate boss. But, what happens if your boss is a terrible manager! Yes, if you happen to work under an awful boss, it might be time for your make the change. How do you decide that your boss is good or bad? 

Let us go through some of the significant signs which help you analyse that you are working under an awful boss:

1. Your ideas are constantly rejected by your boss: Your boss might a person who is not interested in making any changes to the manner of working of your team. So it could be possible that your ideas, views or opinions are rejected at the workplace by your boss. This will make you feel dejected and less motivated to work.

2. Your hard work never gets appreciated or acknowledged by your boss: An awful boss will never appreciate or let alone appreciate your work or extraordinary task accomplished by you. This will hinder your growth prospects in the company.

3. You are expected to be a perfectionist in your work by your boss: An awful boss never considers you a human prone to making mistakes. In fact, he wants you to deliver numbers without any delay or mistakes. This kind of behaviour is prone to make you feel disheartened and demotivated towards your work profile.

4. You are spoken to in a disrespectful and rude manner by your boss: It could be possible that your boss speaks in a rude manner to you and that too in front of the entire team. An awful boss is also at times disrespectful to you. All this makes you feel that you are no longer a valuable asset of your company.

5. No constructive feedback is provided by your boss: Your desire to evolve as a person professionally requires constructive feedback about your work from your boss. What if your boss fails to provide that? Yes, it is extremely discouraging if your boss speaks nothing about the manner in which you completed your project or the time taken to accomplish the task.

6. No freedom to work on your own in your work profile: It is quite possible that your boss constantly monitors your work and maintains constant supervision. An awful boss will limit your way of functioning and will coerce you to follow the mandated way of completing your project instead of applying your mind to your task.This happens to diminish your creativity and makes you dull-headed and dumb at your workplace.

7. You are constantly left out of significant projects by your boss: An awful boss will hinder your growth prospects in the company. Your boss might assign an important project to his favourite team member instead of assigning the task according to the calibre and potential of every team member. This will have a detrimental impact on your productivity in the company.

Conclusion

Therefore, to conclude, you should always look for signs which hamper your productivity and growth in the company. And, an awful boss is certainly a great impediment in your growth trajectory. However, you can either look for ways for modifying the habits and behaviour of your boss or simply change your company and work under a new, visionary boss.  

The work from home concept has now become a reality in the backdrop of the outbreak of Covid-19. The year 2020 has proved that the concept of work from home has become successful and is here to stay. Earlier, employees used to travel to their offices and work from their office. But now, the traditional concept of working from office space for specific hours has been replaced by the work from home concept. The sudden outbreak of the Corona Virus globally has made work from home environment a reality to reckon with.

It is to be noted that the advancements in the field of technology have enabled businesses and corporate houses to operate their business as usual by adapting their policies to the changed working environment. The new norm is work from home and it is here to stay for a while till a permanent cure comes up for the dreaded Corona Virus.

The changed working scenario has come up with its own set of challenges to be faced by both employees and employers. Employees, on their part, are concerned about job security and their family. The employers, on their part, are not just concerned about running their business but also how to keep their employees engaged and motivated in the remote work from home environment.

So, let us go through some of the innovative ideas adopted by employers to keep their employees engaged and motivated while working from home.

Building a community-like feeling among employees: This sudden transition from the office space to working from home has created a feeling of aloofness among the employees. While working from home, an employee has to create his virtual office like environment at home which might make him demotivated and less engaging in office work. The onus here lies on the employer to keep encouraging the employees (workforce) while working from home. This can be done by conducting a videoconference with all the team members together. Here, online discussion can be done not just about office work but also about each other’s routine at home, or pursuance of any hobby and so forth.

Basically, the idea is to develop and retain a connect among the team members via the online medias. This will help in overcoming feelings of anxiety, restlessness and isolation among the members of the team while they continue to work from home.

Building vigorous communication: As discussed above, the need of the hour is to take the assistance of advanced communication tools and ensure connectivity among the employees of the organization. Thankfully, today the companies taking advantage of robust communication tools such as Skype, WhatsApp, Microsoft Team and so forth can connect with their employees spread across the globe. This is how MNCs have been able to establish and retain their network among the employees of their organization spread across geographical boundaries.

Hence, companies and HR personnel should ensure to communicate with the employees at least on a weekly basis to ensure the mental and physical well-being of their employees via online communication tools.

Recognition and encouragement of employees: Appreciation and acknowledgement for good work goes a long way in boosting the morale of the employees of the organization. When you recognize the employee for his/her outstanding work or for delivering as per the deadline, the employee feels elated for his contribution to the organization. This not just acts as a morale booster but also provides motivation to continue working for the organization with renewed vigour and zeal. And this is actually what the employer is looking for and that too in the work from home environment.

Provide infrastructure and necessary equipment: Since the work from home concept is here to stay for a while, companies are coming up with novel ideas to enhance the productivity and the quality of work. The quality of work delivered by employees is directly associated with the kind of tools and equipment provided by the organization. These days, several companies as an add-on to the work from home policy, are offering table and chair to their employees for comfortably working from home. In addition, labtops with fast speed Wifi are also being provided by the organization for smooth functioning from home.

Moreover, the organizations can also offer perks and discounts, or conduct online classes for acquiring new skill—all these steps will certainly benefit both the employer and the employee while trying to balance work and home together.

Therefore, to conclude, the outbreak of the Covid-19 pandemic has brought several challenges for the business community. Still several novel ways and means have come up to keep the employees motivated and engaged while working from home.