- Hiring on a global scale with distributed teams is the way to find the most talented people on the market.
- To avoid the HR challenges of global hiring, Remote offers hiring solutions that enable companies to scale internationally.
- With Remote, companies can take advantage of global hiring for distributed teams while reducing risks, streamlining operations, and protecting data and IP rights.
This article has been supplied by Remote, the modern global payroll, tax, HR and compliance solution for distributed teams.
An exciting, fundamental shift in how companies hire, onboard and retain employees is occurring around the world. The most forward-thinking companies have realized that hiring on a global scale with distributed teams is the way to find the most talented people on the market, whatever their location.
Global hiring, and the associated administrative tasks of payroll, benefits and compliance that go along with it, can be a lot of extra work. However, it doesn’t have to be, if companies choose the right hiring solutions to scale internationally.
Enter Remote: a global solution for handling international payroll, benefits, taxes, stock options, and compliance for businesses of any size.
Remote, bolstered by their recent Series C funding round worth $300M, is unlocking access to global employment. They are building out solutions that simplify international hiring, working toward permanently changing the way people hire and work around the world.
With Remote, companies can take advantage of global hiring for distributed teams while reducing risks, streamlining operations, and protecting data and IP rights.
Hire internationally with Remote
When hiring internationally, a company has two options. The first is to open their own entity in that country, or they can engage the services of an employer-of-record. The first option, while possible, is expensive, time-consuming and requires extensive local knowledge of everything from labor laws to local compliance.
The second option, with an employer of record like Remote, makes the entire process smoother, more cost effective and easier to scale. With Remote, companies can manage full-time employees and contractors with ease, handing off payroll, benefits and onboarding to Remote’s local specialists.
Remote operates in more than 60 countries, with owned-entities, meaning that they retain control over their processes and have in-house experts for every location.
Remote’s pricing is straightforward, with transparent fees for both full-time employees and contractors, offering cost-effective solutions for companies of all sizes from start-ups to enterprise businesses.
Remote’s customers are leaders in the future of remote work such as GitLab, DoorDash, Loom, Paystack, Jeeves and many others who are building distributed, future-ready teams around the world.
With a long list of integration partners, along with the Remote Marketplace, where companies can find other resources to successfully build distributed teams, and their own API, Remote provides additional value for any company growing internationally.
The proof is in the funding: Remote’s $300m Series C round
Remote is backed by $495 million in total funding since 2019. Their more recent Series C round was worth $300 million and was led by SoftBank Vision Fund 2 with participation from existing investors including Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth.
A big part of Remote’s impressive growth (more than 13-fold growth in annual recurring revenue in the past year), is attributed to its operational model. Remote operates fully async and fully remote, with more than 900 employees in more than 65 countries, with no signs of slowing down.
Seeing the forest and the trees
Leveraging its global footprint, Remote goes beyond the administrative work of global hiring and payroll. In early 2022, Remote launched Remote for Refugees, a program that makes it simple for businesses to invest in refugee talent. Companies can hire refugees through Remote with this program at no cost. This helps connect displaced people with remote work anywhere.
Remote Relocation is another program launched in 2022, which helps companies help their employees who want to make international moves, providing expert support through visa guidance and sponsorship, local immigration and tax guidance, insurance and training for cross-cultural situations.
Remote work is the future
Companies that hire remote employees find themselves with a better, more diverse talent pipeline; are able to retain employees for longer; and get the benefits of a global perspective through distributed teams.
If current trends are any indication, it’s time that companies stop thinking about where employees are working and instead focus on the how: how to find top talent anywhere; how to build and maintain an inspired, motivated, more creative workforce; and how to ensure that promising opportunities meet the best people, wherever they are in the world.
Remote is the modern global payroll, tax, HR and compliance solution for distributed teams. Remote enables companies of all sizes to hire anyone, anywhere in the world in minutes. Founded in 2019 by Job van der Voort and Marcelo Lebre, the company is growing exponentially as the premier solution for companies looking to simplify employment of global talent. Remote’s mission is to bring remote cultures closer so that people and companies can grow further. In 2021, Remote was named Best Company for Diversity by Comparably and crowned with Inc’s Best Workplaces Award for its company culture and capacity to redefine the workplace.
For more information, visit www.remote.com