The world around us is rapidly changing both in our personal lives and business. Although much of the world still commutes to work in their hometown, there are an increasing number of people who work globally. Working globally comes with its own set of challenges for both the employee, and the employer.

Employers of record services (EOR) for international businesses have been around for some time, but are used more frequently today than ever before. With better access to high speed internet and the ability to reach the furthest most corners of the globe, there are opportunities to find the best and brightest talent for your business from near or far.

Read on to see if your company could benefit from employers of record services for your needs internationally.

What Is A Global EOR?

Just like a traditional business model utilizes an office administrator, a global EOR uses the same model with the exception that the employees are international. This means that the EOR takes care of the mundane tasks such as human resource issues or payroll without you having to set up an entity in the employee’s country of origin. You never have to deal with the administrative side of a foreign country’s laws, taxes, and customs. These issues are now handled by your EOR.

Access To World Talent

When you are not limited to location, you can freely hire the best person for the job when you are dealing with an EOR. By using a global EOR you can rest assured that they will help mitigate the liabilities of hiring from another country being well versed in the culture and customs.

Manage Your Staff

You still manage your own staff and retain control of your employees who report directly to you. Your intellectual property remains your own. You are in charge of all disciplinary actions, hiring and firing. You make the rules and decide the assignments just like if your employee was down the hall. The difference in this model is you are not burdened by the day to day administration details which is now handled by your EOR.

Expand Quickly

Time is money, and you will save time using an EOR versus the transitional method of expanding into a foreign country. They will research the legalities of you doing business with such issues as labor laws and implementing your contracts, along with filing any tax and legal information required by the country that you are hiring from. Using an EOR is the fast track to becoming a global business. Researching and doing this work could take years on your own.

Is A Global EOR Right For You?

If you are looking to expand your business globally you should consider searching for employers of record services for more information. Tap into the world market for talent in your industry. Small businesses all the way up to Fortune 500 Companies use EOR services to expedite their needs in foreign markets while being assured that they are compliant with international law and regulations. You can now hire the leading talent anywhere in the world with complete confidence.