Benefits Of Using Employer Of Record Services

by Henry W. Recommendation To Improve Business

Partnering with an employer of record services can be very beneficial to many businesses especially to the ones who are planning to expand their work operations abroad. The employer of record services handles all back office support tasks, many of which can be overwhelming for owners.

A Professional Employer Organization can help you with your basic hiring needs and make the recruitment process in another country much less arduous and complex. These companies are a third party agency that takes all of the hiring, recruiting and HR processes upon itself. They do not replace your own human resource but augments it.

When you are hiring people outside the country your business operates in, it is important that you need to open a subsidiary in each of the countries you plan to recruit in. You need to register your business in the company where you want to operate your business and hire people.

Registering a company calls for loads of varied laws that are mandatory for you to comply with, if you want to recruit there and operate your business there. However there is an alternative to hiring employees all across the globe- Hiring Employer of record services –EOR.

Hiring people through EOR means you do not have to have a company locally. EOR hires your global employees on behalf of your company. Here are the benefits of hiring a good and professional EOR for your offshore business:

1. Take care of all the administrative work regarding employment

2. Takes care of on-boarding

3. Set up contract in sync with the local employment laws

4. Manage the payroll and payroll taxes

5. Supplies local benefits administration like health insurance

6. Manages timesheets for number of employees

7. Supplies all work permit and visas

8. Handles all the recruitment expenses including employment arrangement

9. Terminates contract and dismisses employees

Benefits of hiring though the employer of record

A professional EOR services allow business entities to overcome the distance and national borders when recruiting new employees. Here are benefits:

1. Easily expand your business to global markets

2. Employer of record takes care of everything

3. Takes care of labour and employments laws for the country you are recruiting in.

4. No need to worry about additional payroll taxes

Using EOR enables companies legally, and efficiently to engage with overseas workers either in a new country or state without having to set up local subsidiary or risk violating local employment laws.