The Importance of EOR
Employer of Record Service are normally cost efficient and legally allowed methods for expanding internationally to reach global employer(s). EOR is accountable for non-compliance and is aware of all relevant regulatory obligations. Small and medium-sized enterprises (SMEs) can have difficulty accessing competitive insurance packages for their employees. EOR is cost effective alternative than creating an own entity, as well as the EOR reducing cost of operations.
Why do you need Employer of record services?
Understanding overseas local employment laws and regulations.
Staying up-to-date of changes in markets and governments.
Managing an overseas workforce are often difficult for global companies and companies planning to expand internationally.
Overseas offices require extensive legal and financial knowledge, ample time for expansion, and much more stress and resources.
Thus, EOR Service is an important step to take for companies expanding or going global.