How to work with freelancers and remote workers based overseas

How to work with freelancers and remote workers based overseas

You’ve found the perfect person who meets your business requirements for your new project. Great news. The only concern you have is that they are based overseas. It may be that you found a copywriter on LinkedIn who really understands your business message or a person who manufactures the exact product you’re looking for, but they’re halfway across the world. Today, working internationally is common and technology such as Zoom, email and social media make it easy to keep in contact with freelancers who are thousands of miles away.

Finding the best talent for your business is essential to its success. The Post-pandemic job market has opened up a whole world of flexible working opportunities as people find a better balance, and companies adapt to changing times. Some of the best talent out there might be working remotely and they can bring skills, expertise, and experience to your business – firstly, you need to find them.

Create a remote-friendly job description

Creating an accurate and compelling job description is key to attracting the right talent. Mention that you are open to remote workers and give an overview of your policy to give the right person the confidence to apply.

Understand the Tax implications

You need to deduct the correct tax amount from the remote workers. This can be a drain on your finance and HR resources but you must be deducting the correct amount from each employee. You can use an Employer of Record (EOR) who can handle this for you.  

Define the payment method

This is unique to the individual and will depend on their process and location. Each method will incur different charges so check this before you agree. Fees for international bank payments can quickly add up. If you choose to make payments through Moving Currency, your dedicated personal account manager will provide all the necessary guidance along the way and help you to find the best solution to manage the payments compliantly and efficiently.

Be prepared for an open discussion

When working with overseas freelancers, you may have to pay extra. The transfer fees and bank charges could take a significant chunk out of the total amount for the work completed. The freelancers may add these charges to their total to receive the agreed amount for their services. If you know that the freelancer is the right choice for your business, it will be worth it. A currency expert can provide the best rates and fixed fees so you always know exactly what you’ll be paying.

TIP: Get everything in writing via a signed contract or agreement. This will ensure all parties are clear on the requirements and disputes can be avoided.

I’m a remote worker, how can I get paid securely?

If you are lucky enough to have the freedom to work remotely, you may not have a fixed working location. You can do what you do from anywhere and with that comes a whole host of benefits. Flexibly, work-life balance and adventure to name a few.

Where you are in the world matters where payment is concerned. If you are a freelancer or you work remotely then you can get paid using Moving Currency.

Use a currency expert to handle overseas payments

Using a currency expert to pay freelancers overseas will ensure your practices are compliant, secure, and cost-effective. You will be able to secure the best rates and fees and manage your payments all in one place. With Moving Currency you can:

·       Open multi-currency accounts

·       Transfer balances between currency accounts

·       Pay suppliers

·       Invoice clients in local currencies

·       Access your online account 24/7

·       Speak to your dedicated account manager

Moving Currency will make trading overseas simple, quick, and hassle-free from wherever you are in the world. If you are a remote worker looking for an easy payment solution or you need to pay overseas freelancers or remote workers but don’t know how to, get in touch with our currency experts today.