— Matt Redler,
Co-Founder and CEO at Panther, via Forbes.
The COVID-19 pandemic has highlighted income inequalities around the world. And while remote hiring comes with its challenges, the benefits for companies and employees are far greater. Hiring remote, global talent guarantees returns to everyone involved: to the company, to the employee, to the local government and, ultimately, to communities. It benefits an entire economic system.
Growing a remote team takes more than hiring remotely. The tools that you use, whether they’re meant to take admin weight off your shoulders or to make work more efficient, will determine the success of your remote work setting.
To Panther, work matters, but it isn’t everything. Our number one priority is to make sure our teammates have everything they need to work (and live!) how they want to. And we want to help more companies embrace that motto too.
Drawing from a global talent pool means opening the door to an infinite range of skills, but it also improves company reputation and cultural insights. Diverse cultural views can inspire creativity, cultural sensitivity and better local knowledge, which can also improve targeted marketing.
Cultural diversity increases the company’s competitive advantage but it also attracts and retains more talent.
Remote employees save around $4,000, every year, by not spending on gas, transport, food and more. But companies save even more. Before the pandemic, employers saved an average of $22,000 per year, per remote employee, which can be invested back into the business to grow it even further — whether that’s investing in resources or people.
Are you a business leader considering expanding your talent pool by hiring independent contractors from abroad? If so, you'll want to understand the ins and outs of international tax laws, particularly "double tax treaties." In this post, we'll explain what these treaties are, how they operate, and how they can impact you and your potential international contractors.
Navigating the tax landscape is crucial for international contractors, especially when dealing with U.S. clients or institutions. One essential piece of legislation you should understand is the U.S. Foreign Account Tax Compliance Act (FATCA). This blog post delves into the world of FATCA and its implications for international contractors.