Velocity Global Expands Operations to El Salvador and Georgia, Enhances Compliance in Japan
July 10th, 2024 3:00 PM
By: HRmarketer Editorial
Velocity Global has opened new entities in El Salvador and Georgia, expanding its global reach and enabling compliant access to talent in these markets. The company has also obtained a Haken business license in Japan, reinforcing its commitment to compliance in international operations.
Velocity Global, a leading provider of global workforce solutions, has announced significant expansions to its international operations. The company has successfully established new entities in El Salvador and Georgia, while also securing a Haken business license in Japan to ensure continued compliant operations in the country.
This strategic expansion reflects the growing demand for global workforce solutions and the increasing need for companies to access talent in diverse markets compliantly. El Salvador and Georgia represent attractive opportunities for businesses looking to expand their global footprint. Georgia's growing economy and strategic location between Europe and Asia make it an appealing market for companies seeking to establish a presence in the region. Meanwhile, El Salvador offers a favorable business climate with modernized foreign trade operations, improved infrastructure, and a new legal framework that promotes and protects foreign investment.
The expansion into these markets allows Velocity Global's customers to access talent in these economies easily and compliantly, opening up new opportunities for both organizations and local talent. This move is particularly significant in the context of the evolving global workforce landscape, where companies are increasingly looking to fill specialized positions, enter new markets, or support mergers and acquisitions transactions across borders.
Laura Isaza, Vice President of Subsidiary Management and Corporate Governance at Velocity Global, emphasized the importance of compliance in global operations: "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. 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."
In addition to the new entities in El Salvador and Georgia, Velocity Global's acquisition of a Haken license in Japan represents a significant step in ensuring the most compliant way to provide Employer of Record (EOR) services in the country. The Haken license, which is subject to strict government scrutiny, certifies that all documents in an employee's hiring package have been reviewed and approved by the Ministry of Labor, guaranteeing a compliant operation.
Velocity Global's Global Work Platform™ integrates with other leading HR technologies to enable companies to compliantly hire, pay, and manage employees anywhere in the world. This cloud-based technology, combined with in-depth legal and HR expertise in over 185 countries, provides a robust, self-serve platform for businesses navigating the complexities of global workforce management.
These latest developments underscore Velocity Global's commitment to providing comprehensive, compliant solutions for businesses operating in an increasingly borderless world. By enabling companies to engage with a global workforce compliantly, Velocity Global allows its customers to focus on driving meaningful business value while navigating the complexities of international employment regulations.
For human resources professionals and business leaders, this expansion signifies enhanced opportunities to tap into diverse talent pools and enter new markets with greater ease and reduced compliance risks. As the global workforce continues to evolve, services like those offered by Velocity Global will play an increasingly crucial role in facilitating international business operations and talent acquisition strategies.
Source Statement
This news article relied primarily on a press release disributed by News Direct. You can read the source press release here,