What an Employer of Record can do for your business?

What an Employer of Record can do for your business?

What an Employer of Record can do for your business?

Here are some of the key benefits of using an EOR while hiring workers overseas.

Employer of record

If you do decide to work with an EOR, you can count on your service provider to take care of all the formal employment tasks and liabilities on your behalf.

Companies that want to keep employing their internationally remote people fully compliantly have two options – one is to establish an entity and register as an employer in the jurisdiction where the person lives or alternatively use the services of an Employer of Record (EOR).

It includes:

  • Fully compliant
  • End-to-end payroll processing: tax deductions, salary processing, time & attendance, maintaining payment records and among others
  • Employment benefits and its administration
  • Risk management: eradicating risks and liabilities by taking care of tax filings, local & global compliance and beyond
  • Employment contracts: creating, maintaining, and terminating
  • Employee onboarding: a hassle-free onboarding of new hires or relocating existing staff
  • HR support: providing actionable advice on terminations and legal proceedings
  • Immigration assistance: visa and immigration requests, though visa approval cannot be guaranteed
And not only that, it also:
  • Removes the need to set up local incorporation – save substantial resources for your business
  • Accelerate time to market – faster than traditional local entity establishment
  • Empower you to hire remote workers anywhere in the world
  • Brings you a stress-free way to build remote teams
    Eradicates risks when dealing with unfamiliar labor and tax laws
  • Ensure compliance for both the employer and employees, in every country where you want to employ someone.

We help companies hire abroad

If you have any doubts regarding EOR as a solution to employ workers overseas for your business or want to learn more about our EOR services: Contact us

Related content

What an Employer of Record can do for your business?

What an Employer of Record can do for your business?

Here are some of the key benefits of using an EOR while hiring workers overseas. If you do decide to work with an EOR, you can count on your service provider to take care of all the formal employment tasks and liabilities on your behalf.

What are SMART goals?

What are SMART goals?

In addition to salary, there are many things to consider when you incorporate a new person into the company.

The hidden benefits of getting a remote job

The hidden benefits of getting a remote job

The hidden benefits of getting a remote job

4 considerations to take into account before making a decision.

Remote Job

Changing jobs is not an easy decision. Here are 4 key things to consider before deciding.

1. Money

Compensation is often more than just a base salary. Is there a cash bonus or commissions? While your base salary is generally fixed, a bonus and commissions aren’t guaranteed and may vary from year to year. Will you be paid for overtime? Does the company offer stock compensation?

2. Benefits

Many employers provide a workplace savings plan match program, profit sharing, tuition reimbursement, life insurance, flexible spending accounts, health insurance, disability insurance, and paid time off. Assistance with student loan debt is increasingly being offered as a workplace perk as well.

3. The cost of leaving a job

Leaving your current job may also cost you, so to speak. You may lose what your employer contributed to you. Some people do still have a defined benefit plan or pension at work. Making the decision to leave a job with access to a defined benefit plan comes with a unique set of considerations. After employees reach a certain age, pensions make regular payments for life. The size of the payment depends on salary and length of service. It can be a valuable benefit and may not be easily replaceable.

4. Type of job: remote or presential?

Each has its advantages and disadvantages. If you must relocate, you may have to pay for moving costs, real estate agent fees, or temporary housing. Some companies cover these costs for new employees, but not all do. For many people working from home is easier and makes you earn more money.

remote job. a good option to consider

Thanks to the way work has changed today, we can work from home for a company from any part of the world. Do you want to know how? Contact us

Related content

The skills age

The skills age

The secret to standing out in your job search isn’t just dazzling an interviewer or crafting the perfect follow-up email

3 tips to network on LinkedIn

3 tips to network on LinkedIn

Networking can seem like a huge undertaking, especially for a job search. Many of us wish we had expanded our network before we needed to, but a lot of times it is just not the focus.

Frequently asked questions about EOR (Part II)

Frequently asked questions about EOR (Part II)

Frequently asked questions about EOR (Part II)

Although more and more companies use this method of contracting, there are still unresolved questions. We already answered some in our blog, but we were left with some important ones without doing it.

EOR FAQs

Always with the aim of helping your company, we share some of the most frequent questions that come to us from our customers:

Do they have operations in the destination country?

Not every Employer of Record has experience working in every country. The ideal scenario is for the EOR to have substantial experience working in-country with local expertise.

Are they internationally compliant with local employment law?

The major upside to using an EOR is mitigating the risk of violating local payroll, tax and immigration laws. In-depth knowledge of such legislation is critical when selecting a provider.

Do they have experience with similar business owners in your industry?

If they understand the business, they can tailor a solution to fit the needs of the company.

Will you be assigned a single point of contact or an online portal?

When managing people, you don’t want to be treated as a number, with little human interaction.

Is the Employer of Record service part of their core business? If the EOR is an ancillary part of their business, it will not be a core focus. This can impact performance and employee morale.

we have a specialist to advise you

If you still have doubts about how we work or if you are interested in us helping you: Contact us

Related content

3 tips to network on LinkedIn

3 tips to network on LinkedIn

Networking can seem like a huge undertaking, especially for a job search. Many of us wish we had expanded our network before we needed to, but a lot of times it is just not the focus.

Optimizing home office

Optimizing home office

Working from home has excellent opportunities for both productivity and distraction. We give you some ideas to avoid falling into the trap.

Frequently asked questions about EOR (Part I)

Frequently asked questions about EOR (Part I)

Frequently asked questions about EOR (Part I)

More and more companies are hiring us, but at the same time there are more and more doubts. We invite you to read the first questions. We will answer more in the next days, so: stay tuned!

Main post image
1. Are you an international PEO?

Professional Employment Organizations (PEOs) provide their services in most cases by co- employing the workers with their clients. Co-employment does not exist in an identical format outside of the US. Our EOR service is designed exclusively for companies with the need to hire employees outside of the US. So, while the service is modeled after PEOs in the US and does provide many of the same benefits of a PEO, we are not an international PEO.

2. How can we engage a worker in a country where my business has no presence or establishment?

We can employ foreign workers in many countries on our client’s behalf. This means that in countries where your company does not have a business entity, you can still legally employ local workers. Our clients do not have to form a local entity. That is one of the core benefits of our EOR service delivery mode.

3. Will we need to set up bank accounts in the country we wish to engage a worker in?

No, foreign banking facilities and local funds are not required. We manage the foreign payments in the local currency, and then invoice the client in GBP, Euros or USD. However, in most countries, the worker being paid will need to have an in-country bank account to receive funds in the local currency.

4. How do we know what benefits we must provide for the worker?

The laws on benefit provisions are completely unique to each country. By becoming the employer of record, become responsible for ensuring all statutory benefits are provided to the worker. In addition, we can offer clients insights into what is customary in each country and in many cases, will provide referrals to benefit experts who design supplemental packages, if desired. Our clients find that this is a great way to help workers feel unaffected by the alternative arrangement, which results in higher worker retention.

5. How can I pay my foreign worker compliantly?

All you need to do is to agree what to pay the worker, have them sign the approved in-country worker contract, adhere to the agreed upon payroll schedule and leave the rest to us.

Do you still have doubts?

With our services our clients no longer need to own a local entity to employ talent compliantly. We offer the most cost-effective way of growing internationally while maintaining legal compliance within the countries your experts work in. Contact us

Related content

What an Employer of Record can do for your business?

What an Employer of Record can do for your business?

Here are some of the key benefits of using an EOR while hiring workers overseas. If you do decide to work with an EOR, you can count on your service provider to take care of all the formal employment tasks and liabilities on your behalf.

Frequently asked questions about EOR (Part II)

Frequently asked questions about EOR (Part II)

Although more and more companies use this method of contracting, there are still unresolved questions. We already answered some in our blog, but we were left with some important ones without doing it.

A new way to hire

A new way to hire

A new way to hire

Work changed, it’s time to change the way we employ people too.

Main post image

Over the past year, we saw more workers going remote and more collaboration happening online, changing not just work but hiring forever.

It’s no wonder that the world’s top companies now recognize global hiring as a business advantage and opportunity, allowing them to gain insights into new markets and greater diversity in ideas. Additionally, international hiring helps solve challenges around finding the right talent and retaining talent among the growing number of workers who wish to relocate. But it’s not without risks and complexity, which have long created barriers to entry for recruitment teams who want to hire across borders.

So, what is a hiring manager to do? In many hiring scenarios, the most straightforward approach is working with an employer of record.

Why use an Employer of Record (EOR)?

Most recruiters have experienced the pain of finding the perfect candidate for a role, only to turn them down because of the country where they reside. Employers of record provide the solution to this problem.

 

What is an Employer of Record (EOR)?

An employer of record is simply an entity through which you can legally employ your dream hires, regardless of where they live. Do you know about us? https://rootseor.com/ . EOR Roots acts as the worker’s employer on paper, but effectively, your hire will work for your business just like anyone else on your team.

We will typically manage hiring, compliance, payroll, benefits, and more for your foreign employees, thereby eliminating much of the cost and complication from the process of global hiring.

Why businesses need us?

The reality is that most companies don’t have the resources or expertise needed to make global hiring work, and mistakes can come with considerable risks.

For companies with the resources, opening an entity may not be the best use of their time or money. Partnering with us. Roots EOR, is often faster and more cost effective. Reducing cost and complications of global hiring are advantages of EORs, but far from the only ones. Hiring managers also need to be mindful of the risks of misclassifying workers or running astray of labor laws in the foreign countries.

hire best talents everywhere

Fortunately, by working with Roots EOR; businesses can tap into the expertise of employment lawyers and business experts whose entire focus is getting global hiring right. This means that internal talent specialists can focus on doing what they do best, like attracting and retaining the right talent on their teams. Not struggling to keep up with changing laws in multiple countries. Want to Contact us?

Related content

What an Employer of Record can do for your business?

What an Employer of Record can do for your business?

Here are some of the key benefits of using an EOR while hiring workers overseas. If you do decide to work with an EOR, you can count on your service provider to take care of all the formal employment tasks and liabilities on your behalf.

Frequently asked questions about EOR (Part II)

Frequently asked questions about EOR (Part II)

Although more and more companies use this method of contracting, there are still unresolved questions. We already answered some in our blog, but we were left with some important ones without doing it.

What is an Employer of Record?

What is an Employer of Record?

What is an Employer of Record?

The solution to hire people from all over the world. Do not miss this article!

Main post image
What is a Employer of Record (EOR)?

Employer of Record is a company that takes on all employer-related responsibilities for small to large enterprise-sized businesses. The Employer of Record handles state-specific onboarding, payroll, taxes, payroll compliance, benefits administration, unemployment claim reporting, and other HR-related tasks.

Some important things to have in mind…

1. Full legal employer: An Employer of Record is liable for all employer-related responsibilities—from benefits and payroll to insurance and taxes. Working with an Employer of Record allows you to focus strictly on day-to-day oversight of your workforce.

2. State registration not required: With an Employer of Record partner, your company can expand its talent pool and compliantly recruit talent in any state—without going through the time-consuming business registration process.

3. Compliant, cost-effective benefits: When you bring on talent in new markets, your Employer of Record partner ensures you provide benefits that adhere to local regulations. An Employer of Record pools your talent with workforces from other companies, so you get access to lower-priced group rates from insurance providers.

 

What is a Professional Employer Organization (PEO)?

A PEO is a company that partners with small and medium-sized businesses to provide comprehensive HR services, including payroll processing, benefits administration, regulatory compliance, tax filings, and more. A PEO acts as a company’s outsourced HR department so internal teams can focus on their core responsibilities.

Some important things to have in mind…

1. Co-employment: When your company partners with a PEO, you are both legal employers of your workforce. However, you remain responsible for the day-to-day oversight of your talent.

2. State registration typically required: Working with a PEO usually means you must register your business in every state in which you hire.  As a result, it makes the most sense to partner with a PEO when you plan to hire in states where you’ve already registered your business.

3. Boosted benefits packages: A PEO helps small and medium-sized businesses provide the same robust employee benefits plans offered by larger companies. Like an Employer of Record, a PEO partner pools your employees with those from other organizations to qualify for more favorable group rates from insurance companies.

The critical difference between an Employer of Record and a PEO: An Employer of Record is the full legal employer of a company’s distributed workforce, while a PEO remains a co-employer.

If your goal is to quickly and compliantly hire top talent no matter where they’re located, partnering with an Employer of Record gives you the flexibility to easily enter to any country.

Working with an Employer of Record also gives you peace of mind knowing that experts compliantly handle every HR and employer-related responsibility, so your teams can focus on their core responsibilities. As a result, Employer of Record providers reduce the time, hassle, and cost required to build a distributed workforce across the world.

Are you interested in expanding your work team?

Roots EOR brings your company a turn-key solution to allocate staff abroad to be compliant with local labor requirements without forming a local legal structure. Contact Us

Related content

Employee retention matters

Employee retention matters

It’s no secret that retaining top talent is key to promoting organizational growth. Recruiting and retaining new employees is expensive and time consuming.

Changes in the way of working and hiring

Changes in the way of working and hiring

Americans quit jobs at a record pace during the second half of 2021, and more plan to resign in the new year. How can companies take advantage of this situation and seduce employees?