Why is it a good moment to use an employer of record provider?

Advanced technologies, growing economies, access to new markets and a skilled workforce are all factors that motivate companies to expand outside their borders. When considering expanding internationally however, many businesses think that the only one way to achieve this goal is by setting up their own entity in a foreign country.

It is certainly true that this option can work extremely well for companies who are building infrastructure and have pre-defined long-term plans for the country. However, if a business is looking to expand quickly without delays then working with an EOR provider could be the solution.

So, if you’re a company is looking for a fast way to expand their business and hire workers then an Employer of Record (EOR) solution could be considered. Why? Here a list of some of the benefits:

Faster expansion

If a business is looking for a quick expansion strategy that enables them to employ remote workers in different countries at the same time, then EOR solutions will help achieve this goal. This is a great way to test the market without having to set up a subsidiary. EOR solutions make it easier for businesses to expand into new international markets quickly and in a safe and potentially profitable manner.

Talent Retention

An EOR solution allows a business to retain valued workers who may move to a different country for personal or other reasons.

Enables companies to focus on their core business activities
EOR solutions make it easier for business to concentrate on the running of the core day-to-day business. Business can focus on core activities without the hassle of organizing global payroll and HR. EOR solutions save valuable time and resources that would be spent on understanding the complexities of setting up in country.

So… Why use an employer of record provider?

• Lower Cost
• Lower Risk
• Faster set-up

If you are thinking of expanding your business and looking to hire internationally,  Contact Us