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Why work with an employer of records (EOR)?

Why work with an employer of records (EOR)?

It can offer several advantages for both employers and employees. Here are some reasons why you might consider working with an EOR:

Compliance

EORs specialize in employment and labor laws, tax regulations, and compliance matters. They can help ensure that your company follows all relevant laws and regulations, reducing the risk of legal issues and penalties.

Global expansion

If you want to expand your business internationally, EORs can provide a streamlined way to hire and manage employees in different countries without establishing a legal entity in each location.

Administrative efficiency

EORs handle payroll, benefits administration, tax withholding, and other administrative tasks, saving you time and resources that you can allocate to core business functions.

Risk mitigation

EORs take on some employment-related risks, such as labor disputes and employee claims, helping protect your company’s interests.

Access to talent

EORs often have a network of local talent and can help you quickly find and onboard qualified employees in new markets.

Employee benefits

EORs can offer competitive benefits packages, helping you attract and retain top talent.

Flexibility

EOR services are scalable, allowing you to adjust your workforce size easily in response to changing business needs.

Focus on core business

By outsourcing HR and employment-related tasks to an EOR, your company can concentrate on its core operations and strategic objectives.

Cost savings

While EOR services come with fees, they can often be more cost-effective than establishing and maintaining a legal entity in a new location, especially for smaller businesses.

Expertise

EORs are experts in global employment, allowing you to tap into their knowledge and experience to navigate complex international employment landscapes.

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