Employer of Record Services
Introduction
Effortlessly hire and onboard employees across borders without the need to open a local entity
Focus on growing your business while we handle the entire process of employing employees on your behalf. With our solution, you can have dedicated team members working for you without the hassle of entity setup, payroll management, and compliance. Enjoy a seamless and hassle-free experience as we take care of all the necessary details.
What is an EOR?
EOR stands for “Employer Of Record”. It is a third-party organization that does hiring and payroll on behalf of businesses.
EOR enables clients to hire overseas’ talents from another country without the need to set up a local entity by themselves. As such, companies do not need to worry about violating the local employment laws of the country they intend to hire due to unfamiliarity with the local legal requirements.
With EOR’s help, companies can hire, manage and pay global employees according to their country’s currency seamlessly and compliantly.
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Functions and responsibilities
of an EOR
- Employment contracts
- Onboarding, orientation, and training of new hires
- Accurate and timely payroll processing
- Benefits, deductions, and taxes compliance
- Study the labor laws of the host country regarding worker protections and local contracts
- Act as a channel between government authorities and the client
- Creating timesheets and implementing incentive schemes
- Terminate workers on behalf of the client
Key Differentiators
Employment Contracts
Annual Statutory Reports for Employers and Employees
Payroll & Tax Administration
Cross-border Salary Payment
Employee Benefits
Worker Classification and Compliance Check
Benefits of hiring
an EOR
- Fast market entry
- Local experts on tax law and regulations
- No need to set up a local legal entity to employ global workers
- Time and indirect cost savings
- Real-time data via custom dashboards