A comprehensive solution for a responsible employer is a set of services that help the company comply with all labor legislation requirements and provide comfortable working conditions for its employees.
You can use effective EoR solutions that will help optimize your business and make it work in a relaxed mode for every working specialist.
Reduce Costs with the Employer of Record Service
The comprehensive solution includes a wide range of services, ensuring the company’s high efficiency. Among the key components you should pay attention to are:
- Legal support. The company receives legal advice on labor law issues, assistance developing and concluding employment contracts, resolving labor disputes, etc.
- The company outsources accounting, including payroll, taxes, and contributions.
- Human resource management. The company receives assistance in recruiting and assessing personnel, organizing training and development of employees, and resolving personnel issues.
Specialists are always ready to assist in selecting qualified personnel and optimizing key work tasks.
A comprehensive solution for a responsible employer allows the company to save on the following costs:
- Cost of services of lawyers and accountants. The company outsources these services, which allows savings on salaries and personnel taxes, as well as office and equipment costs.
- Software cost. The company does not need to purchase and maintain accounting and HR software.
- Employee time and effort. Company employees are freed from routine labor law, accounting, and personnel management tasks.
With the help of professional services, it is possible to significantly improve the company’s overall efficiency, regardless of the industry and scope of work.
Improving Business Efficiency
A comprehensive solution for a responsible employer allows a company to increase business efficiency due to the following factors:
- Compliance with labor legislation requirements. The company avoids fines and other sanctions for violations of labor laws.
- Improve relationships with employees. The company creates comfortable working conditions for its employees, which increases their motivation and productivity.
- Risk minimization. The company reduces the risks of labor disputes and litigation.
The result is an improved overall work climate and a faster execution of everyday processes that require constant attention.
What is an Employer of Record?
An employer of record (EOR) is a company that acts as the employer of record for employees on behalf of another company. He assumes all the employer’s responsibilities related to labor law, including concluding employment contracts, calculating wages, taxes, and contributions, and providing social guarantees to employees.
In what Cases is the Employer of Record Service Necessary?
You may need to use the services of specialists in the following vital situations:
- A company wants to hire employees in a country where it does not have a legal entity. In this case, she will help the company register in the country, open a bank account, and obtain other necessary permits.
- The company wants to reduce personnel management costs. EOR takes on all the employer’s responsibilities related to labor laws, allowing the company to save on salaries, personnel taxes, and office and equipment costs.
- The company wants to reduce the risks associated with labor laws. EOR has experience in labor law and knows how to avoid law violations.
You need a comprehensive solution for a responsible employer to ensure compliance with all labor law requirements and improve business performance.