It's well-known that 🇮🇱 Israel is home to some of the world's most innovative and advanced technologies. The country's technology sector is booming and growing more every day.
🎯 With an average of 200 new being founded each year, Israeli innovation is quickly coming to the attention of global corporations.
🎯In 2013, Google opened up an office in Tel Aviv with over 50 employees — a move that marked one of the first steps by major companies into the Israeli market. Since then, many organizations have followed suit, including Oracle's Israeli R&D center and Microsoft Israel Development Center (ILDC) in Ra'anana. The list goes on.
If you are an entrepreneur, chances are you have been considering expanding your business for a while now. You might have thought about different markets or new products, but many of your ideas never came to fruition because you were scared by the costs, uncertainties, or global expansion risks.
Exploring new markets need not necessarily be a high-stakes endeavor. If you are unfamiliar with Global Employer of Record (EOR), this might be the perfect opportunity to start thinking about markets outside America and Western Europe.
A Global Employer of Record, a third-party talent management model, might be a perfect way to assess a company's potential in an unfamiliar region or country before committing significant resources. This option provides flexibility and cost-efficiency as businesses can quickly enter or exit a given market without facing undue risk.
This integration allows us to address challenges that would be overwhelming for any company's in-house HR department. We can deliver a high level of global employment service because we know exactly how to meet the needs of international employers from beginning to end.
At Acumen International, we embrace the complexity of global employment and work with our clients to help them understand and address the myriad issues their companies face when expanding globally.
We have built our expertise on connecting the dots between global payroll and benefits administration, financial management, human capital management, global employment risk management, employment taxation in 190 countries, and immigration support —all areas where we have an unmatched breadth of knowledge and experience.