Streamlining US expansion through Global Squirrels’ Employer of Record solutions

State-by-state variations in the employment laws of the United States result from changes made to the general federal legislation. Therefore, there is a lot of documentation and compliance required in the US.

With regard to employment, Global Squirrels’ Employer of Record in the United States takes care of everything, including onboarding your remote workforce, handling their payroll and benefits, maintaining compliance, and offering support with an international network.

If you’re looking to enter the US market, using the Global Squirrels’ platform as your reliable Employer of Record in the United States can be a wise move.

Three reasons why you should expand your business to the US

When readers in the US hear the term “business expansion,” they might consider going international. On the other hand, the opposite is also true: a large number of international corporations and entrepreneurs are keen to grow in the US.

The world’s greatest consumer market and economy are found in the US

As of 2023, the GDP of the US is $27.36 trillion. With a population of more than 334 million, the US has enormous opportunities for companies trying to increase sales and clientele. Additionally, the US has one of the greatest per capita incomes globally, giving it access to rich customers.

The labor force in the USA is exceptionally productive and skilled

The workforce in the United States is highly educated and skilled, which promotes productivity and creativity. Businesses can access a vast pool of qualified workers with a variety of backgrounds and specialties by expanding into the US. When serving US customers, hiring local employees also makes it easier to get overtime zone and language hurdles.

Access to a profitable and varied clientele

By growing your company into the US, you may take advantage of one of the world’s most lucrative and diversified consumer bases. The US market offers an opportunity to reach a wide range of consumer categories, each with its requirements and preferences, because of its large and diverse population. Because of this diversity, companies may reach a wider audience, offer more goods and services, and take up more market share. US consumers are also renowned for being open to embracing new goods and innovations, which makes it a perfect market for development and innovation.

Legal standards to follow while hiring in the US

Tax

Here is the table for the federal income tax, which has seven rates in 2024 ranging from 10 percent to 37 percent.

Leaves

Maternity leave policies: These leaves can vary by state. For example, California offers up to 12 weeks of paid leave at a percentage of the employee’s salary, while other states may have different provisions. Paternity leave is often treated similarly under family leave regulations.

Family and Medical Leave Act (FMLA): Provides eligible employees with up to 12 weeks of unpaid, job-protected leave per year for specific family and medical reasons, such as the birth or adoption of a child, caring for a seriously ill family member, or addressing one’s own serious health condition.

Compliance and benefits

Benefits Sustaining: Depending on the specifics of their dismissal, workers who leave their jobs may be entitled to unemployment benefits and health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).

The Affordable Care Act (ACA) increased the number of people who could afford health insurance by offering premium tax credits, or subsidies, to households whose incomes fell between 100% and 400% of the federal poverty line (FPL). Although not all states chose to expand their Medicaid programs, the ACA made all persons with incomes below 138% of the FPL eligible for Medicaid.

Salary insights of the talent available for hire in the US

What are the challenges of expanding into the US?

Regulatory and compliance requirements

Complying with state and municipal employment rules and tax duties is a complicated process. Although navigating this regulatory environment is essential, small firms may find it difficult.

Navigating fierce competition with the right talent

With over 33 million small enterprises, the US market is incredibly competitive. As a newcomer, you may face tough competition from well-established businesses regarding hiring suitable candidates. To stand out, it’s crucial to have the right team in place—professionals who understand the local market and can execute effective positioning and regional marketing strategies.

Variations in culture and consumer behavior

The US is a multicultural nation with a wide range of consumer backgrounds. It’s critical to comprehend and adjust to cultural quirks and customer preferences. What is effective in one area might not be in another.

Hiring remote workers: a viable solution

Employing remote workers in the USA has many benefits that can make a big difference for your company.

1) Hiring remote workers broadens your talent pool by granting you access to a nationwide pool of people with a variety of backgrounds and skill sets. Within your team, this diversity can foster greater creativity and problem-solving abilities.

2) Working remotely increases staff retention and satisfaction. Many employees prefer the flexibility of remote work arrangements, which can lower associated expenses and turnover rates.

3) Hiring remote workers might also save a significant amount of money. Businesses can reduce the amount of money they spend on supplies, utilities, and office space, freeing up funds for expansion projects.

4) Lastly, working remotely encourages a healthier work-life balance, which raises productivity. When given the freedom to design their timetables and workspaces, employees are more likely to give their best work.

Why Choose Global Squirrels as an EOR for US Expansion?

Global Squirrels, as a platform, helps you expand your business in the US by providing you with Employer of Record solutions as follows:

Avoid budget constraints

With Global Squirrels’ platform help, your company can acquire competent remote workers from various high-skilled talent pools located in different states in the US without having to incur the costs associated with setting up local offices. Our platform ensures you are not charged any extra fees like huge markups that other staffing agencies add. Our platform keeps you informed about what you are paying for by keeping the fee transparent.

Simplified HR and payroll administration

Global Squirrels, as your Employer of record in the United States, will handle employee onboarding, benefits administration, payroll, and HR management. By simplifying this part, significant resources are freed up for essential corporate operations. This allows your company to focus more on strategic initiatives and growth opportunities. Additionally, the streamlined approach enhances compliance with local regulations, reducing the risk of legal issues associated with remote employment.

Streamlined conformance

It can be challenging to navigate the intricate network of municipal, state, and federal employment laws in the United States. Global Squirrels’ Employer of Record solution takes on the duty of guaranteeing adherence to laws on recruiting, payroll, taxes, benefits, and other areas. As an employer of record in the United States, we remain current with legislative changes, relieving businesses of the administrative load.

Saving time and costs

Setting up a legal company to hire employees in every US state requires a ton of money and effort. Without establishing your business, you can swiftly onboard remote workers anywhere in the US with the help of Global Squirrels’ EOR solution. You save money on the price of handling payroll, administering benefits, and doing other HR tasks.

Obtaining competitive advantages

Attracting and keeping top talent in the US depends on offering competitive healthcare and other perks. Based on the state in which you are hiring remote workers, you can choose Global Squirrels to provide you with benefits plans at a competitive price. To increase your company’s competitiveness in the labor market, you can publicize the benefits packages offered by our Employer of Record solution.