Reduce the stress of HR routine chores
Address the limitations of corporate staffing issues
Meet the employment needs of enterprises in temporary, auxiliary, alternative, and other short-term positions
Improve HR's communication efficiency for employees in the above positions
1. Expanding into New Markets Quickly
Setting up a legal entity in a new country can be time-consuming and complex. A Global EOR can help you start operations quickly.
2. Compliance and Risk Management
Employment laws vary significantly from country to country. A Global EOR has expertise in local labor laws, tax regulations, and compliance requirements.
3. Managing Remote Teams
With the rise of remote work, companies are increasingly hiring talent from around the world. A Global EOR can manage the employment aspects, including payroll, benefits, and compliance, for remote employees.
4. Short-Term Projects
For short-term projects or contracts, setting up a legal entity may not be practical. A Global EOR can handle the employment for the duration of the project.
An employer of record (EOR) is a third-party entity that takes on the legal responsibilities for employees of another organization. This service can be provided either domestically or internationally, even in countries with different employment regulations.
The EOR manages various employment-related administrative tasks, including payroll and ensuring compliance with local laws, while the client company retains control over managing the employees and their work tasks. This setup enables businesses to grow their operations into new areas without the added burden of handling complex administrative and risk management duties.
Geographic Coverage and Local Expertise
First, ensure the EOR provider has a strong presence in the countries where you plan to expand. They should have a deep understanding of local laws, regulations, and market conditions. Local expertise is essential for navigating the complexities of employment laws and ensuring compliance.
Compliance and Legal Expertise
The provider should have a proven track record of compliance with local labor laws, tax regulations, and other legal requirements. Their ability to mitigate risks associated with non-compliance, such as fines and legal issues, is crucial.
Service Offerings and Customization
Look for a provider that offers a comprehensive range of services, including payroll management, benefits administration, tax compliance, and HR support. They should also be able to tailor their services to meet your specific needs and business objectives.
Technology and Integration
Evaluate the technology platform the EOR provider uses for managing payroll, benefits, and compliance. It should be user-friendly, secure, and capable of integrating with your existing HR systems. Robust data security measures are also essential to protect sensitive employee information.
Reputation and Track Record
Ask for references and case studies from other clients, particularly those in your industry or with similar needs. Look for reviews and testimonials to gain insights into their reliability and customer satisfaction.
Customer Support and Account Management
Assess the provider’s customer support capabilities. They should offer timely and effective support to address any issues or concerns. Ideally, the provider should assign a dedicated account manager to your company, ensuring personalized and consistent support.
Feature | Employer of Record (EOR) | Staffing Agency |
Role | Legal employer and HR administrator | Talent acquisition and placement |
Responsibilities | Payroll, benefits, taxes, compliance | Sourcing, screening, contract management |
Focus | Ongoing employment relationship | Temporary or contract placements |