Velocity Global, the world's expert on work, has successfully opened new entities in El Salvador and Georgia, allowing customers easy and compliant access to talent in these economies. The new entities will open opportunities for organizations and local talent alike. Additionally, the company has obtained a Haken business license in Japan to ensure continued compliant operations in the country.
With a steadily growing economy and strategically located between Europe and Asia, Georgia is an attractive market for growing companies looking to do business in the region. El Salvador offers a favorable business climate with the modernization of foreign trade operations, new physical and digital infrastructure, and a newly implemented legal framework that protects and promotes foreign investment.
As the demand for a global workforce continues to grow, including filling specialized open positions, entering new markets, or supporting M&A transactions, the scrutiny to do so compliantly has increased. Failure to comply with local laws and regulations can be a costly mistake for companies, both financially and reputationally. Velocity Global combines its cloud-based technology with in-depth legal and HR expertise in over 185 countries to create a robust, self-serve platform. The Global Work Platform™ integrates with other leading HR technologies to compliantly hire, pay, and manage employees anywhere in the world.
“Companies looking to engage talent in new markets must comply with local rules and regulations, in addition to unwritten rules and employee expectations. There are pitfalls around every corner,” says Laura Isaza, Vice President of Subsidiary Management and Corporate Governance at Velocity Global. “Compliance has always been a cornerstone of how we do business. As a strategic partner to our customers, we help them hire talent compliantly and strategize on how a global workforce can help them meet their business goals.”
The recent acquisition of a Haken license in Japan will enable Velocity Global to provide Employer of Record (EOR) services locally in the most compliant way. Haken relationships are under strict government scrutiny, with all documents in an employee’s hiring package reviewed and approved by the Ministry of Labor to certify a compliant operation.
These latest updates continue to demonstrate the company’s customer-first focus. By compliantly engaging with a borderless workforce, customers can drive meaningful business value by focusing on what’s important to their business.
Learn more about Velocity Global’s solutions at www.velocityglobal.com.
