If your business aims to enter new markets in different countries, an Employer of Record (EOR) service enables you to establish your operations swiftly in the desired location.
Employer of Record Services (EOR) acts as the official employer for your new employees in a specific country. By utilizing an EOR, you can hire and work with international employees without needing to establish your own legal entity in that country.
This allows you to remain in compliance with local tax and labor regulations. The only task left for you is to select the most suitable EOR for your company before hiring globally.
However, selecting the right global Employer of Record (EOR) service can be a challenging task for businesses due to the abundance of options available. To assist you in making an informed decision, this guide provides detailed information on the top 40 EOR services currently available in the market.
Read More:
What is an Employer of Record Service?
Employer of Record Services, also known as EOR services, are provided by third-party service providers. These providers take on the legal responsibility of being the employer for your staff in a foreign country while your parent company retains control over their daily tasks and workload.
By acting as the legal employer, the EOR service provider takes care of various aspects such as payroll, tax deductions, compliance management, benefits administration, and other local employee benefits.
Employer of Record (EOR) services prove to be advantageous for businesses aiming to access the worldwide pool of talent or venture into international markets, as it greatly simplifies the process.
Rather than overloading your in-house HR team with the intricacies of operating under various international laws and regulations, you can delegate these tasks to an EOR service. This guarantees that your operations remain compliant in every jurisdiction where you employ overseas staff, giving you the assurance and peace of mind you need.
Best Employer of Record (EOR) Services
1. Papaya Global
Papaya Global offers an innovative software platform that serves as a solution for managing a global workforce. With their automated and user-friendly system, recruiters can effectively overcome challenges associated with hiring employees worldwide. The platform encompasses various features, ranging from streamlining the onboarding process to facilitating cross-border payments in over 160 countries.
The services provided by this platform cater to various types of employees, including payroll workers, Employer of Record (EOR) workers, and contractors. It seamlessly integrates with management tools and utilizes intelligent technology to eliminate mistakes and ensure adherence to regulations. Additionally, it establishes a transparent system for monitoring payroll expenses and obtaining real-time business insights.
If your company is looking to streamline its global people management processes, Papaya Global is here to assist. With Papaya’s cutting-edge automation, security, and business intelligence features, enterprises can enhance their payroll system without the need for a complete replacement. Additionally, Papaya offers a self-guided tour that demonstrates how payroll professionals can efficiently and legally automate and oversee global payroll operations using their advanced technology.
Key Services
Papaya Global offers a comprehensive range of services for employers, including Employer of Record Services. These services encompass various aspects such as ensuring compliance with regulations, providing liability coverage, managing employee contracts throughout their lifecycle, offering assistance with immigration and visa processes, monitoring data security, and facilitating global payroll processing through an advanced AI-powered.
2. Deel
Deel is a trusted platform that offers Employer of Record services, making it effortless for companies to hire individuals across more than 150 countries. With Deel, employers can easily expand their business globally without the need to set up a new entity, enabling them to tap into the expertise and talent of a diverse global workforce.
Deel provides convenient free calculator tools that allow you to estimate the expenses associated with hiring an international worker. These tools enable you to compare costs in various countries and determine the necessary benefits and withholdings. Deel’s team of local legal experts ensures that compliant contracts are generated and stay updated with any regulatory changes, relieving you of the responsibility of meeting all legal obligations.
In recent times, this established company has introduced various new services such as global payroll, global mobility support, integrated Slack tools, and advanced integrations. With their global payroll service, they provide in-house expertise that can greatly assist companies in simplifying their accounting and reporting processes if they already have a payroll system in place.
Key Services
Deel provides solutions for managing your global team, handling all aspects from hiring to firing. Their user-friendly web application offers a variety of features to effectively manage employees, including international benefits, contract administration, and expense monitoring. With their integrated contract management feature, businesses can customize contracts with advanced options such as stipends, signing bonuses, and stock options.
3. Remofirst
Remofirst is a company that offers Employer of Record (EOR) services globally. Their goal is to assist employers in overcoming geographical limitations, enabling them to easily access talent from around the world. Their EOR platform is designed to simplify the process of hiring and managing full-time employees or contractors in over 170 countries. With Remofirst, there is no longer a requirement to establish a local entity in each country where talent is sourced from.
In addition to their Employer of Record Services, Remofirst also offers a range of other solutions, such as international payroll and invoice management, global benefits management (including insurance and equity plans, as well as time-off management), visa support, and assistance with various immigration documents for employees. They also provide assistance in provisioning equipment to your distributed employees across different regions worldwide.
Key Services
Remofirst offers a convenient solution for managing international payroll. They streamline the process by allowing you to consolidate your invoices into a single payment, saving you the hassle of making multiple payments.
Additionally, they handle all the calculations for your team’s hours, time off, holidays, bonuses, and commissions, eliminating the need for you to worry about it. All you have to do is review their monthly invoice and give your approval for payment. Moreover, your employees will benefit from receiving their salaries in their local currency, which they will surely appreciate.
4. Multiplier
Multiplier is a company that specializes in employer of record services, which includes HR and global payroll solutions for businesses. By partnering with Multiplier, businesses can delegate these tasks to a single provider. Multiplier stands out for its emphasis on technology, providing businesses with a convenient and user-friendly platform to efficiently handle their workforce management needs.
With their presence in more than 150 countries, Multiplier has the capability to provide Employer of Record services that comply with local regulations for businesses looking to expand their operations or hire employees overseas. By entrusting Multiplier with your core HR tasks, you can minimize potential legal and financial risks commonly associated with employing workers in diverse jurisdictions.
Multiplier offers Employer of Record services that assist businesses in efficiently and expeditiously integrating new employees. These services encompass managing payroll and benefits, as well as ensuring adherence to local laws and regulations.
With Multiplier’s EOR services, businesses can swiftly hire new talent within a mere 24 hours after selecting the desired international candidate. Furthermore, their streamlined four-step onboarding process is user-friendly and intuitive, guaranteeing a positive experience for newly hired employees.
Key Services
Multiplier offer a range of essential services for businesses, such as managing payroll, ensuring tax compliance, administering benefits, and handling worker’s compensation.
Their team of knowledgeable professionals offers continuous support and guidance to ensure businesses adhere to local employment laws and regulations and overcome any obstacles they encounter.
Additionally, their website provides valuable resources like the TalentWiki and Work Permit database, which consolidate all the necessary information for hiring in different countries into one convenient location.
5. Atlas HXM
Atlas HXM provides cutting-edge solutions to forward-thinking companies aiming to thrive in the global marketplace. Recognized as a leading provider of Employer of Record (EOR) services, they strongly advocate for businesses to have the freedom to hire individuals of their choice, regardless of their geographical location.
Companies looking to expand globally can benefit from the Employer of Record Services offered by this organization. Their team of international professionals provides flexible solutions through their advanced technology platform. With these services, companies can easily onboard talent, ensure compliance, and handle payroll for their global workforce, all without the need for a local presence or relying on multiple third-party providers.
Atlas HXM is a global company that operates in more than 160 countries. They have developed an advanced technology platform specifically designed to provide Employer of Record (EOR) services to numerous companies and remote teams. This platform offers self-service features and real-time data analysis, resulting in enhanced user experiences and ultimately, better business results.
Atlas is dedicated to expanding the scope of entrepreneurship and employment opportunities. Their unique business model assists startups and small to medium-sized businesses in competing globally, transforming their commercial ideas into successful international enterprises. By doing this, Atlas brings growth and prosperity to local economies and the individuals employed there.
Key Services
Atlas range of services encompasses overseeing compliance in specific countries and regions, providing access to a diverse pool of international talent, monitoring employee engagement and productivity, offering assistance with immigration processes, and providing support for business visas and work sponsorship agreements.
6. Foxhire
Froxhire provide a wide range of services as an Employer of Record in more than 100 countries. Froxhire main focus is on handling financial, administrative, insurance, and legal aspects for their clients. Froxhire take care of all employee personnel and administrative tasks, such as payroll management, timesheet tracking, and benefits administration.
This company focuses on providing Employer of Record services specifically tailored to assist organizations in hiring for technical, healthcare, or higher education positions. They go above and beyond to ensure the credibility of the workers they hire on your behalf.
This includes conducting thorough verification processes for licenses and certifications of healthcare professionals and nurses, as well as verifying educational credentials for college and university hires.
Key Services
Froxhire offer a range of solutions to assist businesses in managing their employees. This includes the process of employee onboarding, conducting background checks, drug screening, and fingerprinting.
Additionally, Foxhire takes care of managing workers’ compensation, handling unemployment claims, and overseeing employee terminations. We also provide expertise in health benefits administration, employment contracts, immigration matters, tax compliance, immigration authorizations, and ensuring IRS compliance.
7. Remote
Remote is a HR solution designed for remote teams operating across different locations. This platform streamlines the process of employing global talent for companies. It is trusted by renowned organizations such as DoorDash, HelloFresh, GitLab, Paystack, and more.
By leveraging their services, businesses can effortlessly hire both contractors and employees, manage payroll, provide benefits, and effectively expand their operations on a global scale.
The Employer of Record Services offered by Remote enable companies to unlock their potential as global leaders by broadening their reach to talent worldwide, giving them the ability to hire individuals from any location.
Through their EOR service, Remote assists companies in staying ahead in the international talent market by providing access to attractive benefits packages that help them remain competitive.
Employer of Record Services can assist you in providing various employee benefits such as health insurance, dental insurance, vision insurance, life and disability coverage, and mental health support services. An important point to mention is that Remote does not increase the costs of benefits premiums or administration fees, making them a budget-friendly option.
Key Services
Remote offer a range of solutions such as managing global payroll, protecting intellectual property and invention rights, and providing country-specific benefit packages that are both local and competitive. Additionally, their software platform enables easy approval of experience reimbursement and time-off requests through their convenient online portal.
8. Rippling
Rippling provides a solution for managing HR, payroll, and IT needs for businesses and organizations that have employees worldwide. With their platform, you can effortlessly process payroll, ensuring that each distributed team or individual is paid in their respective local currency. Alongside their software, Rippling also offers Employer of Record (EOR) and Professional Employer Organization (PEO) services.
Rippling provides top-notch security, flexibility, and streamlined operations for businesses. This platform enables employers to handle payroll, benefits, time-tracking, and reporting for their entire workforce through a user-friendly interface.
Furthermore, Rippling’s payroll processing eliminates the need for manual entry of employee data and manual calculations. The system seamlessly integrates HR data with the payroll system, ensuring that everything is automated. The only tasks required are setting the appropriate pay periods for your employees, reviewing the payroll, and providing approval.
Key Services
Rippling offers a range of services and software that encompass compliance monitoring, automated tax filings, precise time tracking, and reporting. Additionally, their platform simplifies the process of assigning country-specific compliance training for Employer of Record (EOR) employees.
This eliminates the need for employers to determine whether a particular country mandates employee compliance training. Furthermore, there is no need to seek out a separate system to facilitate such training, as Rippling handles everything seamlessly.
9. Worksuite
Worksuite provides Employer of Record (EOR) and Agent of Record (AOR) solutions in the United States and Canada. These services enable companies to effortlessly hire employees or contractors and ensure compliance with employment regulations.
The distinguishing feature of Worksuite is their range of risk management tools designed to prevent misclassification errors. These tools, such as the IC Risk Analysis and IC Classification tools, thoroughly assess each new hire to determine if they should be classified as an employee or a contractor.
If a new hire is determined to be an employee, Worksuite offers their Employer of Record (EOR) service for hiring them. On the other hand, if a new hire is classified as an independent contractor, Worksuite provides their Agent of Record (AOR) service for hiring them.
Worksuite offers a contractor management system that assists teams in effectively managing various aspects of contractor engagement. This includes sourcing, onboarding, management, and payment processes for contractors operating in 190 countries.
The system ensures compliance with local laws and provides valuable insights into workforce metrics. Moreover, Worksuite’s platform features a user-friendly interface, seamless app integrations, round-the-clock live support, and personalized demos that showcase its ability to meet specific needs in contractor management.
Key Services
The services provided by Worksuite encompass various aspects such as classifying independent contractors to minimize the chances of employment misclassification. They also offer talent onboarding services that are customized according to the individual’s residency.
Additionally, Worksuite Pay facilitates invoicing processes. The platform also takes care of talent sourcing, onboarding, management, and payment procedures, including handling taxes and benefits. This comprehensive approach ensures continuous compliance.
10. Talent500
Talent500 is a global workforce management software that offers employer of record services. These services enable businesses to outsource their employment responsibilities, such as employee record maintenance and hiring processes.
With Talent500, you can efficiently manage your entire employment process, from recruitment and hiring to payroll processing and tax filing. Additionally, you gain access to a team of operation support experts and ensure compliance with local government regulations.
This organization offers Employer of Record services, which includes a network of skilled professionals to assist in finding suitable candidates, creating effective candidate engagement strategies, evaluating applicants, and conducting interviews.
Additionally, they can manage administrative duties related to onboarding, such as conducting background checks and handling new-hire paperwork. With their platform, employers and employees have a convenient single point of contact.
One of the key features of the software is its extensive payroll processing capabilities. It allows for automated payments in various currencies and facilitates the management of applicable tax deductions. Additionally, the software offers benefits administration services, which include the management of healthcare plans, retirement plans, and other employee benefits.
Key Services
Talent500 is designed to ensure compliance with a range of legal regulations, including employment laws, operating zone restrictions, labor laws, tax regulations, and insurance requirements. By staying updated with changes in regulations, the software adjusts its functionality to effectively manage the risks associated with non-compliance.
11. Velocity Global
This company focuses on ensuring that their clients comply with all regulations and offers informative resources to educate customers on the necessary steps for maintaining global best practices.
Velocity Global has a strong motivation to maintain global compliance standards because they offer their services in over 185 countries. This company takes care of the hiring and onboarding process while ensuring that all local labor laws are followed.
In addition, they assist in keeping you connected with your remote team members and handle important tasks such as payroll processing and tax filing. When it comes to offboarding, it is important to keep in mind that Velocity Global offers this service without any additional charges.
However, the company does require a minimum of 30 days’ notice in advance. While this may not be the usual practice in the United States, where a two-week notice is common, it provides adequate protection for industries that typically require one to three months’ notice.
It is worth mentioning that although Velocity Global places great emphasis on compliance, some previous clients have expressed the desire for better communication and customer support from the brand.
12. Oyster
Oyster HR offers global services as an Employer of Record (EOR) and employee management solution. With its convenient automated dashboard, businesses can effortlessly recruit, onboard, and compensate employees in more than 130 countries.
Oyster guarantees compliance with regulations and provides liability coverage, taking full responsibility for safeguarding employee data and mitigating risks through IP protection measures.
Oyster offers Employer of Record Services at a competitive price, with a flat rate starting at $499 per employee per month. For larger-scale needs, customized pricing options are also available.
By purchasing five or more seats, businesses can benefit from reduced rates when hiring global team members. Additionally, Oyster provides the convenience of seat recycling, allowing businesses to avoid unnecessary expenses when employees leave.
In general, Oyster HR offers an affordable solution for managing work. If you’re looking to cut costs without compromising on quality, Oyster could be a suitable choice for you.
13. Globalization Partners
Globalization Partners provides a solution for businesses looking to hire and onboard employees worldwide. Their innovative platform, powered by artificial intelligence, seamlessly combines professional HR services and global payroll solutions. With coverage in over 180 countries, their offering makes it easy for businesses to expand their team across the globe.
The services offered by this platform go beyond just payroll. They offer valuable support for various areas including onboarding, management, benefits administration, and compliance. One of the standout qualities of this company is its wide-reaching presence, as it has established business entities in almost every country.
This advantage allows for a quick and efficient process of acquiring global talent, often completed within a few days. What sets this company apart is that they handle all the legal, tax, and HR complexities seamlessly, ensuring a smooth experience for their clients.
14. GoGlobal
GoGlobal entered the market of Employer of Record (EOR) services in the Asia Pacific region and swiftly gained recognition as the go-to experts for Western companies seeking to hire skilled professionals from that area.
They have experienced rapid growth while maintaining their principle of independently establishing their presence in new territories. They seldom rely on external firms for this purpose, as they already have their own personnel in most of the locations where they operate.
With their establishment in 2018 and extensive experience in global hiring, it was evident that they were well-equipped to navigate through this surge in demand. In the past, their service coverage was limited to 50 countries, but they were consistently expanding by adding a new territory almost every week.
Over the course of a couple of years, they have now expanded their operations and currently serve over 100 nations. Their growth continues at a rapid pace as they consistently onboard new countries and clients.
GoGlobal, being a self-funded venture, has always prioritized flexibility, accountability, and adaptability to meet the specific needs of its clients. Their dedicated team of around 250 remote professionals spans across the entire globe.
15. Horizons
Horizons is a leading provider of Employer of Record services on a global scale, with a strong presence in various countries and regional hubs in the United States, Germany, and Shanghai.
Unlike other international EORs that rely on local firms for in-country operations, Horizons stands out by maintaining in-house local expertise in its worldwide offices. This means that whether you are looking to hire in Shanghai, Mumbai, or Madrid, our team of local employment experts can offer valuable insights on market conditions and legal matters.
Unlike many other Employer of Record (EOR) service providers, Horizons distinguishes itself by prioritizing local expertise and directly hiring employees through its own entities instead of subcontracting.
While other EOR providers may offer a generic approach that applies to all countries, Horizons understands the intricacies of international hiring and provides client companies with guidance from local legal and operational experts who can communicate in various languages.
16. Agile
Agile HRO is a worldwide employment platform that offers a range of services including Employer of Record (EOR), global payroll, global mobility, relocation support, and more. One of its standout offerings is the Agile Hero app, designed for both employers and employees to streamline HR processes. This app allows for effortless integration of various HR functions.
With the Agile Hero App, you have the ability to manage your Employer of Record (EOR) employees and handle global payroll effortlessly. You can easily address any urgent matters with just a click of a button. Additionally, the app includes a helpful Corporate Immigration module that provides assistance with visa and work permit concerns.
17. Bradford Jacobs
Bradford Jacobs offers Employer of Record services worldwide, assisting companies with their hiring needs in over 120 countries. What sets Bradford Jacobs apart is its ability to provide a comprehensive range of services beyond EOR, including recruitment, entity establishment, global payroll, and marketing support.
Bradford Jacobs stands out as the exclusive worldwide provider of Employer of Record Services, offering comprehensive support for international expansion and business consulting needs.
18. Omnipresent
Omnipresent is known for its comprehensive and extensive employer of record services on a global scale. They offer a personalized onboarding process, where they interview clients and analyze their requirements to ensure compliance with local regulations in the countries they intend to hire in.
After the recruitment process, Omnipresent offers assistance in designing attractive and legally compliant employee benefits packages. They also provide support in managing payroll processing, which includes handling different pay cycles, mandatory and customary bonuses, taxes, and other jurisdiction-specific matters. All these services, along with others, can be conveniently accessed through Omniplatform, the dedicated portal for Omnipresent’s personalized Employer of Record services.
Omnipresent prioritizes its platform above all else. With a cutting-edge technology platform that seamlessly integrates with the rest of your HR software, Omnipresent offers a compelling solution.
19. Safeguard Global
Safeguard Global, possibly the pioneer in global Employer of Record Services (established in 2008), has expanded its range of services to provide comprehensive HR solutions for companies operating on an international scale.
Safeguard Global provide a wide range of services to support companies throughout the global team-building process. Safeguard Global offers a include global recruitment assistance, Employer of Record (EOR) services for both employees and contractors, international payroll management, in-depth analytics on clients’ workforce and the international labor market, HR management solutions, assistance with international legal entity setup, and comprehensive accounting services.
Safeguard Global stands out as the sole global Employer of Record (EOR) service provider offering a comprehensive range of global expansion solutions, which encompass HR consulting, accounting, and company incorporation services.
20. People2.0
People2.0 offers Employer of Record (EOR) services for both companies seeking to manage a global workforce and individuals in need of immigration and sponsorship support. They also collaborate with recruitment agencies that supply international teams to businesses.
People2.0 stands out as a leader in independent contractor compliance. While other global EORs may overlook contractors, People2.0 places significant importance on their role.
21. WorkMotion
WorkMotion is an Employer of Record service that is experiencing rapid growth worldwide. They offer various options for international hiring, which gives companies unparalleled flexibility when expanding their operations abroad.
What sets WorkMotion apart from other EOR services is their unique ability to help companies employ their team directly in foreign markets by assisting with the necessary registration processes.
22. Skuad
Skuad is an international HR platform that offers services for hiring employees in over 160 countries. With Skuad, businesses can ensure compliance with global employment regulations by generating employment agreements, providing support for work permits, and managing employment and payroll in a legally compliant manner.
Skuad places a particular emphasis on providing assistance for hiring and compensating software developers on a global scale. This commitment is reflected in the platform’s robust contractor services and wide array of payment methods.
23. Foothold America
Foothold America is a company that specializes in providing Employer of Record services in the US. They are dedicated to helping businesses expand and hire in a compliant manner. In addition to their Employer of Record services, Foothold America also offers assistance with setting up legal entities and recruitment for companies.
Foothold America offers assistance with setting up a US entity and provides Employer of Record (EOR) services. This means that companies can benefit from Foothold America’s support at various stages of their business expansion. They can begin by utilizing the EOR solution and later transition to entity establishment when their presence in the US reaches a significant level.
24. Gloroots
Gloroots offers Employer of Record (EOR) services and a platform for managing contractor payments on a global scale. With a presence in over 140 countries, Gloroots is equipped to assist with hiring processes worldwide.
One area where Gloroots excels is in benefits administration, ensuring that employees receive top-notch local benefits in their respective countries. This includes providing country-specific insurance coverage, tailoring benefits to each individual employee, and facilitating the efficient delivery of laptops to international team members for a quick and seamless onboarding process.
25. Teamed
Teamed is a globally recognized employment services company that offers Employer of Record (EOR) and contractor management services worldwide. Although it originated in the UK, Teamed has expanded its operations globally.
Teamed prioritizes its customers’ needs, leading to positive feedback from well-known clients who have experienced the advantages of partnering with Teamed. Unlike other platforms, Teamed stands out by providing personalized human support, making it the perfect EOR solution for businesses.
26. Lano
Lano is a global company that specializes in payroll and Employer of Record (EOR) services. With its headquarters in Berlin, Lano provides its services globally. What sets Lano apart from other EORs is its unique payroll consolidation solution.
Acting as a middleman, Lano connects all the different payroll providers in various locations, making it convenient for multinational companies that already work with multiple local payroll providers and want to maintain those relationships.
27. Panther
Originally created as a tool for facilitating payments to contractors across different countries, Panther has evolved into a comprehensive Employer of Record (EOR) service for international teams. Panther services range from handling payroll and providing employee benefits to ensuring compliance with local labor regulations. Wherever you choose to recruit your global workforce, Panther offers a convenient all-in-one solution for global hiring.
However, Panther, being a new player in the industry, offers fewer features compared to its competitors. It may also be challenging to discern which features and pricing are applicable only to contractors and which ones are applicable to full-time employees hired through Panther’s Employer of Record (EOR) service.
28. Aircraft
Employer of Record Services (EOR) are offered by Plane (formerly Pilot), to assist US-based companies in managing international payroll, benefits, and compliance. This service simplifies the process of hiring employees and contractors globally.
Plane provides a convenient cloud-based platform that allows companies to onboard and pay their employees and contractors, regardless of their location. With support for payments in 240 countries for contractors and payroll management in 100 countries for employees, Plane ensures efficient and streamlined operations.
Pilot provides solutions for managing a global workforce, including handling employment paperwork, ensuring compliance, managing tax withholding, and relieving employers of the hassle of these tasks.
Despite offering slightly fewer features compared to other options, Pilot stands out with its affordable and transparent pricing structure, making it an attractive choice for Employer of Record services.
29. Airswift
Employing Employer of Record (EOR) services can significantly accelerate your market strategy and ensure your company’s successful establishment in a foreign country. Airswift offers comprehensive EOR services in approximately 60 global locations.
As an Employer of Record, Airswift takes charge of hiring and managing employees/workers on behalf of their clients, eliminating the need for any third-party providers. Additionally, they assist international employees in obtaining the necessary visas and work permits for their new work location.
Airswift provides Employer of Record services, ensuring compliance with local legal regulations. With over four decades of industry expertise, Airswift supports companies in their global expansion efforts.
30. TriNet
TriNet provides comprehensive Employer of Record (EOR) services to its clients through an integrated platform. With a single login, clients can easily manage benefits, access payment information, and update important data.
TriNet offers seamless integration options and APIs to streamline data and facilitate informed decision-making. Their range of services includes round-the-clock EOR, payroll, and HR outsourcing solutions. TriNet is committed to delivering efficient and top-notch services to its clients.
31. ShieldGeo
If you’re looking for reliable Employer of Record Services, ShieldGeo is a top choice. They specialize in efficiently managing remote employees, ensuring swift results for your international staffing needs.
With their hassle-free international employment services, ShieldGeo takes care of all aspects including payroll, tax, and compliance. By relying on their expertise, you can confidently hire overseas employees without worrying about potential risks.
32. NPI
NPI Entertainment Payroll, Inc. provides employer of record services specifically tailored for the entertainment industry. Their services cover a wide range of sectors including theatrical productions, live performances, featured films, and television productions.
By taking care of reporting, payroll taxes, payroll processing, and employee management tasks, the company ensures a streamlined and efficient process for managing production employees. With their expertise, clients can handle payroll, taxes, and insurance seamlessly, allowing them to focus on their core business activities.
33. International Staffing Consultants
International Staffing Consultants is a reputable company specializing in international staff recruitment. With expertise in various industries such as defense, engineering, electronics, and architecture, they offer comprehensive recruitment services.
The company takes responsibility for handling the employer of record and international payroll services, ensuring a smooth and efficient process. Additionally, they provide HR support to ensure a seamless experience throughout the international recruitment process.
With over three decades of experience, International Staffing Consultants is a trusted provider of global staffing solutions.
34. Nexus CW
Nexus CW is a well-known company specializing in workforce management, providing comprehensive payroll and human resources solutions. Their recruitment services are not only cost-effective but also time-saving.
The company excels in offering highly efficient employer-of-record services, ensuring accurate and timely payroll processing. They prioritize compliance with all federal tax regulations, guaranteeing a seamless experience for employers.
Nexus CW provides health benefits to employees that are in compliance with both federal and state laws. These benefits include medical, vision, dental, 401(k), and life insurance.
35. Mercans
Mercans is a well-known company that specializes in payroll technology and Employer of Record (EOR) services. Through their advanced global payroll platform, HR Blizz™, Mercans empowers both small and large businesses to efficiently handle payrolls in over 160 countries.
With their extensive experience of 20 years in global payroll, Mercans provides a comprehensive range of HR services using a secure and unified global platform.
Are there any risks to using an Employer of Record service
Employer of Record (EOR) services, although beneficial in many ways, are not completely without risks. It is important to consider these potential drawbacks when selecting a suitable partner for your business.
Financial risks:
- Mandatory benefits
- In certain countries, it is mandatory for employers to provide benefits to their employees. If this is the case, the Employer of Record (EOR) will include the cost of these benefits in addition to the employee’s salary and the service fee, resulting in a cumulative expense.
- Currency fluctuations
- The cost of payroll and other financial transactions can be affected by changes in exchange rates, which occur when the value of a currency increases or decreases.
- Hidden costs and service fees
- Certain Employer of Record (EOR) services may impose supplementary charges for particular duties, such as handling paperwork, managing employee onboarding or offboarding, or offering extra HR guidance.
Operational & Strategic Risks
- Data security
- When choosing an Employer of Record (EOR) service, it is important to evaluate the security measures they have in place to protect your employees’ sensitive data. This includes assessing their data protection practices and policies, such as incident response plans, IT penetration testing, and certifications like ISO 27001 for data management.
- Loss of control
- When utilizing Employer of Record services, it is important to understand that you will have to give up a certain level of control over the management processes of your EOR employees. This can potentially have an effect on your organization’s ability to make strategic decisions.
- Brand reputation
- If your chosen Employer of Record Services (EOR) engages in any negative actions, incidents, or practices, it can have a direct impact on your organization’s brand reputation and create a negative experience for your employees if not appropriately addressed.
What are the benefits of an Employer of Record
- Hire globally in 24 hours
- When it comes to hiring internationally, the process can be quite long and tedious. In most situations, the local laws mandate that employers must establish a legal entity within the country, which can take several weeks or even months. However, opting for a Global Employer of Record (EOR) service can significantly speed up this process, with some arrangements being set up in as little as 24 hours.
- Save money vs company incorporation
- In the past, expanding internationally would involve significant costs for legal and consulting services, even before hiring employees, setting up offices, or selling products. However, with the assistance of an Employer of Record (EOR) service, all of these tasks have already been taken care of.
- Their main responsibility is to hire skilled international employees and contractors while ensuring compliance with local regulations. Additionally, some countries have strict requirements for foreign investment, but by partnering with a Global EOR that has existing legal entities, companies can bypass this hurdle and allocate their resources more efficiently towards their projects.
- Ensure compliance with foreign labor and tax laws
- As an Employer of Record (EOR) service provider, it is their duty and legal obligation to handle international labor and tax laws. This relieves the client from the need to have expert knowledge of these regulations. Additionally, the EOR takes on the legal responsibilities and liabilities associated with employment.
- Hire the most talented staff
- Employer of Record Services (EORs) play a crucial role in connecting skilled professionals from different parts of the world with job opportunities that may not be available in their local areas. At the same time, these services help growing companies overcome the challenge of finding qualified staff within their jurisdictions. By utilizing Global EORs, employers can now tap into a global talent pool and compete for highly sought-after experts in various fields including engineering, programming, content creation, public relations, marketing, design, and more.
What does an Employer of Record do?
Employer of Record Services, also known as EOR services, are provided by third-party organizations that assist companies in hiring employees in countries where they do not have a physical presence.
This service is particularly beneficial for businesses that are expanding globally but have not yet established physical offices or do not intend to do so. In such cases, the EOR provider assumes the legal responsibilities of being the employer for your remote staff.
Employer of Record Services involve a partnership where a service provider takes care of various employee-related tasks, including payroll management, tax deductions, and onboarding processes for new hires.
This arrangement enables businesses to tap into global talent pools while minimizing their legal and compliance risks. By assuming legal responsibility for international hires, the EOR company helps organizations reduce their liabilities in this regard.
Does an EOR service include access to software?
Employers of Record (EOR) service providers typically provide their clients with access to their software systems through a convenient client self-service portal. This is because EOR providers themselves rely on software for various tasks like payroll management, time-tracking, and workforce management.
By granting access to employee data through a user-friendly portal, these providers offer peace of mind to their clients, promote transparency of data, and facilitate smooth communication between the EOR provider and the client’s business.
When considering an Employer of Record (EOR) service, it is important to review the terms of the service agreement. Some EOR partners may offer access to their payroll software or other features without any obstacles, while others may require an extra fee.
It is crucial to keep this in mind while selecting the right EOR partner for your needs. Additionally, certain EOR systems may allow for automation, enabling the creation of integrated workflows between their software solutions and the ones you currently utilize.
When assessing EOR platforms, it is crucial to take into account their ability to integrate with your current HR software. This is especially important if you require detailed time tracking of your EOR employees in order to accurately bill their hours to clients.
Prior to selecting an EOR solution, inquire about the availability of native integrations or the possibility of creating integrations through an API or other methods. It is preferable for any changes made in the EOR system to automatically update your HR platforms in real-time to ensure there are no data discrepancies.
EOR vs. PEO Services
When it comes to hiring remote employees in a country where your company doesn’t have a legal entity, the choice between Employer of Record (EOR) and Professional Employer Organization (PEO) services depends on the legal status of the parent company. In such situations, opting for an Employer of Record service becomes essential.
If your company has already set up a legal entity in another country and your internal HR team requires extra support in recruiting and overseeing global employees, you have the option to outsource certain aspects of your HR services using an Employer of Record (EOR) agreement.
In an agreement with a PEO, both your company and the PEO company engage in a co-employment arrangement where each party has specific legal obligations. The current global market for Employer of Record (EOR) services is thriving and highly competitive.
For businesses looking to expand their workforce internationally and manage payment processes for employees and contractors, it is crucial to carefully evaluate and compare different EOR providers. By doing so, businesses can select the EOR company that aligns best with their specific needs and requirements.