Recruitment and payroll: Key challenges in global expansion

As globalization and digital innovation drive SEA businesses to eye international markets, the region has become a hub for multinational companies. According to a 2023 report by United Overseas Bank (UOB), Southeast Asia and China are emerging as leading destinations for overseas expansion, with 83% of Asian businesses keen to expand their operations abroad. This trend is fueled by the booming digital economy and favorable regulatory reforms in the region.

Post COVID-19, this trend has accelerated, with foreign direct investment (FDI) inflows reaching an all-time high of $224 billion in 2022. ASEAN has solidified its status as a leading investment destination, promoting extensive opportunities for businesses on their “go-global” journey.

Aniday.com has seen a significant surge in demand from companies strategizing their expansions. Businesses are not only focused on growth but also on finding effective and compliant methods to hire and pay their remote talent.

Newcomers often struggle to recruit high-quality talent due to a lack of resources, expertise, local insights, and hiring practices, while facing the risk of wasting time and effort. Moreover, fierce competition with well-established local businesses adds to the challenge, making it harder for them to stand out in the job market.

This international expansion presents challenges related to payroll, taxes, and local employment regulations. Each country has its labor laws, making it complex for businesses to compensate their new employees properly.

Aniday’s Headhunting and Employer of Record services

To streamline business expansions, Aniday introduced Headhunting and Employer of Record (EOR) services in 2019.

In SEA, Aniday.com has distinguished itself with strong competencies, making it the top choice for businesses seeking top-tier talent. With a network of over 30,000 headhunt partners across regions who possess years of experience, industry expertise, and an extensive talent pool, Aniday assists businesses in sourcing and recruiting highly qualified candidates.

Their ability to cater to diverse hiring needs, spanning various levels, geographies, and industries, sets them apart from competitors. Additionally, with extensive experience and a diverse network, Aniday offers valuable industry insights to navigate both recruitment challenges and the broader industry landscape effectively.

According to Aniday’s reports, enhancing matching efficiency by just 20% can help organizations hire and enter the market swiftly. Leveraging cutting-edge technology in AI, data analytics, and their innovative chat-based system to connect employers with the headhunter network directly, Aniday.com ensures efficient and strategic candidate selection tailored to each client’s unique needs.

Aniday.com also offers EOR services to support cross-border employment. They serve as a strategic partner, offering all-in-one solutions for all legal responsibilities in compliance with national labor laws, relieving companies of the hassle of recruiting international talents.

Aniday highlights their mission to ensure a completely compliant global payroll, allowing their clients to hire confidently in several countries in a matter of days, without the need to establish an entire local legal entity.

This synergy of headhunting and EOR services at Aniday.com offers a comprehensive solution for the key challenges when stepping into a new market. Aniday.com provides a seamless process accelerating time-to-hire, minimizing risks, and unlocking the full potential for successful expansion. This approach allows companies to concentrate on developing their core business operations instead of spending time, money, and resources on tasks like job posting and administration duties.

Leveraging this synergy, Aniday’s partner, ST Engineering, successfully expanded beyond China post-COVID-19. Aniday provided strategic consulting and hands-on support in both hiring and EOR aspects, consolidating ST Engineering's confidence in operating in new geographies from scratch. This comprehensive support enabled the Singaporean technology group to assemble an efficient team of up to 100 staff members within a few months.

Alongside Glints, Adecco, Deel, Remote, and other headhunting and EOR service providers, Aniday is lifting the burden of recruiting and managing human resources across regions, empowering businesses to hire talent from anywhere.

Success stories and industry impact

Aniday.com currently boasts a network of over 30,000 headhunters, serving the recruitment needs of more than 1,000 leading enterprises, including ST Engineering, PocketFM, and Carro, and reaching 10 million talent connections within five years of operation through an expanding ecosystem. These achievements are made possible thanks to Aniday's referral model, which has enabled SEA businesses to slash hiring time threefold and reduce recruitment costs by 50%.

Since its early days, Aniday has been trusted by reputable companies at all stages, especially during their international expansion. A notable example is Carro, a Singapore-based automotive marketplace. Aniday accelerated Carro's talent acquisition process across Southeast Asia, helping them quickly find, attract, and hire 38 positions - from IT experts to management level - in just one month. This crucial support contributed to Carro's huge success, culminating in their achievement of Unicorn status in 2021.

Aniday has reached remarkable milestones in investment and growth. In December 2020, they secured funding from Insignia Ventures Partners, setting their sights on becoming the premier recruitment platform for mid and senior-level positions in INSEA (India-Southeast Asia). Furthering their momentum, Aniday received pre-seed funding from CyberAgent Capital in June 2021, partnering with some of the industry's leading global innovators.

By wisely utilizing these investment resources in their optimization strategies, Aniday.com announced four consecutive profitable years, with 2023 marking an impressive 200% YoY growth rate. These impressive numbers showcase Aniday's immense potential and trustworthiness as a cutting-edge 4.0 recruitment platform, highly regarded by specialists and professional headhunters in the global market.

PV