Why Gaming Technology Companies Need an Employer of Record (EOR)
December 18, 2024
The Game Within the Game
Every gaming company knows how to build worlds. You create universes where millions play, compete, and connect. But there's another game you're forced to play – one with byzantine rules, invisible traps, and no cheat codes.
The global talent game.
While your team is designing the next breakthrough in player experience, you're stuck deciphering employment laws in Poland. While you're racing to beat competitors to market, you're drowning in compliance paperwork from Singapore.
This isn't the boss battle you signed up for.
The most successful gaming companies have discovered a secret: You don't have to play this game at all.
Think about it: The giants of gaming didn't build their empires by mastering international payroll. The pioneers of open worlds didn't revolutionize gaming by becoming experts in German labor law.
They won by focusing on the game that matters – creating experiences that players can't resist.
Here's the power-up you might be missing: An Employer of Record isn't just a service provider. They're your way of skipping the mini-game of global HR management entirely.
While your competitors are grinding through compliance quests, you could be building the future of gaming.
The next level is waiting. The question is: Are you playing the right game?
The Challenges Gaming Technology Companies Face in Workforce Management
Gaming technology companies thrive on creativity, innovation, and speed. Whether building immersive experiences or scaling platforms to meet global demand, staying competitive requires hiring top talent from around the world. However, expanding internationally brings challenges such as navigating complex labor laws, managing compliance, and ensuring smooth payroll operations.
These challenges can slow down operations, distract from core goals, and create risks for non-compliance. An Employer of Record (EOR) like TCWGlobal is the ideal partner for gaming companies looking to scale rapidly while focusing on creating cutting-edge products.
How an EOR Supports Gaming Technology Companies
Attracting Global Talent
Gaming companies often require specialized skills, such as advanced programming, 3D modeling, or AI development, that may not be readily available locally. Accessing global talent is essential, but hiring across borders can involve complicated regulations and processes.
Example: A gaming studio in Canada wants to hire a game designer in South Korea but lacks the resources to set up a local entity.
How TCWGlobal Helps: TCWGlobal enables gaming companies to hire international talent quickly by managing employment contracts, compliance, and onboarding, without the need for local subsidiaries.
Ensuring Compliance with Global Labor Laws
Labor laws in the gaming industry differ significantly across countries, covering everything from overtime rules to intellectual property protections. Non-compliance can lead to costly fines and legal disputes.
Example: A U.S.-based gaming company expanding into Japan must comply with local employment laws, including mandatory overtime pay and annual leave entitlements.
How TCWGlobal Helps: TCWGlobal provides expert guidance on local labor laws, ensuring employment practices align with legal requirements in every region.
Simplifying Multi-Currency Payroll
Paying a distributed team across different countries requires handling multiple currencies, tax deductions, and social contributions. Ensuring accurate and timely payments is crucial for maintaining employee trust.
Example: A gaming platform with team members in the U.K., India, and Germany struggles with managing payroll in three currencies while complying with local tax regulations.
How TCWGlobal Helps: TCWGlobal manages multi-currency payroll, ensuring employees are paid accurately and on time while taking care of tax filings and deductions.
Offering Competitive Benefits
To attract and retain top talent, gaming companies must provide competitive benefits tailored to each region. These benefits often include health insurance, retirement plans, and wellness programs.
Example: A virtual reality gaming company provides location-specific health insurance and wellness stipends to employees in Europe and Asia to enhance their benefits offering.
How TCWGlobal Helps: TCWGlobal customizes benefits packages to meet local standards and employee expectations, helping gaming companies stay competitive in the talent market.
Supporting Distributed and Remote Teams
The gaming industry often relies on remote or distributed teams to foster collaboration between diverse talents. Managing this workforce requires seamless operations, regardless of time zones or locations.
Example: A mobile game development studio hires remote developers in five countries and uses TCWGlobal to streamline contracts and payroll for its distributed team.
How TCWGlobal Helps: TCWGlobal assist with the complexities of managing employees who work from home, from employment agreements to payroll and compliance, enabling seamless global collaboration.
Why Gaming Technology Companies Choose TCWGlobal as Their EOR
Expertise in Gaming Industry Needs
With experience supporting tech-driven industries, TCWGlobal understands the fast-paced demands of the gaming sector, offering solutions tailored to its unique challenges.
Accelerated Hiring
TCWGlobal helps gaming companies onboard talent quickly, reducing the time-to-hire and ensuring projects stay on schedule in real time.
Scalable Solutions
Whether hiring one developer or building a global team, TCWGlobal scales with your business as it grows.
Simplified Compliance
From intellectual property protections to overtime pay regulations, TCWGlobal works along side you to make sure your employment practices align with local laws.
Multi-Country Support
TCWGlobal provides consistent support across multiple countries, making it easy for gaming companies to expand into new markets.
FAQs
What is an EOR, and how does it help gaming companies?
An Employer of Record (EOR) acts as the legal employer for your international employees, managing compliance, payroll, and benefits while allowing gaming companies to focus on product development.
Why is compliance important for gaming companies with global employees?
Compliance allows you to adherence to local labor laws, protecting gaming companies from fines, legal disputes, and reputational damage.
Can TCWGlobal support remote gaming teams?
Yes, TCWGlobal specializes in partnering with you in remote and distributed teams, providing payroll systems, contracts, and compliance solutions tailored to their needs.
How does TCWGlobal simplify multi-currency payroll for gaming companies?
TCWGlobal partners with gaming companies in payroll processing across currencies. Partnering with you to meet timely and accurate payments during pay periods, as well as compliance with local tax laws.
What makes TCWGlobal the ideal EOR for gaming companies?
TCWGlobal offers industry-specific expertise, fast hiring solutions, and the flexibility to scale, helping gaming companies navigate the complexities of global workforce management.
Final Thoughts
For gaming technology companies, success depends on accessing top global talent and scaling quickly without being bogged down by operational complexities. Partnering with an Employer of Record like TCWGlobal allows gaming companies to focus on creativity and innovation while leaving workforce management to the experts.
Ready to power your gaming company with a streamlined, compliant global workforce? Visit TCWGlobal.com to learn how we can help your gaming business grow without limits.
Need Help?
Need help managing your contingent workforce? Contact TCWGlobal today to learn more.
Whether you need expertise in Employer of Record (EOR) services, Managed Service Provider (MSP) solutions, or Vendor Management Systems (VMS), our team is equipped to support your business needs. We specialize in addressing worker misclassification, offering comprehensive payroll solutions, and managing global payroll intricacies.
From remote workforce management to workforce compliance, and from international hiring to employee benefits administration, TCWGlobal has the experience and resources to streamline your HR functions. Our services also include HR outsourcing, talent acquisition, freelancer management, and contractor compliance, ensuring seamless cross-border employment and adherence to labor laws.
We help you navigate employment contracts, tax compliance, workforce flexibility, and risk mitigation, all tailored to your unique business requirements. Contact us today at tcwglobal.com or email us at hello@tcwglobal.com to discover how we can help your organization thrive in today's dynamic work environment. Let TCWGlobal assist with all your payrolling needs!