EOR

GoGlobal Launches New Entity in Ukraine to Support Global Expansion and Hiring

Retrieved on: 
Wednesday, March 1, 2023
Engineering, Multinational corporation, Employment, Science, Agriculture, MNC, Workforce, Male, Associate, HR, Government, EOR, Management

GoGlobal's newly launched local operations team to help businesses navigate the Ukrainian market

Key Points: 
  • The local entity provides multinational companies (MNC's) with the support and expertise required to invest in Ukraine's economy and vibrant workforce during these challenging times for the country.
  • "Ukraine is a land of untapped potential and opportunity, especially when it comes to IT, agriculture, manufacturing and infrastructure improvements.
  • The launch is indicative of GoGlobal's commitment to Ukraine and its resilient people, as well as the investment and expansion opportunities the country offers to businesses.
  • By expanding and hiring in Ukraine, businesses can benefit from competitive costs, a favorable business environment and government incentives targeted at foreign investors.

Denbury Announces Full Year 2023 Outlook, Including Capital Plan and Production Guidance

Retrieved on: 
Thursday, February 23, 2023
Energy, Other Energy, Oil, Gas, EOR, Depreciation, Transport, Rocky Mountains, Grieve, BOE, DEN, Public expenditure, West Texas Intermediate, NYSE, CCUS, Rodessa, Louisiana, Retirement, Beaver Creek, Investment, Eucutta Creek, John Pennel, CCA, Inc., Gulf Coast of the United States, Central Time, CO2, LOE, Renewable energy, Rare-earth element, Denbury, Interlake

Based on the Company’s projections as further detailed in its 2023 guidance, including estimated capital, costs and production, Denbury anticipates its 2023 operating cash flows, excluding working capital changes, will meet or exceed its combined capital expenditures and planned asset retirement obligation activities assuming average West Texas Intermediate (“WTI”) oil prices of approximately $75 per barrel in 2023.

Key Points: 
  • Based on the Company’s projections as further detailed in its 2023 guidance, including estimated capital, costs and production, Denbury anticipates its 2023 operating cash flows, excluding working capital changes, will meet or exceed its combined capital expenditures and planned asset retirement obligation activities assuming average West Texas Intermediate (“WTI”) oil prices of approximately $75 per barrel in 2023.
  • Denbury’s 2023 CCUS development plan to spend $150 million at the midpoint of the range is up $85 million from 2022.
  • The midpoint of the 2023 production range is up approximately 1.5% from 2022, primarily due to the anticipated commencement of production from the CCA EOR development in the second half of 2023.
  • Additional detailed guidance is included in the Company’s supplemental materials for our 2023 Outlook which will be posted to the Denbury website before market open today.

Denbury Reports 2022 Fourth Quarter and Full-Year Results

Retrieved on: 
Thursday, February 23, 2023
Alternative Energy, Energy, Other Energy, Oil, Gas, Hydrogen, EOR, Ammonia, Natural gas, Carbon, Safety, Depreciation, Transport, Commencement Bay-class escort carrier, Gulf, Rocky, BOE, Barrel (unit), Public expenditure, West Texas Intermediate, Tinsley, GAAP, Investment, CCA, United States Environmental Protection Agency, Orion, Henry Hub, Biofuel, Tax, Table, Commodity, NYMEX, Central Time, CO2, British thermal unit, VI, Wind River Basin, Cryptocurrency, Video game, Arms industry, CCUS, Denbury

The Company’s fourth quarter 2022 average pre-hedge realized oil price was $82.54 per barrel (“Bbl”), down 11% from the third quarter of 2022.

Key Points: 
  • The Company’s fourth quarter 2022 average pre-hedge realized oil price was $82.54 per barrel (“Bbl”), down 11% from the third quarter of 2022.
  • The Company’s sales volumes averaged 46,641 barrels of oil equivalent per day (“BOE/d”) during the fourth quarter of 2022, down modestly from third quarter 2022 levels primarily due to severe winter storm impacts.
  • CO2 sales and transportation fee revenue in the fourth quarter of 2022 was higher than historical periods; however, lower than the third quarter of the year, due primarily to a short-term agreement that expired during the fourth quarter 2022.
  • The Company’s fourth quarter 2022 effective income tax rate was approximately 17%, lower than the Company’s 25% statutory rate due to a $12 million valuation allowance released during the fourth quarter of 2022.

Pioneer Natural Resources Reports Fourth Quarter and Full Year 2022 Financial and Operating Results

Retrieved on: 
Wednesday, February 22, 2023
Oil, Gas, Energy, EOR, Telephone, Transport, BOE, Foot, ESG, DD, NYSE, PXD, Pioneer Natural Resources, Natural Resources, Webcast, Social responsibility, Nature, Atlas, Tax, Environment, Canadian petroleum companies, NextEra Energy Resources, Central Time, Pioneer, Water, Depreciation, G&A, Pharmaceutical industry, Cryptocurrency, Video game, Airline, Natural gas, MSCI

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter and year ended December 31, 2022.

Key Points: 
  • Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter and year ended December 31, 2022.
  • Cash flow from operating activities during the fourth quarter and full year 2022 was $2.6 billion and $11.3 billion, respectively, leading to free cash flow1 of $1.7 billion for the fourth quarter and $8.4 billion for the full year 2022.
  • During the fourth quarter, the Company repurchased $400 million of common stock, bringing total 2022 share repurchases to $1.65 billion.
  • On Thursday, February 23, 2023, at 9:00 a.m. Central Time, Pioneer will discuss its financial and operating results for the quarter and year ended December 31, 2022, with an accompanying presentation.

Relode Appoints Neal Bhamre as Chief Growth Officer

Retrieved on: 
Tuesday, February 21, 2023
Data Management, Practice Management, Technology, Professional Services, Managed Care, Other Health, Health, General Health, Health Technology, Software, Human Resources, EOR, Marketing, Growth, Multimedia, Heritage, Senior, AOR, Management

Relode, LLC, a leading technology platform focused on transforming how companies engage and hire the best talent, today announced that the company appointed staffing industry veteran, Neal Bhamre, as Chief Growth Officer.

Key Points: 
  • Relode, LLC, a leading technology platform focused on transforming how companies engage and hire the best talent, today announced that the company appointed staffing industry veteran, Neal Bhamre, as Chief Growth Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230221005320/en/
    "We are excited to welcome Neal to Relode," said Clare.
  • Bhamre, a 30+ year staffing industry veteran, most recently served as Chief Marketing Officer of People2.0.
  • "I'm excited to join Relode during this pivotal growth stage and to lead its go-to-market efforts," said Bhamre.

Remote Work, Global Hiring Drive Explosive Growth in 'Employer of Record' Partnerships--Everest Group

Retrieved on: 
Tuesday, February 21, 2023
Benchmarking, Organization, Employment, Investment, EOR, Workforce, Geography, PEAK, Research, Mitra, Partnership, Professional, Tax, Pharmaceutical industry, Risk management, Sales, DALLAS

DALLAS, Feb. 21, 2023 /PRNewswire-PRWeb/ -- Everest Group research suggests that 71% of organizations want to improve their geographical footprint; however, global expansion can be a complex and lengthy process, with organizations needing to navigate new legal systems, regulations, taxes, cultures, languages and more. Enterprises are discovering that Employer of Record (EOR) arrangements can ease the burden of international expansion; accordingly, the EOR market swelled 170% in 2020 and 120% in 2022 and is expected to continue to grow at a compound annual growth rate of 40-50% through 2025 according to Everest Group.

Key Points: 
  • An Employer of Record is a third-party organization that becomes the full legal employer of a company's workforce and assumes all employee-related responsibilities in a particular country.
  • With an EOR, enterprises can onboard and manage talent without needing to establish a new legal entity in a particular region or risk violating local laws.
  • Adoption by industry: The services industry has the highest market share followed by the financial and healthcare industries.
  • Based on Everest Group's comprehensive evaluation framework, the PEAK Matrix® , 15 leading EOR providers evaluated are segmented into three categories:

Aadmi Announces Spin-Off EOR Service to Create Engage Anywhere

Retrieved on: 
Monday, February 13, 2023
Organization, Andrew Kerr (festival co-founder), Employment, Tax, Learning, HR, Acquisition, Paylocity, EOR, News, ADP, Health insurance

The move was made to keep up with the high demand for EOR services and is intended to unlock more value for consumers and shareholders.

Key Points: 
  • The move was made to keep up with the high demand for EOR services and is intended to unlock more value for consumers and shareholders.
  • Speaking at the recent launch event, the owners of the company, Daniel Mendieta and Priya Licht, said, "We are extremely excited to announce that Aadmi has officially split out its Employer of Record (EOR) services and created a new entity, Engage Anywhere ( engageanywhere.com ).
  • Traditional employment responsibilities and obligations are assumed by the EOR, thereby enabling organizations without a local legal presence to lawfully hire employees abroad.
  • EOR services, which include payroll, taxes, and compliance, primarily fall under the purview of finance, legal, and human resources departments.

Mercans Welcomes Global Payroll Thought Leader Pete Tiliakos to Its Board

Retrieved on: 
Tuesday, February 7, 2023
Professional Services, Technology, Other Technology, Human Resources, Software, Finance, Fintech, MBA, Human, HCM, Publication, Software as a service, Business administration, Multimedia, HR, Marine Corps Expeditionary Medal, BlizzCon, EOR, Management, Health care

Mercans, the global payroll technology leader, announced today that Pete Tiliakos has joined its board as a non-executive director.

Key Points: 
  • Mercans, the global payroll technology leader, announced today that Pete Tiliakos has joined its board as a non-executive director.
  • Pete is a renowned global payroll product strategy leader, HR industry analyst, advisor, and thought leader.
  • View the full release here: https://www.businesswire.com/news/home/20230207005824/en/
    When announcing Pete’s appointment, Mercans’ board said, “Pete brings an independent and fresh perspective to Mercans’ strategy and governance structure.
  • I am eager to collaborate with Pete in our efforts to propel Mercans to new heights,” stated Vish, the CEO of Mercans’ Payroll & SaaS business.

Deel Simplifies Global HR with New Full-Stack Platform

Retrieved on: 
Monday, January 23, 2023
Business, Professional Services, Small Business, Fintech, Human Resources, HRIS, ARR, Philosophy, EBITDA, EOR, News, Culture, Emerson Collective, Growth, Human resources information systems, Nike, Multimedia, Expansion, Management, Shopify, Klarna

Deel, the global HR company, today announced the launch of Deel HR, US Payroll, and Deel Engage, making it possible, for the first time, to hire, manage, and pay global teams compliantly on one platform.

Key Points: 
  • Deel, the global HR company, today announced the launch of Deel HR, US Payroll, and Deel Engage, making it possible, for the first time, to hire, manage, and pay global teams compliantly on one platform.
  • View the full release here: https://www.businesswire.com/news/home/20230123005215/en/
    Deel's global HR platform lets users hire, pay, and manage all teammates compliantly.
  • (Graphic: Business Wire)
    Work’s gone global, but until now, no HR platform has handled everything for everyone, anywhere.
  • Deel has streamlined everything needed to hire, manage, and pay global teams in one platform.

1st Commercial Credit Offers Employment of Record (EOR) Services for Staffing Agencies

Retrieved on: 
Tuesday, February 14, 2023
Insurance, Employment, EOR, Human resources, WC, Employers' Liability (Compulsory Insurance) Act 1969, Commercial credit reporting, ALL, Multimedia, Risk management

AUSTIN, Texas, Feb. 14, 2023 /PRNewswire/ -- 1st Commercial Credit introduces Human Resource solutions for temporary staffing agencies nationwide.

Key Points: 
  • AUSTIN, Texas, Feb. 14, 2023 /PRNewswire/ -- 1st Commercial Credit introduces Human Resource solutions for temporary staffing agencies nationwide.
  • The most popular service is the Employment of Record (EOR) program for temp-staffing companies that accommodates any size of company including start-up staffing agencies.
  • Our clients will be able to outsource their HR needs at a cost-effective rate and retain more cash with WC insurance.
  • Raul Esqueda, President of 1st Commercial Credit says, "We can now provide EOR services to our clients and complete 100% of their needs.