Why Global Mobility Is Essential to Multinational Businesses
Cross-border and cross-continent employee mobility is essential to the employer and furthers career development of the employee. Global mobility addresses not only the need (employer) and want (employee), but also logistical (when, how long), legal (employment agreement, visa, new country labor laws) and tax (compensation, payroll, treaty analysis, totalization, equalization) planning and consequences of each.
Who should take action?
Global mobility should be considered by any company that has expanding or established multinational business operations with the need to move skilled and professional employees to a geographical location of need to improve profitability, increase efficiency and effectiveness of employees, establish company policies and procedures, etc.
As the need arises to move an employee with the required skill and knowledge from one country or continent to another, the planning process should begin far in advance to the actual move. Many of the unknowns should be answered for both the employer and the employee so that a fair arrangement should be accomplished.
Contact a member of Withum’s International Team at [email protected] to start the planning process for your company’s global movement so you are prepared from the start. Information and knowledge is power.
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Darko Naumoski, CPA T (609) 520 1188 [email protected]
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