These are the best EOR providers ranked on best value for money.
An Employer of Record (EOR) is a service that provides employers with access to specialized expertise in payroll, benefits, and compliance. An EOR can help employers reduce costs, streamline the onboarding process, and minimize the administrative burden associated with hiring, managing, and terminating employees.
An EOR can also serve as a single point of contact for employee-related issues, helping employers better understand and manage their obligations under applicable employment laws and regulations.
An EOR is for many companies, from startup to corporate, the gateway to hiring talent globally without owning a local entity and setting up business.
In this blog we provide the 7 best Employer of Record (EOR) providers to hire talent globally.
An employer of record (EOR) is an entity that is legally responsible for the employment of a worker, and is responsible for withholding and remitting payroll taxes, employee benefits, and other related costs on behalf of the worker. It is a type of third-party service that is often used when companies want to employ workers in a different country or state, or when companies want to hire independent contractors without taking on the responsibilities of a traditional employer.
The employer of record is responsible for handling all of the administrative tasks associated with hiring and managing employees. This includes payroll processing, employee benefits, tax withholding, compliance with labor laws, and more.
The employer of record is also responsible for providing the employee with any necessary benefits, such as health insurance or other benefits as required by law.
The employer of record typically provides the employment contract and pays the employee's wages in accordance with local labor laws.
The employer of record is a valuable service for companies who wish to hire independent contractors or workers in a different country or state. By taking on the responsibilities of an employer, the EOR can help companies avoid the risks and costs associated with traditional employment and setting up offices and activities in a different country, while still ensuring that the employee is paid properly and in accordance with applicable laws.
The EOR makes it possible to hire employees quickly in accordance with local regulations while providing a good employee experience.
We did an extensive review of the best EOR providers globally. Our market research was focussed on quality, services provided and price.
After review we ranked the EORs based on best value for money.
These are the best EORs:
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