BIPO Partners with HREC to Unveil Research Report: The Critical Role & Value of HR in Global Business Expansion

FOR IMMEDIATE RELEASE

SHANGHAI, China – APR. 25, 2023

BIPO, a leading provider of payroll and people solutions, is pleased to announce its partnership with HR Excellence Centre (HREC) in presenting an innovative research report titled “The Critical Role & Value of HR in Global Business Expansion.”

This highly anticipated report provides Chinese enterprises with the knowledge to successfully navigate the challenges of expanding into global markets. From collaborating with third-party vendors, such as Employer of Record (EOR) service providers, to leveraging HR, payroll, legal expertise, digital platforms, and tools, the report offers invaluable insights, practical suggestions, and strategies to mitigate risks associated with global expansion.

The event, attended by over 200 influential business leaders and HR thought leaders, took place on April 25, 2023, in Shanghai, China. Participants gained insights and discussed topics such as talent acquisition and management, cross-cultural communication, legal compliance, and the impact of HR digitalisation on global expansion for companies venturing overseas.

“We are excited to collaborate with HREC in unveiling this ground-breaking research report,” said Mr Michael Chen, CEO of BIPO. “Expanding into global markets presents unique challenges, and HR professionals need the right knowledge and expertise to navigate these complexities. This report aims to provide valuable insights to drive successful business expansion strategies.”

The research report highlights the increasing importance of Human Capital Management (HCM) practices in the global expansion journey. It emphasises the significance of employing an Employer of Record (EOR) model to address legal and compliance issues when entering new markets. Additionally, the report underscores the critical role of HR digitalisation in streamlining processes, enhancing efficiency, and enabling data-driven decision-making.

Notable speakers who shared their perspectives include Ms Rita Xue, Head of Market Research at HREC, Ms Stephanie Shao, Chief Human Resources Expert at Trina Solar, and representatives from BIPO, including Mr Sean Yao (IAC Director), Mr Felix Ji (Director of Corporate Solutions), and Ms Hebe Huang (Global Employment Solutions). Participants had the opportunity to engage in insightful discussions, network with peers, and gain practical knowledge applicable to their organisations.

Expanding into global markets is now a strategic imperative for many enterprises in today’s rapidly evolving business landscape. HR professionals play a crucial role in enabling and supporting this expansion. The report and event strengthen BIPO’s commitment and mission to help HR professionals gain new perspectives and insights, embrace new challenges, capitalise on opportunities, and achieve sustainable growth in an increasingly interconnected world.

Download the full report (in Chinese) here.