Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively. So, if you want to find new markets, lower risks, facilitate an acquisition and simplify things and costs: EOR is the answer.

1. A vehicle for exploring new markets.

An EOR lets you evaluate the readiness of an international market by hiring workers for you in your targeted country. You can see if it works in the country by starting operations with your new workers, without having to commit the time and money required to establish an entity.

2. Lower risks

Employer of record can handle all payroll, benefits, tax and compliance requirements for your new global workers, so you can focus on their contributions to your organization—not on their risk.

3. Facilitate an acquisition

If your organization has recently acquired a workforce in a new country but does not have a way to compliantly pay the new employees because the deal does not include the legal business entity. An EOR would be a great solution to pay the employees compliantly on your behalf indefinitely, or until you set up an in-country entity.

4. Simplify things

One has to consider the complexity of payment schedules, the number of jurisdictions, and insurance policies involved in your current staff. With that, you can weigh the sums that will be invested in the service provision offered versus the stress and money of doing so by yourself

5. Mind the costs

Keep also in mind the costs, both in time and money, of setting up companies overseas. These sets of actions will extend the scope of liability, the jurisdictions where you can be sued, and will, most likely, exceed the difference in the price for an EOR service provision.

With our services our client no longer needs 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. Want to contact us? Click here