Case Study: How GlobalTech Inc. Saved $2.8M by Transitioning to an Employer of Record (EOR)
Background
Company: GlobalTech Inc. (NYSE: GTIA)
Industry: SaaS & IT Services
Employees Affected: 35
Regions Impacted: 5 countries (France, Brazil, Singapore, Canada, and Australia)
Challenge: Reduce operational complexity, cut costs, and meet the financial reporting deadline.
GlobalTech Inc., a publicly traded company, operated small legal entities in five countries, each with fewer than ten employees. Maintaining these entities was becoming a financial and administrative burden. With increasing compliance risks, high accounting and legal costs, and a looming SEC reporting deadline, the company sought an immediate consolidation strategy.
The decision: Close all five entities and transition employees to an EOR provider within three months.
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