An employer of record (EOR) is a global employment services provider that helps you employ people legally in other countries. Your EOR handles payroll, benefits, taxes, stock options, and local compliance, freeing you to focus on your team.
When should you hire an EOR?
Businesses rely on employers of record to help them hire employees in multiple countries. With an EOR, a company can expand operations into another country without having to set up a local entity, which can be expensive and take months or longer to accomplish. Working with an EOR allows businesses big and small to employ and pay workers in other countries quickly and affordably.
How can an EOR benefit your business?
An employer of record employs workers in another country on your behalf. For example, if your company exists in the United States and you want to hire an employee in Mexico, you may do so using an EOR. Hiring and paying an international professional must comply with their country’s laws and ordinances. Between the bureaucracy and legalities, this can be complicated and expensive. With a global Employer of Record (EOR) this process is simple, compliant and cost-effective.
What HR and legal functions can an employer of record perform?
-
Allow businesses to hire full-time workers in other countries legally
-
Run payroll for employees in other countries
-
Handle benefits administration for global workers
-
Manage international contractors
-
Distribute employee stock options across national borders
How can an global employer of record benefit your business?
In today's global economy, businesses are increasingly looking to expand into new markets. However, expanding into a new market can be a complex and time-consuming process. One of the biggest challenges is complying with the local employment laws. This is where IsoTalent can step in and help.
IsoTalent is a global EOR company that specializes in helping businesses hire and manage employees in other countries. We take care of all the legal and administrative work, so you can focus on growing your business.
What are the four advantages to enlisting an EOR?
Compliance: EORs are experts in local employment laws. They make sure that you are in compliance with all the relevant regulations. This can save you a lot of time and money in the long run, as you will avoid costly fines and penalties.
Cost savings: EORs can save you money on a variety of costs, including payroll, taxes, and benefits. They also have access to a global network of talent, so you can find the best employees for your business, regardless of location. They also have economies of scale that can help you save money on things like payroll processing and benefits administration.
Efficiency: EORs take care of all the administrative work, so you can focus on growing your business. They handle things like payroll, taxes, benefits, and HR, so you can free up your time to focus on other areas of your business. This can save you a lot of time and stress, and it can help you to grow your business more quickly.
Peace of mind: Knowing that your international HR needs are being taken care of can give you peace of mind. You can focus on running your business, knowing that your employees are taken care of. EORs have a proven track record of success, and they can help you to avoid costly mistakes.
Working with IsoTalent Global EOR Services
Using our extensive candidate database we can source and identify qualified workers in the US and abroad. For international workers, IsoTalent can place employees on their payroll and bill clients monthly for their salary plus a management fee. You can trust lsoTalent to source and hire the right talent to augment your workforce, whether down the street or across the world.
