What is an EOR?

An Employer of Record (EOR) is an external organization that hires and pays an employee on behalf of another company and takes responsibility for all formal employment tasks. EOR takes care of hiring, managing and paying employees in the name of other company without creating additional work.

Using an Employer of Records allows companies to legally and efficiently engage with workers in a new country without having to set up a local entity or risk violating local employment laws. That is why an EOR can be powerful tool when looking to expand and hire teams internationally.

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What are the benefits of an EOR?

When using an EOR services businesses can free up time, because not having to deal with payroll and HR issues can potentially save hours to an organization. There is no need for local incorporation, so no additional costs, thus reducing time spent on the process when running an entity in every country or state where the business is hiring.  

An Employer of Record is a cost-effective way to outsource payroll and HR functions. Instead of investing in creating and running new entities, you can have access to a local expert in employment in specific country. Through EOR a lot of hiring abroad issues can be solved and it can still be a much cheaper solution to go with. 

An EOR services can be extremely helpful when dealing with payroll processing and employment laws for employees in multiple countries. The challenge of meeting those rules can be a major obstacle to business expansion across international borders that EOR can easily overcome that. 

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How an EOR can help you?

An Employer or Record services are ideal for companies that wants to hire an employee from another country but does not have a permanent establishment. It makes an employees still work for main business, but the EOR handles all HR duties and stay compliant with the local laws, regulations and standards. 

It allows businesses to expand much easier globally, becoming an even more vital part of a global employment ecosystem for companies that want to hire anyone, anywhere.

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Trusted by more than 500 North American companies

Since it was established in 1996, EuroDev has been the preferred European business expansion partner of more than 500 leading North American companies. Today, our workforce of over 75 multilingual professionals continues to help clients map out expansion strategies in an increasingly complex marketplace.

If you're looking for a reliable partner for employing in Europe feel free to get in touch with us!

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Monique Ramondt

 

 

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Monique Ramondt

CCO | VP HR Outsourcing