With a diverse team across 23 countries, Repsol boasts a significant global footprint. The company recently restructured as part of ongoing efforts to optimize the business, which included winding down its entity alongside the sale of its exploration and production assets in Canada.
Throughout this shift, Repsol remained committed to retaining its more than 50 talented team members based in Canada. To ensure a seamless transition for these individuals, Repsol opted to partner with an Employer of Record (EOR) to preserve its team’s expertise while adapting to changing business priorities.
Teaming up for enhanced efficiency
Repsol was familiar with G-P’s industry-leading EOR solutions that manage payroll processing, tax compliance, benefits administration, and legal employment matters, but hadn’t engaged with them previously due to Repsol’s extensive network of established entities worldwide. Repsol leadership chose to partner with G-P to help drive a successful shift from an entity to an EOR model in Canada.
Repsol has since benefited from leveraging the powerful technology and expert guidance behind G-P Meridian Prime™, G-P’s premium EOR package that enables the company to streamline complexities and mitigate risks associated with global employment.
Driving success with a human-centric approach
Within three weeks of partnering with G-P, all Repsol team members based in Canada were seamlessly transitioned to G-P’s EOR solution. G-P managed all necessary documentation, payroll setup, and compliance requirements, ensuring a smooth and expedited onboarding process for each team member, which allowed Repsol to avoid disruptions in operations.
“The quick response and agility from the G-P team proved instrumental in transitioning our employees within an exceptionally tight timeframe,” explained Nick Cheesman, Senior Manager, People and Organization at Repsol.
“G-P’s management of trailing liabilities enabled us to retain key talent, oversee the closure of our Canadian entity, and ensure compliance with all legal and financial obligations, allowing us to concentrate on business operations.
Repsol’s commitment to its team in Canada ensured their retention throughout the process, highlighting the company’s dedication to its workforce. Preserving more than 50 positions saved Repsol approximately USD 3.7 million in onboarding expenses alone.
Supported by G-P, Repsol’s leadership team prevented disruptions to employment, offering stability and reassurance to its staff who were part of the transition in Canada. The company proved it was willing to think beyond conventions to ensure continuity for its people. This commitment instilled confidence, trust, and increased loyalty among the team, fostering a positive work environment and driving overall success for Repsol.
“Thanks to G-P’s seamless transition process, we were able to focus on what matters most: our employees. What has impressed us significantly is G-P’s human touch. The team demonstrates a genuine commitment to our success and the well-being of our employees.
In addition to exceptional support from the G-P team, the intuitive design of the G-P platform has simplified essential tasks such as payroll management, HR administration, and compliance tracking by consolidating them into a single, user-friendly system.
Looking forward
Repsol’s decision to wind down its entity after the sale of its exploration and production assets in Canada, while prioritizing talent retention, underscores its commitment to efficiency, sustainability, and its team. With G-P’s technology and support playing an important role in facilitating the process, Repsol acknowledges the importance of the ongoing partnership.
“G-P’s technology and support have been instrumental in navigating a smooth transition for our employees, and we're eager to continue leveraging their expertise to employ top talent. As we look ahead, the ongoing partnership with G-P remains essential to our global staffing initiatives.
