Welcome to the May edition of “The Global Talent Horizon.” This month, we explore how Acumen International alleviates the complexities of global business expansion. Our expertise in placing foreign talent, combined with superior customer service, innovative platforms, and cutting-edge technology, ensures comprehensive EOR solutions.
Discover how our commitment to excellence simplifies your journey into new markets, positioning Acumen as your trusted ally in fostering global growth through expertly managed, stress-free international talent acquisition.
Navigating International Expansion in 2024: Technology and Strategy Insights
A recent Forbes article highlights key trends for businesses strategising their international operations in 2024. At Acumen International, we align with these insights by providing comprehensive EOR solutions that simplify your global hiring efforts.
Key insights include;
- capitalising on green and digital transformation policies,
- leveraging flexible talent hubs and
- engaging with innovation ecosystems.
Our strategic foresight ensures your expansion is both current and forward-thinking.
Read the full Forbes article here >>
Debunking Global Expansion Myths: True Expertise Unlocked
Expanding internationally can be fraught with myths that can deter companies. Acumen International dispels these myths, offering clarity and expert support to ensure your global expansion is successful and stress-free.
Quick market entry is always possible.
- Reality: Visa and immigration processes vary widely and can delay plans. Acumen ensures you navigate these waters with expert precision, planning for realistic timelines.
It’s too complex and risky.
- Reality: With Acumen’s expert EOR solutions, we handle the complexities of compliance, payroll, and local regulations, ensuring a smooth transition into new markets.
You must incorporate locally to operate.
- Reality: With Acumen’s EOR services, start operating in new markets without immediate incorporation, testing the waters before making large commitments.
International hiring is necessary for global growth.
- Reality: Bring your trusted team along! Acumen supports your expat visa and immigration needs, keeping your core team intact.
EORs only handle administrative tasks.
- Reality: Acumen provides comprehensive end-to-end solutions far beyond mere paperwork processing. We help you with everything from strategic planning to full operational deployment.
With Acumen’s expert Global EOR solutions, we handle the complexities of compliance, payroll, and local regulations, allowing you to focus on strategic growth.
Explore how we simplify global expansion >>
Small Countries, Big Impact: Discover Hidden Gems for Remote Talent
Small nations often pack a significant punch in the global talent pool. Acumen International highlights exceptional opportunities for hiring remote talent in lesser-known yet advantageous countries. These countries offer favourable tax regimes and high quality of life, making them attractive for remote workers.
- Discover Andorra: Remote Talent Paradise is ideal for businesses valuing privacy and innovation. Learn more about Andorra >>
- Channel Islands: Unleash Potential Access dedicated professionals in a stable economic climate. Learn more about Jersey >> Learn more about Guernsey >>
- Luxembourg: Small Country, Big Talent A hub of multilingual professionals perfect for international businesses. Learn more about Luxembourg >>
- Liechtenstein: Strategic Talent Acquisition Benefit from high-skilled remote talent in a central European location. Learn more about Liechtenstein >>
Legislation: What’s New in Global HR Legislation
Stay informed with the latest developments in global HR legislation to ensure your business remains compliant and ahead of the curve.
EU AI Act: Regulating Artificial Intelligence
The EU Council has approved the AI Act, the world’s first major law regulating artificial intelligence. This law sets comprehensive rules surrounding AI technology and applies a risk-based approach, prohibiting applications deemed “unacceptable” and imposing stringent requirements on high-risk systems.
- Employer Impact: This has major implications for any entity developing, using, or reselling AI in the EU, particularly for U.S. tech firms.
- Employer Actions: Ensure compliance with the new regulations, focusing on transparency, risk management, and cybersecurity. Acumen’s EOR services can help navigate these changes effectively.
Learn more about the EU AI Act >>
Singapore Tightens Rules for Hiring Foreign Professionals
Starting next year, Singapore will raise the salary criteria for foreign professionals applying for employment passes. The new minimum salary will be S$5,600, with higher thresholds for the financial sector. This move aims to ensure high-quality employment pass holders and maintain a level playing field for locals.
- Employer Impact: Stricter hiring criteria may limit the pool of eligible foreign professionals.
- Employer Actions: Review hiring strategies and salary structures to comply with the new requirements. Acumen can help manage these changes and streamline the hiring process in Singapore.
Learn more about Singapore’s new hiring regulations >>
EU Platform Work Directive: Protecting Platform Workers
The EU Parliament has adopted the Platform Work Directive, which aims to improve the working conditions of platform workers and regulate the use of algorithms in the workplace. The directive introduces a presumption of employment, ensuring the correct classification of workers and protecting against unfair algorithmic decisions.
- Employer Impact: The directive requires the reclassification of platform workers and adherence to new rules on algorithmic management and data protection.
- Employer Actions: Implement changes to comply with the directive, ensuring human oversight in decision-making processes and robust data protection measures. Acumen’s Contractor Management services can assist in navigating these regulatory changes.
Learn more about the EU Platform Work Directive >>
Summary and Close
Acumen International reaffirms its commitment to valuing human interaction and innovation as we explore avenues for seamless global expansion. Our expertise ensures your business can expand internationally with peace of mind and reassurance. Experience the difference a well-managed, people-powered approach can make to your international expansion ambitions.
✉️ Speak to an Advisor to Expand Your Business Internationally >>
Thank you for joining us this month. Here’s to a future where global expansion is seamless and successful with Acumen International by your side.