Leveraging global teams can help organizations achieve their financial targets by increasing revenue, reducing operational costs, and boosting shareholder value. This article will explore five ways finance leaders can reach financial objectives with a global workforce.
1. Expand into new markets to increase market share and revenue growth
Deploying global teams helps accelerate expansion into new regions and more efficiently tap into emerging markets.
In addition, employing individuals who possess a deep understanding of local markets, fluency in regional languages, and a grasp of cultural nuances allows organizations to customize their offerings more adeptly to meet the diverse needs of various markets. This strategic approach enhances product-market fit and significantly boosts sales and revenue growth.
Using an Employer of Record (EOR) is the most efficient way to engage international talent, build a local presence, and test new markets. Deel EOR has coverage in 150+ countries. No need to open an entity—we’ll quickly hire and onboard employees on your behalf, with payroll, tax, and compliance solutions built into the same, all-in-one platform.
2. Hire talent in lower-cost regions to improve cost efficiency
Global teams help improve cost efficiency by providing access to larger talent pools in regions where labor costs are more affordable. This strategy allows for recruiting highly skilled professionals whose skills better match the company’s needs, resulting in substantial savings on salaries and operational expenses.
By operating globally, companies can distribute workloads effectively and leverage time zone differences. This facilitates a continuous, 24-hour work cycle, boosting productivity without additional costs.
Furthermore, global operations can further reduce overhead expenses since some countries offer lower costs for office space, utilities, and employee benefits or are more conducive to remote work infrastructures, providing the flexibility to scale without major infrastructure investments.
To effectively manage a globally distributed team, companies need a global human resource management system. Deel HR is a global-first HRIS that enables you to easily manage employees and contractors compliantly in 150+ countries. With our all-in-one platform, you can unify reporting, automate HR admin, and gain oversight of your entire workforce.
3. Operate in locations with financial incentives to improve cash flow
Companies operating globally can leverage specific tax benefits and grants associated with local hiring in various regions. For example, in Brazil, companies hiring local workers in the Manaus Free Trade Zone receive subsidies to cover the cost of social security contributions, resulting in a cost saving of up to 20% for companies.
Additionally, by offshoring certain functions, businesses can decrease immediate expenses and enhance their cash flow. For example, Mexico’s proximity to the US makes it an attractive destination for offshoring, especially for manufacturing. The country benefits from free trade agreements like the USMCA and offers a highly skilled workforce.
To ensure your global workforce is compensated fairly, compliantly, and with all benefits and contributions applied, finance leaders must run efficient payroll operations. With Deel Global Payroll, finance leaders can consolidate and streamline international payroll operations. We’ll handle compliance, tax deductions, and filings wherever you have entities—all supported by our team of in-house payroll experts.
4. Reduce dependency on a single market to reduce financial risk
A global team allows for better risk diversification and resilience. By spreading operations and teams across different regions, companies reduce their exposure to local risks such as economic downturns, regulatory changes, or political instability. Moreover, companies with a globally dispersed workforce benefit from more resilient workforce management in crisis situations.
When circumstances change, companies need robust global mobility capabilities to transfer, re-hire, and relocate workers. Deel Immigration offers mobility support for global teams. Whether obtaining visas and work authorizations after a merger or acquisition, relocating talent urgently due to changes in industry-specific regulations, or supporting displaced workers due to conflict or natural disasters, Deel ensures seamless visa and immigration support, even for large volumes and complex cases.
5. Demonstrate global growth to enhance shareholder value
Deploying global teams not only grants access to international financial markets and opens doors to foreign investments but also significantly boosts shareholder value by increasing profit margins. This elevates stock value and signals growth and innovation to investors.
Finance leaders need sophisticated reporting tools to communicate global performance effectively. Deel’s platform provides global analytics and customized, real-time reporting so stakeholders can understand spending at a glance across all of your entities in one standard currency
Grow your global workforce and achieve financial success with Deel
A global team enables organizations to achieve a wide range of financial goals through cost savings, market expansion, improved productivity, and risk diversification. By leveraging diverse talent and optimizing resources across borders, companies position themselves to meet both short-term financial targets and long-term growth objectives.
Deel helps tens of thousands of companies expand globally with unmatched speed, flexibility, and compliance. Our Global People Platform is built to scale with organizations of all sizes, from small teams to enterprises of thousands. Whether you want to hire worldwide without opening legal entities, streamline HR for your global team, or pay all types of workers anywhere with consolidated payroll—Deel does it all with full compliance.
To see how we can help your organization hit financial goals with global teams, book a demo with a product expert today.
