Employer of Record (EOR) Service

As a simple answer, yes. 

However, you must consider the costs, time and other resources needed to ensure compliance. It is not as simple as hiring an employee and creating a payslip each month. Setting up and maintaining an entity, compliantly payrolling each international employee and staying up to date on cultural nuances and local tax and labour laws, in each region you want to expand to is challenging even for experienced enterprises. 

Luckily, there are other options companies can take support their expansion plans. Partnering with a trusted global Employer of Record, handles everything so you don't have to. 

Choosing between a PEO or an EOR can mean all the difference, because they look similar but functionally, they’re completely different.

At their core, PEOs and EORs extend an existing business. They simply enable a business to expand their staff numbers. But they have a few significant differences in certain key areas.

• An EOR is a cross-border service. They can employ workers for your business across country lines.
• A PEO requires the business owner (you) to have a legal entity in the geographic area you wish to hire staff.
• Both PEOs and EORs handle, HR, onboarding, payroll, benefits & reporting.
• Local labor laws are taken care of with an EOR, with a PEO, you are liable for the legal status of the employee.
• The EOR is the employer of the staff member. They work with you via a service agreement. With a PEO, it’s a co-employment arrangement, the staff member works for you and the PEO.

There are many different Employer of Record solutions on the market, so finding the right one comes down to your business needs. 

You can split the EORs into, self-service payroll platforms and service-led solutions. 

Emerald technology is a hybrid solution providing tech organisations with a human centric approach to expansion. Emerald manage the whole process, so you don't have to go at it alone or do any guess work. Unlike platform only solutions who rely on your ability to manage the platform. 

If your looking for a self-service payrolling solution, companies like Deel and Remote are a great fit.

But, if you believe HR is human centric and is not the place for self-service and chatbots, a service-led solution will suit you better.

If you need support in payrolling international employees, onboarding a remote workforce and staying up to date with local labor laws wherever you want to test a market, Emerald Technology is the perfect global partner.