An Employer of Record (EOR) is a third-party organisation that acts as the legal employer for a worker on behalf of another company, assuming responsibility for all aspects of the employment relationship with its employees. The EOR typically handles tasks such as payroll, benefits administration, compliance with labor laws, immigration support and other HR-related functions.
May it be in a traditional office-based set-up, remote or a hybrid setup, there are numerous benefits to using an EOR such as EWS | Enterprise Workforce Solutions, including:
Compliance with Employment Laws
Employment laws and regulations can be complex and constantly changing. An EOR can help ensure that your business is in compliance with all applicable laws and regulations related to employment, including tax laws, employment contracts, and benefits and will manage it all for you.
Through an EOR, you can transfer the risk associated with employing workers internationally yourself. The EOR assumes responsibility for compliance with employment laws and regulations, IP protection and workers’ well-being reducing the risk of potential legal and financial liabilities for your business.
Businesses expanding globally can rely on the EOR for local expertise and expediting onboarding processes. Partnering with an EOR is the most convenient way for a company to meet its global growth objectives as it helps you establish legal presence in new countries quickly and easily. All aspects of local employment, including payroll, tax compliance, and benefits are covered.
Focus on Core Business
By outsourcing employment-related tasks to an EOR, your business can typically run a lean HR function and focus on core competencies and strategic initiatives, rather than administrative tasks associated with employment. This can definitely help increase productivity and profitability while saving you time and resources.
Access to Expertise
An EOR such as EWS have deep expertise in employment-related matters, including employment law, HR, immigration and permits, and payroll. Industry professionals under your EOR partner will make ends meet on your team’s behalf, providing solutions wherever and whenever necessary.
EWS helps you to hire an international workforce quickly and compliantly, without setting up a legal entity locally. If you’d like to get in touch about our employer of record solution in over 100 global locations, click here