BUSINESS STRATEGY
Ensuring compliance with regulatory standards
Laura Maffucci , Head of HR , G-P
One of the most complex challenges of building and managing teams in multiple locations globally is navigating legal , regulatory and compliance requirements . Labour laws , tax codes and employment practices are different and specific to each individual market . Businesses must prioritise compliance from the outset to avoid disruptions and expensive fines . For example , EU and UK GDPR imposes strict requirements on how companies handle personal data , with severe penalties for non-compliance .
Navigating the complexities of international and local regulations is essential for smooth operations in foreign markets . Compliance involves staying informed about the regulatory environment in each market , including any changes that could impact their operations . The introduction of emerging tech , like AI , is poised to help . In fact , 49 % of executives globally believe AI can help predict business challenges in prospective new markets , underscoring the role of technology in navigating international expansion .
EORs can help business leaders more efficiently manage hiring talent across borders . At G-P , we recently introduced AI-powered global hiring and onboarding to help businesses manage the offer process , execute employment agreements and facilitate onboarding and benefits set-up , all while ensuring hiring teams receive real-time guidance through onboarding workflows in accordance with country-specific regulations .
By leveraging technology and taking a proactive approach , companies can mitigate risks and seize opportunities , ensuring that their international expansion efforts are successful in the long-term .
Ensuring a strong foundation for international success
Success isn ’ t drawn in a linear path and can take many forms . Yet successful global expansion requires more than just a desire to grow – it
demands a well-thought-out strategy that addresses cultural , human , operational and regulatory challenges across markets . By investing in understanding nuances across regions , maintaining a strong company culture and leveraging best-in-class technology to ensure compliance , businesses can navigate the complexities of the global workforce and move toward sustainable growth . x www . intelligentcxo . com
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