An employer of record (EOR) acts as a third-party entity that manages the employee-related tasks on behalf of an organization. Utilizing an EOR allows companies to hire employees in different regions or countries without the need to establish a legal entity in those locations. This allows organizations to focus on other aspects of business operations while the EOR handles the complex compliance requirements in the employee's country.
An EOR typically takes care of newly-hired employees, helping them to get started by managing the employment agreement and setting up the necessary processes for the new employee to begin working in the organization. It helps streamline the onboarding process, ensuring new employees are ready to contribute effectively from day one.
With varying local laws and jurisdictions in each country, EOR helps businesses hire employees while navigating the intricacies of local regulations. By taking on these responsibilities, this ensures that businesses remain compliant with local regulations, reducing the risk of legal issues and penalties.
While dealing with payrolls in various countries can be daunting, an EOR fully manages payroll and processes deductions from local taxes for both the employee and the employer, ensuring that employees are paid accurately. It simplifies the complexities of international payroll processing, ensuring accuracy and compliance across different jurisdictions.
Aligning to local standards and benchmarking, EORs provides organizations with access to local insurance coverage and advise appropriate benefits for employees. This helps organizations attract and retain top talent while complying with local benefits regulations.
To facilitate smooth offboarding processes, an EOR ensures that all necessary procedures and actions are taken. By handling these tasks, an EOR minimizes disruptions and maintains a positive relationship with the departing employee.
Having an EOR can help reduce international costs by providing a cost-effective solution without the need to establish a legal entity in a foreign country and the costs related to setting up new offices abroad.
Utilizing EOR services can benefit companies by reducing their time-to-hire, allowing employers to onboard new employees in any location in the world. This enables rapid scaling of operations and access to a wider pool of global talent.
Employing an EOR provides the flexibility to accommodate organizations' employment needs. Whether employers need full-time employees or project-based contractors, having flexible staffing solutions can enhance operational efficiency. This allows companies to adapt quickly to changing business needs without long-term commitments.
Having an EOR that provides strong support and helpful resources can ease cross-border employment complexities. It is essential for employers to research and get connected with EOR providers to understand the level of support needed. Reliable support can make a significant difference in easing operations.
If you're in need to hire talent in various locations, especially in a diverse region like Southeast Asia, it's crucial to check the EOR's operational capabilities for regional hiring. Glints ensures a seamless and hassle-free experience, equipped with market experience and expertise to handle your HR needs.
Find an EOR service that offers prompt and reliable assistance. The quality of service provided by the EOR is crucial, especially when dealing with questions and concerns that require quick responses. For example, Glints offers a high level of service, allowing you to reach out anytime for help, ensuring a smooth and efficient experience.
Disclaimer: This article and all information in it is provided for general informational purposes only. It does not, and is not intended to, constitute legal or tax advice. You should consult with a qualified legal or tax professional for advice regarding any legal or tax matter and prior to acting (or refraining from acting) on the basis of any information provided on this website.
About Glints TalentHub
Building your Team in
Southeast Asia with Glints' EOR Service
Rapid
Team Setup
Launch Southeast Asian operations in a week for a seamless start
Full Suite of HR Offerings
Launch Southeast Asian operations in a week for a seamless start
Guaranteed 100% Compliance
Ensure total HR and legal compliance with expert local guidance
Dedicated & Immediate Support
Get quick, dedicated HR support within 24 hours