Working with an Employer of Record, or EOR can be an ideal solution when your business has a need for international operations or wants to start expanding into global markets. An EOR allows businesses to instantly gain access to foreign markets and experienced local workforces by partnering with an established local entity. Your business retains full control of local operations, but you are not obliged to go through the time-consuming bureaucratic process of establishing a new entity of your own in your target market.
The speed of set-up makes working with an EOR very tempting for any organisation looking for fast international expansion. EORs come with their own potential drawbacks, though, and these must be carefully weighed against the advantages. To help you make a well-informed decision regarding EORs, we’ve itemised some key positive and negative points to consider:
Advantages Of Employers Of Record
* Speed Of Access To Global …