According to a study by Elements Global Services, 69 percent of UK businesses are planning to expand internationally in the next three years. At the same time, 58 percent of businesses described hiring and onboarding overseas staff as challenging.
Problems identified in the research include setting up global payroll, benefits programs and other HR essentials; costs and time involved in recruitment; and overcoming cultural barriers between overseas and domestic staff. How, then, can businesses face these challenges with confidence? (more…)
With rapid developments in technology many business owners can now choose to live in and work from locations all around the world. Some choose to work from somewhere with a better climate than the UK, while others are drawn to places that have more affordable property.
So if you’re fed up with grey skies or overpriced housing, is it feasible for you to relocate and run your own business from another country? Dave Millet of Equinox Comms, outlines what you need to consider;
A new report suggests that businesses that export see a positive impact on their finances within just six months, and will grown on average by one third within two years.
Here are some tips on how to ensure that your goods and services are paid for correctly and on time, provided for Bytestart readers by HSBC.