Employer of Record service, or EOR for short, refers to an agency that performs hiring duties and taking care of welfare matters for one or more permanent employees by performing such duties on behalf of other companies. Which allows many Companies can legally work with employees abroad without having to establish legal local departments. Basically, having the employer of record take care of it will help you avoid injury when it comes to hiring employees. No matter where in this world
What are the work principles and benefits of hiring an Employer of Record?
The employer of record, or sometimes called the global employer of record, can come in and carry out human resource work as follows.
- Salary payment process
- Tax payment process
- Procedure for recording work
- Create contract renewals and Cancel various employment contracts
- Employee recruitment process for new hires.
- Insurance contract renewal
- Background check.
- Manage benefits and take care of employee welfare, health insurance, etc.
Hiring employees using outsourcing services means you don’t have to worry about local regulations or work permit because the EOR service will take care of these matters on behalf of your company.
Another important aspect of EOR services is that they provide you with international employment opportunities while maintaining regulatory integrity in the country of employment.
Source : https://interloop.co.th/what-is-employer-of-record-eor/
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