Curious about how Employer of Record Services can help you attract top global talent? Get a FREE Demo now!
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If you’re considering making your initial global hires, an Employer of Record (EOR) offers the most secure and straightforward option. Whether your aim is to recruit for entirely remote positions, teams with a mix of remote and in-person work, or offices spread worldwide, EORs will be your ally, ensuring the safety of your business from the hiring phase to the entire duration of employment agreements.
Interested in hiring internationally without the hassle?
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How EoR Can Transform Your Operations?
Employer of record (EOR) allows you to grow a global workforce without needing to set up new entities across the world. Hire the top talent abroad and an EOR provider will do the leg work, like managing international hiring, onboarding, payroll & compliance from one easy-to-use platform.
Employers of record can be located within the same country as the business it employs workers for or in another country with different employment laws.
The tasks that an EOR takes on vary from service to service and location to location. Here are a few tasks that a typical EOR handles:
- Compliance with local employment laws: an EOR will guide and support a business to ensure employees are hired in accordance with local laws in every country or jurisdiction and provide them with compliant employment contracts. As the EOR is the employer, the business can rest easy knowing that the legal ins and outs are taken care of.
- Onboarding new team members: once a business has found a new hire the EOR will onboard them, managing the employment agreement and setting up all the necessary processes necessary for the new team member to start at the company.
- Running payroll internationally: Payroll and local taxes for both the employee and the employer will be fully managed by the EOR. The business’s team members will be paid by and receive payslips from the EOR.
- Managing compensation and benefits: EORs often offer a variety of benefits but these vary from service to service. Benefits can include health insurance, time-off policies, parental leave, etc.
- Processing contract terminations: when an employee’s contract is terminated, the EOR will handle all the necessary details.
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Successful companies are leveraging various EoR services for their international hiring needs!
In addition to Deel, we’ve compiled a selection of other EoR service providers you might want to explore as well
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