Too often businesses expand their workforce internationally without having a full understanding of the requirements of operating in a foreign country.
We create a foundation on which your business can grow, so you can make the decisions that give you a competitive advantage in which you can be confident.
Solvere can help you make sense of the complex global business landscape by connecting you to resources, improving your processes, and solving your problems. Recent examples include:
Dependent Child Moving Overseas
A recent client at a broker partner of Solvere had a 23-year-old daughter covered on his employer’s health plan. The daughter was getting married and moving to a country in Eastern Europe. Solvere recommended an individual international healthcare insurance plan to insure the daughter while she transitioned to the country and established herself there. Results: Lower insurance premium costs for the US employer plan and improved access to healthcare for the daughter through an international network of providers.
Emerging Biotech Company’s Global Expansion
A local biotech firm was exploring business expansion opportunities in Asia. They were hesitant to set up a brick and mortar operation as an employer of record until they determined the business potential for their product. Solvere recommended utilizing an international PEO. An international PEO hires the employee, pays them through a locally compliant payroll and leases the employee back to the biotech firm. Results: Lower startup costs, enhanced local knowledge from the PEO and the ability to test the new market for business expansion opportunities.
International Medical Plan Consolidation
An established multinational firm had multiple vendors to provide international medical coverage to their expatriate employees, their third country nationals, and their key local nationals. Solvere recommended consolidation to one global insurance provider with subplans to accommodate the specific plan designs necessary for the regions. Results: Consolidation led to cost savings of more than 20%, better claims administration and reporting, and improved efficiencies in managing the plan.
Enhanced Employee Communications
A hi-tech firm with operations in Mexico and France asked Solvere to create their employee handbook and corporate communication materials in Spanish and French. Solvere recommended a resource who took on the project. Results: The Spanish- and French-speaking employees had increased satisfaction with human resources and corporate leadership, which improved morale and enhanced the corporate culture globally.
We offer the following services:
Solvere maps out a plan and overall strategy for success as you expand into the global business market. Put Solvere’s experience to work for you, and avoid costly pitfalls that could negatively impact your business.
Solvere creates comprehensive solutions that protect your employees and their families before they leave, during their time overseas, and after they return. You can be confident the education, insurance solutions, security insight, and evacuation plans you put in place are truly the best options to keep your company and your employees safe.
Solvere connects you with the best financial and accounting service providers for your industry, so you can focus on growing your business. We’ll take the guesswork out of your payroll, legal, accounting, and other financial services.
To learn more about how Solvere can give you an advantage over your competitors, call (858) 883-3806, or click here.