Most companies are starting to see the advantages of having remote staff. The ability to hire individuals who are comfortable working from home has become highly beneficial. However, as most people have discovered, keeping track of everything is a huge challenge.

Using an Employer of Record service can help businesses in resolving this issue. An EOR service operates as a mediator between the employee and the employer, easing the employer of different operations. It also boosts employee productivity and minimizes stress in the employer-employee relationship.

What is EOR?

An Employer of Record (EOR) service is a third-party organization that assists businesses in managing all formal employment responsibilities on behalf of another business.

Benefits of EOR

 If you have remote employees, an EOR solution may help you manage their time and costs, pay them properly, and assure tax compliance. Here are the benefits of getting an EOR service:

• Increase productivity – It allows companies to focus on other essential aspects of their operations, which increases productivity since the EOR service provider handles all regulatory issues, including employment, payroll taxes, or other payroll-related paperwork.

• Lower costs –  Remote employees do not require office space or equipment since they may operate from any place as long as they have the appropriate devices and access to an internet connection. Furthermore, it lowers payroll costs, administrative costs, and simplifies the payroll process.
• Ease of Administration – Employers do not need to worry about keeping track of numerous payroll procedures because all payroll information is handled through the EOR service. This makes payroll management easier for companies, especially if they have multiple offices in different countries.

​​The benefits of utilizing employer-of-record services are many. Availing this service allows your company to devote more time to core business activities rather than dealing with concerns that may be transferred to another firm effortlessly.

If you want to learn more about our employer of record services, feel free to contact us via email, Facebook, Instagram, or our landline at 0917 899 0044.