10 GREAT REASONS To hire internationally through an employer of record (EOR)
What is an EOR?
International expansion and global talent acquisition have never been easier thanks to the emergence of employer of record (EOR) services, whereby a provider hires and manages overseas employees on behalf of other companies.
An EOR, as part of its services, handles payroll and assumes responsibilities related to local regulatory compliance. This means their clients do not need to set up a foreign entity, recruit support staff to help administer international professionals, or worry about unfamiliar regulations.
A range of services are available through an EOR, including assistance with the recruitment process. Although technically hired by the EOR, these professionals report directly to the EOR client.
With an established recruitment network and expert knowledge of the markets they operate in, depending on the destination and job role, an EOR can source and onboard people in a matter of weeks. If the company already knows who they want to employ through an EOR, that could even be days.