All You Need to Know About an Employer of Record
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National Manager / ASG
Director of Operations / Moscord
Country Manager / Zoom
Head of Customer Experience/Catch
What is an EOR?
That said, read on to learn what an EOR is, and why you need it in your business!
What are the responsibilities of an EOR?
What are the key functions and responsibilities of an EOR?
An EOR has an extensive scope of services and responsibilities. As such, the client company has the opportunity to customize the service they will get according to their needs and circumstances.
But in general, the EOR handles basic personnel functions of the client company while ensuring they have total business operations control. The EOR offers an end-to-end business solution and acts as the legal entity for the following responsibilities:
Benefits of Having an EOR
Decreased Employee Accountability
EORs act on the responsibility of ensuring employee welfare. They carry out duties directed by authorities and health maintenance organizations, including insurance coverage and payroll processing.
Boost Time and Cost-Efficiency
Compliance Checking & Monitoring
Tax and labor laws differ from country to country and can be so complicated to understand. Having an EOR can help ensure that the company remains compliant with all necessary laws in the country they’re hiring from. This matter makes it convenient for overseas clients who are talent insourcing.
Part of the EOR’s duty is to remain up-to-date with local laws for compliance checking and monitoring. They also ensure that the processing of payrolls stays compliant with applied employment laws.
Skip Unnecessary Local Incorporation
When to Use an EOR
An EOR will make the needed research and assessment for the company’s international market readiness. If deemed necessary, they will hire employees in the client company’s target countries.
In this way, the company can evaluate the operations with local employees in said locations. Plus, the EOR will take care of matters concerning the establishment of an entity.
There is a risk in hiring independent international contractors in terms of employment and tax violations. Fortunately, the business can leave out the processing of requirements to the EOR to ensure compliance with all necessary processes.
Working with an EOR can help speed up the beginning of operations for a company with no entity yet. The EOR will handle the company’s services as the entity gets set up at the same time.
It is the EOR’s duty to pay new employees in compliance with labor laws and regulations. They will handle the payroll if the company has no legal business entity yet. In this process, the EOR facilitates acquisition for the company.
How KMC’s Employer of Record Services Work
The Zoom Story: Zero to Hero in 6 Months Amid the Pandemic
Zoom has become the number one tool in everybody’s remote work setup. In line with this massive transition, the company has had to pivot its operations to adapt to its rapid expansion. In this process, KMC has provided them with high-quality teams that have helped navigate their growth in the Philippines.
Human Resources Management
Sourcing and initial interview
Signing of contract
Onboarding of employee and set-up
Continuous partnership and support
Need an Employer of Record (EOR)? Work with KMC now!
KMC takes pride in our client-centric solutions. We commit to placing our 100% effort in building trust with all our partners and clients. Contact us today, and we look forward to being a part of your company’s success!