Global hiring via an employer of record (EOR): key finance benefits

• An employer of record (EOR) is a company that can hire international team members on behalf of your company, offering a range of benefits in the process.
• Essentially, the EOR hires those team members through its local entity, and in the process takes care of their onboarding, payroll, ongoing administration, and eventual offboarding as part of the services agreement.
• Your company will be billed for payroll as well as other set up fees and costs based on the country you are expanding into, and you will be charged as part of the ongoing EOR service fee.
• The team members you hire via an EOR, meanwhile, report directly to you. While the EOR is their official employer in the eyes of local authorities, you control their workload, schedules, and task-setting.

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