| | JULY - 2023MANAGEHRMAGAZINE.COM6Business complexity, economic growth, and the need for streamlined HR solutions have facilitated Professional Employer Organizations (PEOs) global expansion. They provide talent acquisition, payroll and benefits administration, and cross-border HR solutions to help businesses quickly establish local workforces without building separate HR infrastructures.With the changing nature of the business landscape, PEOs are increasing in popularity, helping SMEs streamline HR functions, reduce administrative burdens, and concentrate on their core competencies. PEOs in Asia-Pacific have gained traction with an increased focus on cost optimization, SME expansion, regulatory compliance, market liberalization, and foreign investment. Moreover, they help companies to navigate these legal requirements and ensure compliance, which is particularly valuable for various multinational corporations operating in multiple countries. Local regulations and cultural factors also influence the growth and acceptance of PEOs in each APAC country.In this edition of Manage HR, we present the top prominent PEOs in the APAC region that help organizations to grow together as they expand regionally and internationally beyond borders. The featured company, LE YU Corporate Advisory, provides advice to companies seeking overseas investment and trading opportunities. By providing comprehensive support in company establishment, accounting, corporate governance, and risk management, the company empowers its clients with enhanced confidence in the long-term viability of their business.The magazine also includes insightful opinions of Em Doria, Asia Region HR Director, LG Electronics, and Sudawan Ariyasap, Chief People Officer, Yum! Restaurants International highlights the significance of growing together and connecting people with vast experiences in the market. Additionally, their expertise emphasizes the importance of providing clients with strategic solutions that improve their competitiveness.We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.Let us know your thoughts.EditorialLeveraging Professional Employer Organizations in Streamlining HR FunctionsVisualizersHenry SmithAlex GonsalvesManaging Editoreditor@managehrmagazine.comAlex GonsalvesManaging EditorAlex GonsalvesCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@managehrmagazine.comeditor@managehrmagazine.commarketing@managehrmagazine.com MANAGE HR MAGAZINEJuly - 07 - 2023, Volume 04, Issue 19 (ISSN 2832-3572)Published by ValleyMedia, Inc. To subscribe to Manage HR MagazineVisit www.managehrmagazine.com Editorial StaffAaron PierceAbner Lawrence Ava GarciaGina ClumskyPhilo VazRussell ThomasTiffany HayworthYenny Turner
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